Cyantron & Fasmho Energy Ink Deal For High-Voltage Battery Systems

Cyantron & Fasmho Energy Ink Deal For High-Voltage Battery Systems

Electric Vehicles battery management firm Cyantron and Fasmho Energy have announced their partnership, focusing on advanced battery packs aiming to develop and manufacture custom intelligent energy storage solutions, particularly for non-stationary high voltage energy systems like e-buses and e-trucks.

According to a media statement by Cyantron, Fasmho Energy and Cyantron Synergies plan to co-develop battery management units (BMUs) to optimize battery performance and safety in the Indian electric vehicle (EV) sector with an estimated value exceeding USD $10 million.

Abdul Azeez Khan, CEO of Fasmho Energy, said, “Our collaboration with Cyantron Synergies aims to deliver advanced and intelligent energy storage solutions for high voltage applications, catering to the growing demand for clean and efficient electric vehicles.”
The partnership combines Fasmho Energy‘s expertise in battery intelligence with Cyantron Synergies’ proficiency in designing and manufacturing advanced battery packs.

Mohammed UbeduddinIn, director of Cyantron Synergies, emphasized the strategic importance of the partnership in addressing critical gaps in reliable electrical monitoring for advanced energy storage solutions. He stated, “Through our collaboration with Fasmho Energy, we aim to deliver robust and intelligent energy storage solutions that contribute to i greener future and reduce reliance on imported components.”

In other news, JSW Renew Energy Five Limited, a wholly-owned subsidiary of JSW Neo Energy Limited a step-down subsidiary of the company, has signed a Battery Energy Storage Purchase Agreement (BESPA) for the first project of 250 MW / 500 MWh Standalone Battery Energy Storage System out of the total awarded project capacity of 500 MW / 1,000 MWh (two projects each of 250 MW / 500 MWh) with Solar Energy Corporation of India Limited. According to the press release by JSW,  the company will be entitled to receive a fixed capacity charge of Rs 10.84 lakhs per MW per month for twelve years for 60 percent of the total capacity amounting to 150MW/300 MWh