EV-maker Rimac launches energy storage system

Luxury electric car manufacturer Rimac Technology has announced the launch of Rimac Energy, a stationary energy storage technology.

It's a first foray beyond EVs for the Croatian electric carmaker, reminiscent of Tesla's move into home energy storage with its Powerwall product. Rimac's ESS battery uses a new electrical architecture, and boasts a 50 per cent reduction in energy losses, and a 40 per cent smaller system footprint. It's been developed by a team of 60 employees within Rimac which has been built over the last 18 months.

"At Rimac we have always been driven by innovation and a passion for pushing the limits of what is possible in the automotive industry," says Rimac Energy's Director, Wasim Sarwar. "However, we recognize 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.”

Initially the products developed by Rimac Energy will be geared to industrial and utility-scale applications. It's running a pilot with a renewable energy company to provide battery storage for solar and wind power plants. Mass manufacturing is due to begin in 2025 at Rimac's facility near Zagreb.

"There is an urgent need for clean energy infrastructure to support the integration of renewable energy sources into the grid by providing storage and balancing capabilities," says Rimac founder and CEO Mate Rimac. "Given our head start in EV technology and dedication to sustainability, this path feels like a seamless progression for us. Our team is truly excited about creating solutions that make clean energy more accessible, as we strive to decrease our dependence on fossil fuels and foster a greener future."

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