India's Advait Energy unit signs battery cell supply pact with HiTHIUM
Shares of Advait Energy Transitions rose as much as 3.6% after its unit Advait Battery Ecosystem signed a master supply agreement with HiTHIUM for lithium iron phosphate (LFP) prismatic battery cells. The agreement covers 314 Ah LFP prismatic cells for Advait's upcoming 2.5 GWh annual capacity battery energy storage system assembly facility, with prices set at $49.5/kWh for up to 350 MWh.
5% after the company said its unit, Advait Battery Ecosystem, signed a master supply agreement with HiTHIUM for lithium iron phosphate (LFP) prismatic battery cells. 5 GWh annual capacity battery energy storage system assembly facility. 5/kWh for up to 350 MWh, with prices for additional volumes to be decided based on future projects. 6% year-to-date.