Jakarta, CNBC Indonesia – Communication between the Indonesian government and Tesla Inc, an electric car manufacturer listed on the Nasdaq Exchange with the ticker code TSLA is still ongoing. However, the communication made was not about discussing an investment plan for an electric car factory in the country.
The investment discussed is in the Energy Storage System (ESS). This was conveyed by the Deputy of Investment and Mining of the Coordinating Ministry for Maritime Affairs and Investment (Marves) Septian Hario Seto.
He said the ESS investment has been made by Tesla in Australia. This is a solution to replace the power plant with a system peaker, which is used when the demand for electricity is high.
“With Tesla they also saw the ESS they built in Australia. This is a solution but it is more directional to replace peaker plants,” he said at the Future Energy Tech and Innovation Forum 2021 event held by Katadata virtually, Monday, (08/03/2021 ).
Furthermore, Septian said that if the ESS Tesla investment in Australia was successful, they offered these options in Indonesia.
“They are successful in Australia, and they openly offer options to Indonesia. This is like our one discussion with Tesla,” he explained.
For information, this ESS is like a ‘power bank’ with large-scale gigantic batteries that can store hundreds of mega watts of electricity (MW). In addition, it can also be used as a stabilizer or as a replacement for peaker generators (peak load support).
One form is the Battery Energy Storage System (BESS). According to the ITB definition, BESS is widely used as a source of energy supply / storage both for mobile applications such as electric vehicles or for stationary applications such as telecommunications equipment, data centers, renewable energy power plants, and complex systems such as smart microgrids.
Previously, Tesla was rumored to be building its electric car factory in South India, Karnataka, in 2021. This has made the public in this country wonder whether it means that the company owned by Elon Musk has stopped its investment plans in Indonesia.
If you look at the initial explanation from the government, the electric vehicle battery acceleration team, even the State-Owned Enterprises (BUMN) which is part of the formation of Indonesia Battery Holding, namely PT Pertamina (Persero), Tesla is said to be still interested in investing in Indonesia, but in a different sector than investment plans in India.
If it is said that in India they will invest in an electric car factory, while in Indonesia it is reported that they are more interested in investing in energy storage systems (ESS) or like a giant ‘power bank’.
The news that Tesla came in had raised the shares of nickel issuers in the capital market. However, after the news of Tesla in India, nickel stocks fell.
On Monday’s trading (8/3), shares of nickel issuers were eroded. Shares of PT Aneka Tambang Tbk (ANTM), for example, closed minus 5.79% at Rp 2,280 / share and year to date rose 18%.
The shares of PT Vale Indonesia Tbk (INCO) also fell 6.21% at the position of IDR 4,830 / share and year to date minus 5.29%, likewise PT Timah Tbk (TINS) shares fell 5.29% at the level of IDR 1,790 / share although year to date up 21%.
Meanwhile, shares of PT Harum Energy Tbk (HRUM), which started to enter the nickel business, also fell 3.32% to Rp. 5,100 / share, although year to date it shot 71%.
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