Archive: 18 August 2024
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Sun, 18 Aug 2024, 15:02 WIB
Indonesia requires US$25.2 billion in private investment for green hydrogen development by 2060
Indonesia's Ministry of Investment has outlined plans requiring US$25.2 billion in private sector funding to develop green hydrogen capacity by 2060, with state-owned Pertamina already committing US$11 billion to support the nation's green energy transition. A major US$1.2 billion collaborative project between GGGI, Samsung, and Hyundai in North Sumatra is underway, positioning hydrogen as a critical sustainable fuel and energy storage solution to mitigate industrial energy crises whilst achievi