Hithium Energy Storage Technology Co. and MANAT announced the formation of their joint venture (JV). This collaboration aims to combine Hithium’s expertise in energy storage with MANAT’s local insights to better serve the Saudi Arabian market. The joint venture plans to establish Battery Energy Storage System (BESS) manufacturing facilities in Saudi Arabia, with a targeted annual production capacity of 5 GWh.
Hithium is a manufacturer of high-quality stationary energy storage products for utility-scale, commercial, and industrial applications. With over 40 GWh of BESS projects shipped, the company ranks in the global top 5 and is recognised as a Tier 1 BESS supplier. Hithium operates four R&D centres and advanced production facilities, pioneering safety improvements and extended life cycles for lithium-ion batteries.
In July 2024, Hithium launched a 55 MWh battery energy storage system project in Razlog, southwestern Bulgaria.
