Croatia: Rimac Group enters energy storage market

, SEE Energy News

Rimac Group announced that its fully-owned subsidiary Rimac Technology launched a new brand Rimac Energy. It will produce stationary energy storage systems. Rimac Energy created a novel battery architecture that reduces efficiency losses by up to 50% whilst decreasing the system footprint by up to 40% compared to current state-of-the-art solutions, the company said in a statement.

These stationary solutions are essential in utilizing the full potential of renewable power generation and driving the decarbonisation of energy networks. Initially, Rimac Energy will provide solutions for large commercial, industrial, and utility-scale applications, with battery-buffered solutions for fast and megawatt charging already underway.

The company has several customer projects in the discussion, including a pilot with a leading renewable energy company to provide battery storage solutions for their solar and wind power plants. Rimac Energy will produce its pilot systems for selected customers this year, with commissioning in 2024. High-volume production will begin in 2025 in Croatia, scaling to more than 10 GWh of annual output.

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