Hithium and US developer Perfect Power in 1GWh battery MOU

LinkedIn
Twitter
Reddit
Facebook
Email

China-based lithium-ion battery manufacturer Hithium has agreed to supply 1GWh of products to US energy storage project developer Perfect Power through a memorandum of understanding (MOU).

The companies announced the MOU yesterday (9 November) which was signed at Hithium’s headquarters in Xiamen, China. Hithium is one of just a few companies manufacturing lithium-ion batteries at scale that is focused on stationary energy storage rather than electric vehicles (EVs).

The agreement will see Hithium supply 1GWh of battery products to Perfect Power, which describes itself a developer focused on ‘distributed energy storage’ primarily in California and Texas, the US’ two largest markets for energy storage.

Distributed would include the smaller end of utility-scale projects, with Perfect Power having developed 9.9MW battery energy storage system (BESS) projects in Texas. That includes a 79.2MW portfolio sold last year to UK-based energy storage investor Gore Street Capital. Projects that size and under benefit from a faster grid interconnection process in Texas.

This article requires Premium SubscriptionBasic (FREE) Subscription

Enjoy 12 months of exclusive analysis

Not ready to commit yet?
  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Annual digital subscription to the PV Tech Power journal
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Hithium chairman Jeff Wu commented: “Cooperating with Perfect Power is an exciting step for us in the U.S., allowing us to support projects in two of the country’s largest energy markets, California and Texas. Through this collaborative endeavor, we aim to further the penetration and deployment of advanced energy storage products into the Net Zero transition in the US.”

This year saw Hithium launch in Europe as well as raise US$620 million in capital from investors in a Series C for capacity expansion, equipment purchases and research and development. At the RE+ clean energy expo and conference in Las Vegas in September it launched a 5MWh 20-foot containerised BESS product, one of a swathe of BESS providers to do so this year.

Perfect Power is a portfolio company of private equity firm SER Capital Partners. Perfect Power lists microgrid provider MicroGrid Networks and energy efficiency and renewable energy solutions firm Brightcore Energy as affiliate companies, the former of which was named at the MOU ceremony (picture above).

Read Next

October 3, 2025
EDF Renewables has brought its 300MWh Milagro project online in New Mexico, while Enlight Renewable Energy has secured US$340 million in tax equity financing for its 940MWh Roadrunner project in Arizona.
October 3, 2025
More than 30 stakeholder organisations in the US energy storage value chain have formed a new association to represent common interests.
October 2, 2025
Major US utility company Duke Energy has filed its biennial long-range energy modernisation plan for North and South Carolina, US. The plan includes a 5,600MW battery storage target.
October 1, 2025
Energy storage escaped much of the pain inflicted on solar in recent legislative changes in the US, but foreign entity restrictions may create some supply chain challenges, writes April Bonner.
October 1, 2025
In a recently published interview with Energy-Storage.news Premium, CEO and President of Prevalon Energy, Thomas Cornell, spoke about the global consequences of the budget reconciliation bill.

Most Popular

Email Newsletter