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Time of India
01-05-2025
- Business
- Time of India
Cygni commissions gigafactory in Hyd
Hyderabad: Independent energy story solutions player Cygni Energy , which was incubated at IIT Madras and is headquartered in Hyderabad, has commissioned the first phase of its automated battery energy storage system (BESS) gigafactory at the E-Mobility Valley at the Electronics Manufacturing Clusters (EMC) at Maheshwaram in Hyderabad. The first phase of the gigafactory has been set up at an investment of 100 crore and has a capacity to produce 4.8GWh of high-capacity battery packs for electric vehicles and energy storage systems capacity. The company plans to double this capacity by 2027 at an additional investment of 150 crore in the second phase. You Can Also Check: Hyderabad AQI | Weather in Hyderabad | Bank Holidays in Hyderabad | Public Holidays in Hyderabad Cygni founder & CEO Venkat Rajaraman said, "In Phase II, we are scaling our gigafactory's capacity to 10.8 GWh in the existing facility itself. With a total investment of 250 crore across two phases, this will result in direct and indirect job creation of over 1,000 jobs in the next 24 months." He said as part of this expansion, the company will be adding three additional automated 2 GWh cell-to-pack manufacturing lines and container integration facilities to the existing lines to meet the rising demand for stationary and e-mobility storage applications. The 1.6 lakh sq ft phase-1 facility has come up on a five-acre parcel of land and the battery packs produced here will cater to large grid-scale stationary storage projects and independent power producers. The first phase of the gigafactory has been set up at an investment of 100 crore and can produce 4.8GWh of high-capacity battery packs
Time of India
30-04-2025
- Business
- Time of India
Cygni Energy commissions 4.8GWh battery energy storage system gigafactory in Hyderabad
HYDERABAD: Independent energy story solutions player Cygni Energy, which was incubated at IIT Madras and is headquartered in Hyderabad, has commissioned the first phase of its automated battery energy storage system (BESS) gigafactory at the E-Mobility Valley at the Electronics Manufacturing Clusters (EMC) at Maheshwaram in Hyderabad. Put up at an investment of Rs 100 crore, the first phase of the gigafactory has been set up with a capacity to produce 4.8GWh of high-capacity battery packs for electric vehicles and energy storage systems capacity. The company plans to double this capacity by 2027 at an additional investment of Rs 150 crore in the second phase. Cygni founder & CEO Venkat Rajaraman said: 'In Phase II, we are scaling our gigafactory's capacity to 10.8 GWh in the existing facility itself. With a total investment of Rs 250 crore across two phases, this will result in direct and indirect job creation of over 1,000 jobs in the next 24 months.' He said as part of this expansion, the company will be adding three additional automated 2 GWh cell-to-pack manufacturing lines and container integration facilities to the existing lines to meet the rising demand for stationary and e-mobility storage applications. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like New South Wales Residents Born 1945-1984 With No Life Insurance Could Be Eligible yourseniorsaving Undo The 1.6 lakh sq ft phase-1 facility has come up on a five-acre parcel of land and the battery packs produced here will cater to large grid-scale stationary storage projects and independent power producers. Cygni has manufactured and delivered 500 MWh of batteries for the power and energy segment and has a pipeline of 1 GWh in orders for BESS projects and EV battery packs. Inaugurating the facility, Telangana special chief secretary & CEO for industry & investment cell at CMO Jayesh Ranjan said the inauguration of the battery manufacturing gigafactory in Telangana marks a transformative step toward sustainable energy, manufacturing excellence, and innovation. 'This facility not only strengthens India's commitment to clean energy but also creates jobs, fosters local talent, and builds a robust ecosystem for the future of energy storage solutions ,' Ranjan said. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
The Hindu
30-04-2025
- Automotive
- The Hindu
IIT-M incubated Cygni Energy opens 4.8 GWh BESS Gigafactory near Hyderabad
Hyderabad-headquartered Cygni Energy opened a 4.8 GWh Battery Energy Storage System (BESS) Gigafactory at E-Mobility Valley in the Electronics Manufacturing Cluster, Maheshwaram near the city on Wednesday (April 30, 2025). The IIT-Madras incubated energy storage engineering and manufacturing company has established the 1,60,000 sq ft facility on a five-acre campus with an investment of ₹100 crore. Three lines are operational in Phase I. In Phase II, the Gigafactory's capacity will be raised to 10.8 GWh with the addition of 6GWh in the existing facility at an additional investment of ₹150 crore. 1,000 jobs Across the two phases, in two years from now, more than 1,000 direct and indirect jobs will be generated, founder and CEO Venkat Rajaraman told media after CEO Industry & Investment Cell in Telangana CMO Jayesh Ranjan inaugurated the first phase in the presence of IIIT-Hyderabad Chairman Ashok Jhunjhunwala, iLabs Group founder Srini Raju and others. High-capacity battery packs for electric vehicles and energy storage systems will be produced at the facility. The advanced BESS systems will cater to large grid-scale stationary storage projects and independent power producers (IPPs). The company has orders for 1 GWh from BESS developers and automotive customers. As part of the proposed expansion, the company would add three additional automated two GWh cell-to-pack manufacturing lines and container integration facilities to meet the rising demand for stationary and e-mobility storage applications, Cygni Energy said in a release. 'We plan to grow exponentially in energy storage over the next few years in India and internationally,' Mr. Rajaraman said. To queries, he said besides the seed funding from IIT Madras, the company had raised $6.5 million in 2018 and $12.5 million in 2022.
