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Supercar maker Rimac launched a battery energy storage business.
The new business unit, called Rimac Energy, will leverage the company’s EV expertise for stationary energy storage systems, starting with a pilot with select customers, according to a company press release. This is a new path for Rimac, who previously launched the Concept_One and Nevera electric supercars, and is known for driving a Bugatti.
With 60 dedicated employees, Rimac Energy has developed a new battery architecture that reduces efficiency losses by up to 50%, while reducing footprint by up to 40%, according to the company. Rimac also promises “competitive materials and installation costs.”
Rimac Nevera cold weather testing in Sweden
Rimac Energy will initially focus on large-scale projects for commercial, industrial and utility applications, according to the release, “with battery buffer solutions for fast charging and mega-watts already underway.”
The company claims to have had numerous discussions for possible energy storage projects, including “pilots with leading renewable energy companies.” Production of a pilot energy storage system is scheduled to begin at the Rimac campus near Zagreb, Croatia, before the end of the year, with installation in 2024. Rimac aims to follow that with mass production in 2025, with final production capacity in the “double-digit gigawatt-hour range” .
Rimac Campus
Rimac has had a number of automotive partners over the years, and while deepening its relationship with Porsche, its efforts with Hyundai appear to have drifted apart.
Energy storage is taking the company down a potentially profitable path—entire battery factories grow to meet the demand for energy storage—but one that has already been trodden by other automakers. Renault in 2018 announced plans for one of the largest installations in Europe, with a storage capacity of at least 60 megawatt-hours. As well as smaller motors and greater efficiency, Lucid is also focusing on battery smarts, and plans to capitalize on the energy storage market.
That, ultimately, could create enormous possibilities to navigate on the home front, with battery companies, automakers, charging providers, and perhaps even utilities all seeking to put their names on such products. That’s where aggregators like Hyundai Home can help.
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