Rimac Energy – Croatia’s Serial Entrepreneur Turns to Energy Storage – thurs

Lauren Simmonds

May the 11th, 2023 – Croatia’s serial entrepreneur, referred to quite frequently as Europe’s Elon Musk, is now turning towards energy storage systems (ESS). Mate Rimac has now launched Rimac Energy, adding yet another item to his already incredibly impressive CV.

As Poslovni Dnevnik/Mladen Miletic writes, the incredible Rimac Technology has announced its entry into the market of stationary energy storage systems (ESS) with a new brand – Rimac Energy. The announced step represents a significant milestone for this rather remarkable Croatian company, which is expanding beyond its strong position in high-performance electric vehicle technology, introducing innovative stationary energy storage systems. Realising the full potential of renewable energy production and encouraging the decarbonisation of energy networks are related to stationary solutions of this type.

Serial production in 2025

Within Rimac Technology, a specialised team has been developing over the last eighteen months or so, which today numbers sixty employees, all of whom are currently working on its first generation of stationary ESS’s within the new Rimac Energy brand.

“Relying on the high expertise and standards demonstrated in the development and production of electric vehicles, Rimac Energy is applying the very same engineering philosophy to the development of stationary batteries. As a result, Rimac Energy has developed a new battery architecture that reduces losses by up to 50 percent and at the same time occupies up to 40 percent less surface area compared to the most modern solutions currently available. Additional technological advantages include an extended lifetime, built-in redundancy for increased availability, as well as competitive costs of the system itself and its installation,” the company stated.

A continued commitment to the future, the climate, and not to fossil fuels

“At Rimac, we have always been motivated by innovation and the desire to push the boundaries of what is possible in the automotive industry. However, we also recognise the importance of stationary battery solutions to accelerate the transition to renewable energy sources. Considering our previous results in the field of innovative battery systems, we believe that we’ll be able to play a key role in building the future energy ecosystems of Europe and raise them to the global level,” stated Rimac Energy director Wasim Sarwar Dilov.

Rimac Energy will initially provide solutions in and for the commercial and industrial sector, as a support to the power grid, and solutions for fast and megawatt charging using batteries are already in full development. The company is negotiating several projects with clients, including a pilot project with one of the leading companies in the field of renewable energy that is looking for battery solutions for energy storage to support their solar and wind farms. It is expected that these pilot systems will be produced by the end of 2023, commissioning is planned for 2024, and serial production is on the cards for 2025.

The founder and CEO of the Rimac Group, Mate Rimac, explained the development of the company’s new Rimac Energy brand with the urgent need for clean energy infrastructure to support the integration of renewable energy sources into the grid by providing energy storage and balancing capabilities.

“Given our experience in high-performance electric vehicle technology and our commitment to sustainable development, this path seems like a natural sequence for us. Our team is very much looking forward to creating solutions that make clean energy more accessible, as we work to reduce our dependence on fossil fuels and encourage a greener future,” Mate Rimac concluded.

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