Indonesia’s Consumer Protection Agency and Elong Power Enter into Strategic Cooperation Agreement
Elong Power (NASDAQ:ELPW) has signed a strategic cooperation agreement with Indonesia's Consumer Protection Agency (BPKN) to address electricity access challenges and promote new energy development in Indonesia. Under the agreement, BPKN plans to invest at least $1 billion in integrated solar-plus-storage off-grid power systems for Indonesia's islands and rural areas.
The partnership includes BPKN's commitment to support lithium battery energy storage systems implementation and green electrification of Indonesia's mining sector, with Elong Power providing technical support and solutions. Additionally, Elong Power will help attract Chinese new energy companies to invest in Indonesia. However, the agreement is non-binding and does not guarantee purchase orders.
Elong Power (NASDAQ:ELPW) ha firmato un accordo di cooperazione strategica con l'Agenzia per la Protezione dei Consumatori dell'Indonesia (BPKN) per affrontare le sfide legate all'accesso all'elettricità e promuovere lo sviluppo delle energie rinnovabili nel paese. Secondo l'accordo, BPKN prevede di investire almeno 1 miliardo di dollari in sistemi integrati di energia solare con accumulo off-grid per le isole e le aree rurali dell'Indonesia.
La collaborazione include l'impegno di BPKN a supportare l'implementazione di sistemi di accumulo energetico a batteria al litio e l'elettrificazione verde del settore minerario indonesiano, con Elong Power che fornirà supporto tecnico e soluzioni. Inoltre, Elong Power contribuirà ad attrarre aziende cinesi del settore delle energie rinnovabili a investire in Indonesia. Tuttavia, l'accordo non è vincolante e non garantisce ordini di acquisto.
Elong Power (NASDAQ:ELPW) ha firmado un acuerdo de cooperación estratégica con la Agencia de Protección al Consumidor de Indonesia (BPKN) para abordar los desafíos de acceso a la electricidad y promover el desarrollo de nuevas energías en Indonesia. Según el acuerdo, BPKN planea invertir al menos 1.000 millones de dólares en sistemas integrados de energía solar con almacenamiento fuera de la red para las islas y zonas rurales de Indonesia.
La asociación incluye el compromiso de BPKN de apoyar la implementación de sistemas de almacenamiento de energía con baterías de litio y la electrificación verde del sector minero indonesio, con Elong Power proporcionando soporte técnico y soluciones. Además, Elong Power ayudará a atraer a empresas chinas de nuevas energías para invertir en Indonesia. Sin embargo, el acuerdo no es vinculante y no garantiza órdenes de compra.
Elong Power (NASDAQ:ELPW)는 인도네시아 소비자 보호 기관(BPKN)과 전략적 협력 계약을 체결하여 전력 접근성 문제를 해결하고 인도네시아의 신재생 에너지 개발을 촉진하기로 했습니다. 이 계약에 따라 BPKN은 인도네시아의 섬과 농촌 지역을 위한 통합 태양광 및 저장 오프그리드 전력 시스템에 최소 10억 달러를 투자할 계획입니다.
이 파트너십에는 리튬 배터리 에너지 저장 시스템 도입과 인도네시아 광산업의 친환경 전력화 지원에 대한 BPKN의 약속이 포함되며, Elong Power는 기술 지원과 솔루션을 제공합니다. 또한 Elong Power는 중국 신재생 에너지 기업들이 인도네시아에 투자하도록 돕습니다. 다만, 이 계약은 구속력이 없으며 구매 주문을 보장하지는 않습니다.
Elong Power (NASDAQ:ELPW) a signé un accord de coopération stratégique avec l'Agence de protection des consommateurs d'Indonésie (BPKN) pour relever les défis liés à l'accès à l'électricité et promouvoir le développement des nouvelles énergies en Indonésie. Dans le cadre de cet accord, BPKN prévoit d'investir au moins 1 milliard de dollars dans des systèmes intégrés d'énergie solaire avec stockage hors réseau pour les îles et les zones rurales indonésiennes.
Le partenariat comprend l'engagement de BPKN à soutenir la mise en œuvre de systèmes de stockage d'énergie par batterie lithium et l'électrification verte du secteur minier indonésien, avec Elong Power fournissant un soutien technique et des solutions. De plus, Elong Power aidera à attirer des entreprises chinoises des nouvelles énergies à investir en Indonésie. Cependant, l'accord n'est pas contraignant et ne garantit pas de commandes d'achat.
Elong Power (NASDAQ:ELPW) hat eine strategische Kooperationsvereinbarung mit der indonesischen Verbraucherzentrale (BPKN) unterzeichnet, um Herausforderungen beim Zugang zu Strom zu bewältigen und die Entwicklung neuer Energien in Indonesien zu fördern. Im Rahmen der Vereinbarung plant BPKN, mindestens 1 Milliarde US-Dollar in integrierte Solar-Plus-Speicher-Off-Grid-Stromsysteme für die Inseln und ländlichen Gebiete Indonesiens zu investieren.
Die Partnerschaft umfasst das Engagement von BPKN zur Unterstützung der Implementierung von Lithium-Batterie-Energiespeichersystemen und der grünen Elektrifizierung des indonesischen Bergbausektors, wobei Elong Power technische Unterstützung und Lösungen bereitstellt. Darüber hinaus wird Elong Power chinesische Unternehmen im Bereich neuer Energien dabei unterstützen, in Indonesien zu investieren. Die Vereinbarung ist jedoch unverbindlich und garantiert keine Kaufaufträge.
