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A major new joint venture has been announced in Saudi Arabia’s renewable energy sector, as Hithium Energy Storage Technology Co., Ltd., a global leader in energy storage solutions, teams up with the Saudi-owned firm, MANAT. The partnership, unveiled at the Solar & Storage Live KSA event, will see the two companies work together under the banner of a new entity called Hithium MANAT. The venture aims to bolster the local energy storage market while establishing one of the first large-scale Battery Energy Storage System (BESS) manufacturing facilities in Saudi Arabia. The new plant, which will have a production capacity of…