HDF Energy signs deal for hydrogen power deployment in Indonesia

The project will integrate renewable energy with a battery storage system.

HDF Energy has signed a tripartite agreement for the rollout of hydrogen power projects in Indonesia.

In a statement, HDF Energy the memorandum of understanding was signed between with Indonesia's national electricity operator PLN, and the state-owned infrastructure financing company PT SMI.

This is one of six major partnerships formalised with French companies. The agreement aims to identify and implement innovative financing mechanisms to support the 23 Renewstable projects currently under development by HDF in Indonesia.

Renewstable power plants integrate intermittent renewable energy sources with on-site energy storage in the form of green hydrogen to generate clean, renewable, stable and baseload power 24/7. The excess green hydrogen produced can also be used to decarbonise regional maritime transport.

These projects have been included in the Indonesian government's recently launched national roadmap for hydrogen and ammonia, which positions hydrogen as a strategic pillar in the national energy mix, particularly for electricity generation.

HDF Energy said it also signed a second agreement with the Provincial Government of East Nusa Tenggara, reinforcing the Governor's confidence in HDF's projects and strengthening their deployment in this high-potential region.