I AM-Kaitus Signs First ESS Supply Contract for Indonesia Market

IM announced on the 8th that its affiliate, Kaitus Technology, has signed a military ESS (Energy Storage System) supply contract worth 2 billion KRW for the Indonesian archipelago region.

Through this supply contract, Kaitus plans to accelerate its entry into the global ESS market, including Indonesia. Since this is the first supply to the Indonesian archipelago region, the company expects additional orders as it plans to expand to other areas.

The ESS being supplied this time will be used in military areas. As it is a military ESS, the explosion risk must be minimized, so Kaitus plans to equip it with LFP (Lithium Iron Phosphate) batteries or vanadium redox flow batteries, which have lower explosion risks, instead of the lithium-ion batteries used in existing ESS. Both batteries will undergo testing before the final decision is made.

LFP batteries are characterized by being cheaper and more stable compared to nickel-based ternary batteries. To reduce fire risks, the demand for LFP batteries has been increasing recently in the electric vehicle industry. Vanadium redox flow batteries have the advantage of circulating liquid electrolytes during charging and discharging, which reduces risks such as explosions and makes battery life and capacity expansion easier. They are mostly applied to large-capacity ESS or uninterruptible power supplies.

A company official stated, “In military areas where power supply is unstable, the demand for ESS and batteries is high, and at the same time, explosion risks must be minimized to ensure safety. Starting with the first order for Indonesia, we are actively collaborating with related companies such as those producing LFP batteries, so the possibility of additional orders is high.”

This content was produced with the assistance of AI translation services.