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.
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.
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.
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.
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