Hithium Establishes First Plant in Saudi Arabia, Targeting 5 GWh Annual Production
Hithium Energy Storage Technology Co., Ltd. (Hithium), a leading global provider of energy storage solutions, has announced a strategic partnership with Saudi Arabian company MANAT to establish a joint venture, Hithium MANAT. This collaboration marks a significant step in Hithium’s global expansion and reflects its commitment to supporting Saudi Arabia’s Vision 2030, a plan to diversify the country’s economy and reduce dependence on fossil fuels.
The joint venture will establish a Battery Energy Storage System (BESS) manufacturing facility in Saudi Arabia, aiming to achieve an impressive annual production capacity of 5GWh. This facility will be instrumental in meeting the growing demand for energy storage solutions in the region, particularly in the context of Saudi Arabia’s ambitious renewable energy targets.
Tailored Solutions for Desert Environments
Hithium is renowned for its innovative energy storage solutions, and its focus on the Middle East and Africa (MEA) region has led to the development of specialized systems designed to thrive in challenging desert environments. These systems incorporate advanced sandstorm protection and robust high and low-temperature designs, ensuring reliable and long-lasting performance.
Local Expertise and Global Reach
Hithium’s partnership with MANAT, led by Engineer Nabilah AlTunisi, combines Hithium’s global expertise in energy storage with MANAT’s deep understanding of the Saudi Arabian market. This collaboration will facilitate smoother market penetration and better serve the needs of local customers.
A Boost for Saudi Arabia’s Energy Transition
Engineer Nabilah AlTunisi highlighted the significance of this venture, stating, “Today marks a pivotal moment in Saudi Arabia’s energy journey. This strategic alliance will not only provide access to world-class energy storage technology but also generate local employment opportunities, stimulate technological innovation, and actively contribute to realizing the Kingdom’s Vision 2030 objectives.”
Sean Sun, GM of the MEA region for Hithium, emphasized the company’s commitment to local development, saying, “By establishing this subsidiary and investing in a local BESS factory, we are not only expanding our global footprint but also directly contributing to Saudi Arabia’s Vision 2030. ‘Local for Local’ is our promise to foster local energy storage growth.”
Hithium’s Position in the Global Market
Hithium is a leading force in the energy storage market, boasting a strong track record with over 40 GWh of BESS projects delivered worldwide. The company is recognized as a Tier 1 BESS supplier, holding a top-five position in global market share. Hithium’s commitment to research and development, evident in its four distinct R&D centers and multiple “intelligent” production facilities, ensures its products remain at the forefront of innovation. The company’s focus on groundbreaking safety improvements and lifecycle enhancements for lithium-ion batteries makes it a trusted partner for businesses seeking reliable and sustainable energy storage solutions.
A Catalyst for Growth and Development
The establishment of Hithium MANAT and the BESS manufacturing facility in Saudi Arabia is a testament to Hithium’s dedication to supporting the growth of renewable energy and sustainable development in the region. This collaboration will not only bolster Saudi Arabia’s energy transition but also create opportunities for local talent, economic growth, and technological advancement.