Caterpillar Inc. (NYSE:CAT) today reiterated its commitment to Indonesia at the US-Indonesia Investment Summit. With President of the Republic of Indonesia Joko Widodo, in attendance, Caterpillar signed both a memorandum of understanding (MOU) and made an intention to invest that demonstrate its long-term commitment to the Indonesian market.

The MOU between Caterpillar, Fluidic Inc., a leading manufacturer of energy storage systems and PT Perusahaan Listrik Negara (PLN), Indonesia’s state-owned electricity company, will see the three companies provide reliable and renewable based electricity to 500 remote villages and islands, utilizing more than 35MWp of photovoltaic panels and in excess of 250MWh of energy storage.