The Saudi Arabia market is expected to grow at a CAGR of 15. In terms of segment, central pv inverter was the largest revenue generating product in 2023.
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Once fully operational, it will become the world's largest operational battery energy storage system (BESS), marking a new phase in renewable energy development across the Middle East region. The project spans three sites in southwestern Saudi Arabia—Najran, Khamis Mushait .
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HiTHIUM has secured a landmark contract from the Saudi Electricity Company (SEC) to provide large-scale battery energy storage systems in northern Saudi Arabia, according to the company's announcement on August 27.
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