Cygni Energy opens 4.8GWh BESS Gigafactory in Hyderabad

Cygni Energy, an energy storage solutions company, announces the commencement of its Phase-1 fully operational and automated Battery Energy Storage System (BESS) Gigafactory, located in E-Mobility Valley at the Electronics Manufacturing Clusters (EMC) Maheshwaram, Hyderabad.

Set up with an investment of over ₹100 crores, the 1,60,000 sq. ft Phase-I facility is located on a 5-acre campus and is designed with an initial capacity to produce 4.8GWh of high-capacity battery packs for electric vehicles and energy storage systems. These BESS systems will cater to large grid-scale stationary storage projects and Independent Power Producers (IPPs).

Shri. Jayesh Ranjan, Special Chief Secretary to Government of Telangana, commended Cygni for setting up the BESS Gigafactory. Venkat Rajaraman, Founder and CEO of Cygni, commented – “In Phase II, we are scaling our Gigafactory’s capacity to 10.8GWh in the existing facility itself. With a total investment of  Rs. 250 Cr across 2 phases, this will result in direct and indirect job creation of over 1,000 jobs in the next 24 months.”

Cygni has manufactured and delivered 500MWh of batteries for the power and energy segment. Currently, it has a pipeline of 1GWh in orders for BESS projects and EV battery packs.

Also read: AERC Enables 500MWh of BESS in Assam