Cygni Energy, Indus Towers sign MoU to explore energy storage solutions

Hyderabad, Oct 5 (UNI) Cygni Energy Private Limited and Indus Towers Limited have signed a Memorandum of Understanding (MoU) to explore collaboration on sourcing energy storage solutions for telecom infrastructure in India. Under the proposed collaboration, the companies will explore establishing Battery Energy Storage System (BESS) manufacturing capacity of up to 1.5 GWh to cater to the evolving energy requirements of telecom infrastructure. The collaboration will also evaluate advanced battery technologies for telecom applications aimed at improving reliability and energy efficiency and supporting more sustainable telecom operations, Cygni incubated at IIT Madras, said in a release on Monday. Cygni Energy…