Top Stories
Indonesia’s Pertamina, Electrum sign battery packs development deal
Global Banking & Finance Review®
Company
JAKARTA (Reuters) – Indonesia’s state energy company Pertamina said late on Monday it plans to develop battery packs for electric motorcycles with Electrum, a firm that aims to put millions of electric two-wheelers on the roads of the Southeast Asian country.
JAKARTA (Reuters) – Indonesia’s state energy company Pertamina said late on Monday it plans to develop battery packs for electric motorcycles with Electrum, a firm that aims to put millions of electric two-wheelers on the roads of the Southeast Asian country.
The agreement was signed during a groundbreaking ceremony for Electrum’s electric scooter plant on Friday, where the company, which is a joint venture between coal miner TBS Energi Utama and giant tech firm GoTo Gojek Tokopedia, aims to produce 250,000 units of electric scooters per year.
The planned battery packing facility run by Pertamina’s renewables unit and Electrum could cover a capacity of about 300 megawatts, Pertamina official Dicky Septriadi said.
Indonesia has the world’s largest reserves of nickel – a key element in electric vehicle (EV) batteries – and is keen to utilise the mineral to create a full supply chain for the industry.
(Reporting by Fransiska Nangoy, Bernadette Christina; Editing by Kanupriya Kapoor)
A battery pack is a collection of multiple battery cells that are connected together to provide a specific voltage and capacity for powering devices, such as electric motorcycles.
Electric motorcycles are two-wheeled vehicles powered by electric motors instead of internal combustion engines, offering a cleaner and more sustainable mode of transportation.
Nickel is a key component in lithium-ion batteries used in electric vehicles, enhancing energy density and battery performance.
A joint venture is a business arrangement where two or more parties agree to pool their resources for a specific project, sharing profits, losses, and control.
Renewable energy is energy generated from natural resources that are replenished naturally, such as solar, wind, and hydroelectric power, contributing to sustainability.
Explore more articles in the Top Stories category
