Expected ROI of flow battery system project in Indonesia 2026

Will Indonesia produce a lithium-ion battery by 2026?

Ginanjar revealed that the planned lithium-ion battery production capacity by 2026 is 8 gigawatts/hour (GWh), and it would be increased to 20 GWh by 2027. Currently, he continued, Indonesia already has important raw materials for lithium-ion battery production, such as precursors and cathodes.

Is Indonesia preparing to become an important player in battery industry?

Indonesia is preparing to become an important player in the global battery industry. Head of an Industry Ministry Team, Ginanjar M., revealed that the PT Indonesia Weda Bay Industrial Park (IWIP) in Central Halmahera Regency, North Maluku Province will begin its independent production of lithium-ion battery cells and raw materials.

Why is battery energy storage system important in Indonesia?

However, given the challenge of Indonesia’s geological landscape, with many off-grid and remote areas, there is growing intermittency issue that hamper the development of solar and wind generation. Hence, the battery energy storage system (BESS) technologies have a critical role in the development of Indonesia’s renewable energy.

When did PT HLI start producing EV batteries?

PT HLI's first EV battery cell factory began commercial production of EV batteries in April 2024. In the first phase, HLI applied US$1.1 billion of investment to reach a production capacity of 10 GWh, consisting of 32.6 million battery cells that can power approximately 150,000 EVs.

How much electricity storage is needed In 2035?

The need for storage increases from 2030 onwards with capex of electricity storage grows to around USD 82 billion in 2035 and further declines to USD 42 billion in 2050. Started in 2013, provides low-interest loan and ● repayment subsidies.