Advait Subsidiary Signs 1 GWh Battery Cell Supply Deal with Hithium

Advait Battery Ecosystem Private Limited (ABEPL), a step-down subsidiary of Advait Energy Transitions Limited, has executed a Master Supply Agreement (MSA) with Hithium, a BloombergNEF Tier 1 manufacturer. This agreement secures the purchase of lithium iron phosphate (LFP) prismatic battery cells, structured to support cell offtake of up to 1 GWh over the next year. The supply is crucial for ABEPL’s upcoming 2.5 GWh annual capacity cell-to-container Battery Energy Storage System (BESS) assembly facility. The contractual value is set at 49.5 $/kWh for up to 350 MWh, with future prices to be determined based on project requirements. This deal establishes a dependable, high-volume supply chain for Advait's domestic BESS assembly operations across India.