Croatian firms ENNA and Rimac Energy recently announced their collaboration. The cornerstone of this partnership is Rimac Energy's state-of-the-art battery energy storage system, SineStack. The announcement was made during Birmingham Tech Week, one of the United Kingdom's premier technology events, where Rimac Energy showcased the groundbreaking SineStack technology.
ENNA, a diversified company active in transport, logistics, and food distribution, also focuses on developing solar and geothermal energy projects. Rimac Energy, a subsidiary of Rimac Technology Sud the Rimac Group umbrella, is a European leader in designing and manufacturing cutting-edge stationary energy storage systems (ESS).
The partnership aims to kick off pilot projects by 2024. ENNA will concentrate on generating renewable energy through wind and solar resources, while Rimac Energy will take on the role of storing and supplying this energy via their ESS technology. SineStack will be incorporated into ENNA's grid-connected renewable energy assets and could potentially extend beyond these installations.
ENNA and Rimac Energy are not stopping at pilot projects. The collaboration is also considering the large-scale deployment of up to 1 GW in energy storage systems. SineStack brings to the table technological advancements that reduce the levelized cost of storage and enhance round-trip efficiency. Boasting an impressive lifetime of up to 12,000 cycles and more than 92% round-trip efficiency, SineStack is designed to fully utilize energy from every cell, thereby optimizing operational performance.
The technology also includes an integrated power conversion system that allows for easy scalability. Customers can add 790 kWh blocks to their existing setup without requiring changes or additions to inverters.
Zoran Miliša, CEO of ENNA Opskrba, praised the partnership, emphasizing that SineStack represents the future of energy storage systems. He highlighted the synergy between the two companies as the ideal foundation for advancing sustainable and innovative energy storage solutions in Southeast Europe.
Similarly, Wasim Sarwar Dilov, the CEO of Rimac Energy, is optimistic about the European demand for SineStack. He believes that this product will redefine the capabilities of grid-tied batteries, expressing eagerness to scale up production to meet the growing needs across Europe.