eLong Power enters cooperation agreement with CPA of Republic of Indonesia

Elong Power (ELPW) announced that it has entered into a strategic cooperation agreement with the Consumer Protection Agency of the Republic of Indonesia. 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 $1B in the construction of integrated solar-plus-storage off-grid power systems for residents of Indonesia’s islands and rural areas, with Elong Power to provide comprehensive solutions. BPKN will also formulate policies to support the large-scale application of lithium battery energy storage systems for green energy consumption, as well as the green electrification of Indonesia’s mining industry and the electrification of mining equipment, with Elong Power to provide technical support and product solutions. Additionally, Elong Power will assist BPKN in attracting advanced Chinese new energy companies to invest in Indonesia.