PT Sarana Multi Infrastruktur (Persero) (PT SMI) has reaffirmed its commitment to accelerating the energy transition in Indonesia. PT SMI is exploring potential collaboration with PT Perusahaan Listrik Negara (Persero) (PT PLN) and HDF Energy. The Memorandum of Understanding (MoU) on exploring financing support related to the utilization of H₂ for electricity, which has been signed by the three parties, was announced directly in front of the President of the Republic of Indonesia, Prabowo Subianto, and the President of France, Emmanuel Macron, at the State Palace, Jakarta. President Director of PT SMI, Reynaldi Hermansjah, President Director of PT PLN, Darmawan Prasodjo, and Founder & CEO of HDF Energy, Damien Havard, who are the signatories of the MoU, were also present at the State Palace. The announcement of this MoU is one of a series of agendas during President Macron's bilateral visit to Indonesia.

Through this agreement, PT SMI is increasingly demonstrating its role in collaborating with various parties related to climate issues. "Today is a very important day for PT SMI, because our active role in the energy transition has received appreciation from President Prabowo and President Macron. This certainly makes us even more motivated to increase our collaborative spirit in helping to overcome the impacts of climate change. We are interested in exploring support for this project because of several aspects, namely, first, support for the implementation of new technology, namely H₂ in the energy transition aspect, then the project location is also in Eastern Indonesia which is our priority area and there is a need for blended finance," said Reynaldi Hermansjah, President Director of PT SMI. Through the newly signed MoU, PT SMI, PT PLN, and HDF Energy are ready to collaborate in developing H₂ on Sumba Island, East Nusa Tenggara.

This project will also place Indonesia at the forefront of the Asia Pacific region, in the development of clean energy based on fuel cell technology, utilizing HDF Energy's specialization in H₂-to-power technology. HDF Energy is a French company that develops and operates H₂ infrastructure, focusing on the development of power plants that can produce continuous electricity from renewable energy and megawatt-scale fuel cells.

This project is projected to reduce greenhouse gas (GHG) emissions by 711,946 tCO₂e over 25 years of operation or an average of 28,478 tCO₂e per year. In addition to environmental benefits, PT SMI also highlights the major benefits of this project, especially for the socio-economics of the surrounding community on Sumba Island. "This project will provide access to clean and stable energy for more than 10,000 households in Sumba, without negative impacts on the environment. Of course this will benefit the community in answering their electricity needs, for their daily activities. Moreover, this project will also accelerate local economic growth, because it supports the local agriculture and tourism sectors, and creates new jobs, with the absorption of more than 100 workers during the construction and operational period," added Reynaldi.

Until March 2025, PT SMI has financed 96 climate-related projects with a cumulative commitment of $2.26 B and a project value of $10.7 B. A total of 48 projects have been calculated and have resulted in avoided GHG potential of 4 MMt of CO₂-equivalent and carbon credit equivalent potential of $14 MM.