Advait Energy subsidiary signs 1 GWh LFP battery cell supply deal with Hithium
Advait Battery Ecosystem Private Limited (ABEPL), a subsidiary of Advait Energy Transitions Limited, signed a Master Supply Agreement (MSA) with Hithium for up to 1 GWh of LFP prismatic battery cells over the next year. The agreement supports ABEPL's 2.5 GWh BESS assembly facility. Initial contract value is $49.5/kWh for up to 350 MWh.
The deal is significant for Advait's subsidiary as it secures a key component for its BESS manufacturing facility, impacting its production capacity and market positioning in the energy transition sector.
The agreement with a BloombergNEF Tier 1 manufacturer secures a critical supply chain for Advait's battery energy storage systems, supporting its expansion and domestic manufacturing goals.
Advait Battery Ecosystem Private Limited ("ABEPL"), a subsidiary of Advait Energy Transitions Limited, has entered into a Master Supply Agreement (MSA) with Hithium, a BloombergNEF Tier 1 manufacturer, for the purchase of lithium iron phosphate (LFP) prismatic battery cells. The agreement is structured to support a cell offtake of up to 1 GWh over the next year, with an initial contractual value of $49.5 per kWh up to 350 MWh, though future pricing will be subject to project receipts.
This partnership is crucial for ABEPL's upcoming 2.5 GWh annual capacity cell-to-container Battery Energy Storage System (BESS) assembly facility in Gangad, Gujarat. Hithium will supply its 314 Ah LFP prismatic cells, integrating a widely deployed cell platform into Advait's domestic manufacturing ecosystem. The facility aims to build capabilities across module and pack assembly, container integration, and system commissioning.
Bhushan Shahane, Chief Operating Officer of ABEPL, highlighted that the partnership with Hithium reflects a commitment to best-in-class technology, quality, and service, essential for delivering cost-optimized, high-performance energy storage solutions. The agreement strengthens Advait's domestic sourcing strategy for utility-scale, commercial, and industrial energy storage applications in India. This collaboration complements Advait's existing strategic partnerships, such as with Adaptive Engineering for design and integration capabilities, further building a comprehensive BESS manufacturing ecosystem.
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Advait Energy Transitions Limited filed this with the NSE as a statutory disclosure, categorised under strategic partnerships. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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