Uber Bets Big on Autonomous Vehicles with $10 Billion Commitment 
TSMC Posts Record Q1 Profit Fueled by AI Chip Demand 
Elliott Investment Takes ~3% Stake in Daikin, Pushes for Buybacks and Strategic Overhaul 
Greg Abel Sells Berkshire Hathaway Stocks Managed by Former Investment Manager Todd Combs 
NiSource Signs Long-Term Energy Deals with Alphabet and Amazon to Power Indiana Data Centers 
Hermès Q1 2026 Sales Miss Expectations Amid Iran War and China Slowdown 
Pentagon Taps Auto Giants to Supercharge U.S. Weapons Production 
Netflix Q2 Profit Warning Sends Shares Tumbling as Reed Hastings Exits 
How Technology Is Reshaping Modern Business: From Operations to Customer Experience 
Tesla's Terafab: AI Chip Factory Eyes Taiwan's Semiconductor Talent 
AEVEX Raises $320 Million in IPO Amid Surging Defense Sector Demand 
Japan to Subsidize Sony's Image Sensor Plant in Kumamoto with $380 Million 
Sam Altman Moves to Dismiss Punitive Damages in Sister's Sexual Abuse Lawsuit 
Apple Wins ITC Ruling, Keeping Blood-Oxygen Feature on Apple Watch 
Anthropic CEO Meets Trump Officials to Discuss Powerful New AI Model Mythos 
NVIDIA Acquisition Rumors Dismissed by Morgan Stanley as Strategically Flawed 
Japan Opens Arms Export Floodgates: New Policy Draws Global Defense Interest 
Indonesia's state utility, Perusahaan Listrik Negara (PLN), has joined forces with Coca-Cola Europacific Partners (CCEP) Indonesia in pursuing environmental sustainability. Through a Renewable Energy Certificate (REC) arrangement, the two companies have agreed upon a significant collaboration spanning 90 Gigawatt hours (GWh).
Solar Quarter reported that this momentous partnership was formalized by signing a Sale and Purchase Agreement, utilizing PLN's Green Energy As Services REC service. The agreement covers 90,211 units and is set to continue until 2025.
PLN offers a renewable energy certificate service, known as REC, which is internationally recognized and accessible for both industrial and household customers. This service enables users to claim their usage of renewable energy. One of the key beneficiaries of PLN's REC is CCEP Indonesia, which plans to utilize it to fulfill the energy requirements of its largest facility, the Bekasi 1 Factory.
PLN's REC Service
Edi Srimulyanti, PLN Retail and Commerce Director, emphasized that the collaboration reflects the commitment of both PLN and Coca-Cola to supporting the government's ambitious target of achieving Net Zero Emissions (NZE) by 2060. Customers, including CCEP Indonesia, will receive RECs from renewable energy generators.
PLN will distribute these certificates in three stages over the next three years. Edi highlighted the user-friendly nature of PLN's REC service, which simplifies the process for customers to claim their use of renewable energy.
Transparency, accountability, and international recognition are the hallmarks of this service, which has experienced a surge in demand since its introduction in 2020. By November 2023, over 300 corporate buyers had chosen PLN RECs, reflecting a more than tenfold growth.
Commitment Towards Energy Transition
Lucia Karina, Director of Public Affairs, Communications, and Sustainability at CCEP Indonesia, underscored the company's dedication to being at the forefront of energy transition in Indonesia. By leveraging PLN's REC, CCEP Indonesia aims to reduce its dependence on fossil fuel-based equipment in its factories and offices, setting a prominent example for others in the industry to follow suit.
Reuters reproed that PLN signed 14 agreements with various institutions during the COP28 climate summit last month to accelerate the transition to cleaner energy. These agreements encompass plans to develop renewable energy ecosystems, expedite the closure of coal power plants, and implement worker training programs. PLN remains steadfast in its commitment to ushering in a sustainable future.
Photo: niels mortensen/Unsplash
