Advait Energy Transitions secures 1 GWh LFP cell supply deal with Hithium
- ABEPL signed a Master Supply Agreement with Hithium for up to 1 GWh of LFP battery cells annually
- Initial pricing is fixed at $49.5/kWh for the first 350 MWh, with future rates tied to project receipts
- The deal supports Advait’s 2.5 GWh BESS assembly facility in Gangad, Gujarat
- Hithium reported H1FY25 net profit exceeding RMB 100 million and operating cash flow above RMB 1 billion
*this image is generated using AI for illustrative purposes only.
Advait Battery Ecosystem Private Limited (ABEPL), a step-down subsidiary of Advait Energy Transitions Limited , has entered into a Master Supply Agreement with Hithium for the purchase of lithium iron phosphate (LFP) prismatic battery cells.
The agreement, executed on September 18, 2026, structures cell offtake of up to 1 GWh over the next year. This partnership anchors the supply chain for Advait’s upcoming 2.5 GWh annual capacity cell-to-container Battery Energy Storage System (BESS) assembly facility in Gangad, Gujarat.
Deal Structure and Pricing
Under the terms disclosed in the exchange filing under Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, Hithium will supply 314 Ah LFP prismatic cells. The contractual value is set at $49.5/kWh for the initial tranche of up to 350 MWh. Pricing for volumes beyond this threshold will be determined based on future project receipts.
| Parameter | Details |
|---|---|
| Counterparty | Hithium (BloombergNEF Tier 1 Manufacturer) |
| Cell Type | 314 Ah LFP Prismatic Cells |
| Total Offtake Capacity | Up to 1 GWh over one year |
| Initial Contract Value | $49.5/kWh for first 350 MWh |
| Facility Supported | 2.5 GWh BESS Assembly Unit, Gangad |
Strategic Context
Hithium is recognized as a BloombergNEF Tier 1 global energy storage manufacturer. For the first half of 2025 (H1 2025), Hithium reported net profit exceeding RMB 100 million ($14 million USD) and operating cash flow surpassing RMB 1 billion ($140 million USD).
ABEPL, incorporated on April 27, 2026, is building an integrated BESS supply chain. The company has previously collaborated with Adaptive Engineering for engineering design and Energy Management System (EMS) architecture. The Hithium agreement addresses the critical cell sourcing component of this ecosystem.
What the Numbers Show
The pricing structure reveals a tiered approach to volume scaling. With a fixed rate of $49.5/kWh applied only to the first 350 MWh, approximately 65% of the potential 1 GWh annual offtake remains subject to future price negotiations. This suggests that while the initial supply chain risk is mitigated for the first third of the year's capacity, long-term cost certainty depends on subsequent project wins and market conditions for LFP cells.
Historical Stock Returns for Advait Energy Transitions
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.66% | -2.62% | -3.64% | +29.75% | +43.96% | +43.96% |
How might the tiered pricing structure for the remaining 650 MWh expose Advait to margin volatility if global LFP cell prices decline further?
What is the timeline for achieving full operational capacity at the Gangad facility, and how will this impact Advait's ability to fulfill the 1 GWh annual offtake commitment?
Given Hithium's strong H1 2025 financials, are there indications that they may prioritize this contract over other global buyers, ensuring supply security for Advait?
20
Create Custom Screeners 
Access 200+ Pre-built Filters 
Use 50+ Readymade Screener 
