On August 26, Hithium announced that it had signed a significant ESS project cooperation agreement with the Saudi Electric Company (SEC) and Alfanar Projects, a major utility player in Saudi Arabia. The agreement involves constructing two large-scale ESS projects in Tabuk and Ha'il provinces in northern Saudi Arabia, with a total capacity of 1GW/4GWh. The projects are expected to be operational by 2026.
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.