- Potential $1 billion investment commitment from Indonesian government agency
- Strategic entry into Indonesian market for solar and energy storage solutions
- Opportunity to expand into mining sector electrification
- Role as facilitator for Chinese energy companies' investments in Indonesia
- Agreement is non-binding with no guaranteed purchase orders
- Success depends on future government policy implementation
- Significant investment required for market development
Insights
Elong Power's strategic agreement with Indonesia's BPKN signals potential $1B market opportunity, though no binding purchase commitments exist yet.
This strategic cooperation agreement between Elong Power and Indonesia's Consumer Protection Agency (BPKN) represents a potential major market opportunity for the Nasdaq-listed battery and energy storage company. The agreement outlines BPKN's intent to coordinate at least $1 billion in investments for off-grid power systems across Indonesia's islands and rural areas, with Elong Power positioned as the solutions provider.
The agreement strategically targets Indonesia's geographical challenges - with over 17,000 islands, many lacking reliable electricity infrastructure. Off-grid solar-plus-storage systems represent the most economical electrification approach for these dispersed communities versus traditional grid extension.
Two additional components enhance the potential value: BPKN's commitment to formulate supportive policies for lithium battery storage systems in both green energy applications and mining electrification, plus Elong Power's role in attracting Chinese new energy companies to Indonesia.
However, investors should note the explicit caveats in the announcement. This agreement establishes cooperation intent but doesn't constitute binding purchase commitments. The release specifically states "there can be no assurance that the strategic cooperation will result in binding purchase orders." While the $1 billion figure creates headline appeal, the materialization timeline and Elong Power's revenue capture remain undefined. The agreement represents potential rather than secured future earnings.
Beijing, China, July 08, 2025 (GLOBE NEWSWIRE) -- Elong Power Holding Limited (“Elong Power” or the “Company”) (Nasdaq: ELPW), a Nasdaq-listed company engaged in both high-power battery and energy storage system sectors, today announced that it has entered into a strategic cooperation agreement with the Consumer Protection Agency of the Republic of Indonesia (BPKN). The agreement aims to address electricity access issues in Indonesia and promote the development of the country’s new energy industry. The agreement manifests the intent of the parties to cooperate on power systems, but it does not constitute a binding commitment for the purchase of products or services.
Under the agreement, BPKN will coordinate with relevant national agencies to invest no less than US
This strategic cooperation represents a significant milestone in Elong Power's global expansion strategy and underscores its commitment to fostering sustainable development in emerging markets. The collaboration is projected to catalyze the growth of Indonesia's new energy sector. However, there can be no assurance that the strategic cooperation will result in binding purchase orders for Elong Power.
About Elong Power
Elong Power Holding Limited, a Cayman Islands exempted company, is committed to the research and development, manufacturing, sales and service of high-power lithium-ion batteries for electric vehicles and construction machinery, as well as large-capacity, long-cycle lithium-ion batteries for energy storage systems. Elong Power is led by Ms. Xiaodan Liu, Elong Power’s Chairwoman and CEO.
Elong Power has a comprehensive product and technology system that includes battery cells, modules, system integration, and battery management system development, based on high-power lithium-ion batteries and battery system products for long-cycle energy storage devices. Elong Power offers advanced energy applications and full life cycle services. Its product portfolio includes products utilizing lithium manganese oxide and lithium iron phosphate, among others, to meet the needs of high-power applications and energy storage applications in various scenarios.
Forward-looking Statements
This press release may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements regarding the benefits of the transaction, the anticipated timing of the transaction, the products offered by Elong Power and the markets in which it operates, and Elong Power’s projected future results. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this document, including, but not limited to: whether the strategic cooperation with BPKN generates binding purchase orders for Elong Power’s products or services; changes in economic, political or business conditions in Indonesia generally or in its electrical power industry; the ability of Elong Power to maintain the listing of its securities on Nasdaq; the fact that the price of Elong Power’s securities may be volatile due to a variety of factors, including changes in the competitive and highly regulated industries in which Elong Power operates; variations in performance across competitors; changes in laws and regulations affecting Elong Power’s business and changes in its capital structure; the ability to implement business plans, meet forecasts and other expectations; its need for substantial additional funds; the parties’ dependence on third-party suppliers; risks relating to the results of research and development activities, market and other conditions; its ability to attract, integrate, and retain key personnel; risks related to its growth strategy; risks related to patent and intellectual property matters; and the ability to obtain, perform under and maintain financing and strategic agreements and relationships. Accordingly, these forward-looking statements do not constitute guarantees of future performance, and you are cautioned not to place undue reliance on these forward-looking statements. Risks regarding Elong Power’s business are described in detail in Elong Power’s SEC filings which are available on the SEC’s website at www.sec.gov, including in Elong Power’s Shell Company Report on Form 20-F and Elong Power’s subsequent filings with the SEC. These forward-looking statements speak only as of the date hereof, and Elong Power expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations or any changes in events, conditions, or circumstances on which any such statement is based, except as required by law.
Elong Power Investor Contact
ir@elongpower.com
FAQ
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