Key Facts about Indonesia''s Energy Storage System
There have been talks with Tesla, with plans to invest in Indonesia''s Battery Energy Storage System sector. Tesla has an outstanding reputation in its production of
The agreement was made with other state-owned bodies, such as the Indonesian Battery Corporation, to build the Battery Energy Storage System by 2022. However, no information has yet been revealed about the Battery Energy Storage System's location or specific functions.
This ambitious initiative aims to strengthen the country's battery supply chain and promote the adoption of sustainable energy. The project is designed to support Indonesia's 2060 carbon neutrality goals by establishing a green, circular industrial development model.
Recognizing this opportunity, CATL has announced a groundbreaking initiative to support Indonesia's EV ecosystem through the Indonesia Battery Integration Project. This ambitious initiative aims to strengthen the country's battery supply chain and promote the adoption of sustainable energy.
Hyundai and LG will invest a total of Rp160tn ($9.8bn) in Indonesia's EV ecosystem in stages, he added. Investment minister Bahlil Lahadalia said the South Korean companies would begin constructing the second phase of the battery cell factory, which will have an annual production capacity of 20 gigawatt hours, with an investment of $2bn.
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