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Cygni Energy Collaborates With XDLE for Commercial and Industrial ESS

Through this partnership Cygni and XDLE will co-develop solutions from 20kWh to 1MWh for the Commercial and Industrial segment in India to reduce electricity tariffs for these customers and accelerate adoption of renewable energy.

September 04, 2024. By News Bureau

Cygni Energy Private Limited, a technology-led energy storage company announced that it has patterned with XDLE Battery, a manufacturer of ultra-long life Lithium LFP Prismatic cells, for Stationary Energy Storage applications.

Through this partnership Cygni and XDLE will co-develop solutions from 20kWh to 1MWh for the Commercial and Industrial segment in India to reduce electricity tariffs for these customers and accelerate adoption of renewable energy. The solutions will be offered with industry leading warranty of 10 years or more to improve adoption and encourage participation of financing partners for galvanizing investments.

Speaking on the announcement, Venkat Rajaraman, CEO, Cygni Energy said, “Cygni is committed to India’s decarbonization roadmap and this partnership is a step in that direction. XLDE’s LFP prismatic cells offer world-class performance with life of over 15,000 cycles. It is a pioneer in the Z-stacking method in prismatic cells which results in high efficiency and superior performance at low temperatures. XDLE’s semi-solid LFP technology provides Enhanced Safety, Improved Energy Density, Extended Cycle Life and Cost-Effective Manufacturing and with lower-than-grid Levelized Cost of Energy (LCOE)”

Commenting on the partnership, Lulu Zhang, Global Vice President Business Development said, “The stationary energy storage market in India is poised for significant growth in the coming years, driven by the country’s increasing focus on renewable energy (RE) integration. With ambitious targets to boost RE capacity, the demand for efficient energy storage solutions is set to rise, enabling better management of intermittent power supply and enhancing grid resilience. Cygni Energy is a leading storage technology company and this MoU will deepen our partnership to build cutting edge stationary storage solutions for India. Our ultra-long cycle life cells can work for ESS projects for up to 20 years”