Croatian EV hypercar producer Rimac expands into energy storage systems market

Croatian electric vehicle (EV) technology company, Rimac Technology, has announced the launch of its new brand, Rimac Energy, as it enters the stationary energy storage systems (ESS) market.

The move marks a significant milestone as the company seeks to expand beyond its EV technology and introduce stationary energy storage systems that are essential for realising the full potential of renewable power generation and driving the decarbonisation of energy networks.

Rimac Energy's technology is expected to have a reduction in energy losses of up to 50% and a 40% smaller system footprint compared to traditional ESS systems, while also offering improved cycle life and built-in redundancy for increased availability.

The new brand has been built as a team of 60 employees from within Rimac Technology over the last 18 months.

"We recognise the importance of stationary storage solutions to power our planet sustainably. Given our track record in innovative battery technology, we believe we will play a vital role in building Europe's future energy ecosystems, elevating it on the global stage,” said Rimac Energy's director, Wasim Sarwar.

“All products are fully designed, developed, and produced in Europe,” Sarwar added.

The company plans to supply technology for large commercial, industrial and utility-scale applications, with battery-buffered solutions for fast and mega-watt charging already in progress.

Rimac Energy currently has several customer projects in discussion, including a project with a leading renewable energy company to provide battery storage solutions for their solar and wind power plants.

The pilot systems are expected to be produced by the end of this year and commissioned in 2024. Mass manufacturing is set to start in 2025, scaling to more than 10GWh of annual production.

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