Overview and

Research Examples
For PLN

Porlin Hemnusornnanon

October 2022
Contents

• Context

• About BNEF

• Commercial Option

• Appendix: BNEF Solution Overview and Research Examples

1
Context BloombergNEF (BNEF) have compiled this deck following a
recent discussion between Pak Darmawan Prasodjo (PLN’s
PLN-BNEF background CEO) and Mr. Jon Moore (BNEF’s CEO).

Founded in 2004, BNEF is a specialist research firm working

with companies and policymakers to identify opportunities in
the transition to a low-carbon economy across power,
transportation and materials.

As PLN positions its strategy and portfolio to achieve its

energy transition target and to encourage national economic
growth, BNEF is well placed to assist PLN leadership and
staff across various topics of interest. BNEF’s purpose in
partnering with PLN is to support PLN’s strategic transition
journey and its talent development efforts to build new
capabilities and knowledge at all levels of the organization.

In this proposal, BNEF is offering to provide a ‘pilot program’

and flexible access to PLN staff. BNEF experts deliver
dedicated briefings for PLN including 350 upper management
and stakeholders.

BNEF’s team look forward to partnering with PLN on the

exciting journey ahead.

2
 About BNEF

3
BNEF
coverage
Strategies for a cleaner,
more competitive future

Source: BloombergNEF

4
BNEF
features

• Primary research and forecasts • Summits • Analyst access

From quick commentary and short- term views Premier invitation-only forums connecting Specialists ready to answer your research
to deep analysis and long-term forecasts, leaders in London, Munich, New Delhi, questions on any sector, market or technology.
covering all areas of BNEF expertise. New York, San Francisco, and Shanghai.

• News • Data, models and tools • Briefings and webinars

A tailored daily feed fromBloomberg News A rich suite of analytical tools and proprietary Roundtables and live webinars focused on
Bureaus in 120+ countries, directly in your models, supported by Bloomberg’s cross-cutting industry and regional topics.
inbox or mobile app. unparalleled data capabilities.

5
 The BNEF Summit has been convening leaders in energy, industry,
transport, technology, finance and government since 2008, generating
ideas, delivering insight, and making the connections that help them
formulate successful strategies, capitalize on technological change and
shape a cleaner, more competitive future.

BNEF Summit
London New York
Energy | Finance | Technology Energy | Finance | Technology
October 11-12, 2022 (Hybrid) April 24-25, 2023 (Hybrid)

Munich San Francisco

Automotive | Manufacturing | Energy Automotive | Energy | Technology
June 13, 2023 (Hybrid) January 30-31, 2023 (Hybrid)

New Delhi Shanghai

Energy | Transport | Government Energy | Industry | Transport
June 22, 2022 (Hybrid) November 29-30, 2022 (Format pending)
about.bnef.com/summit
@BloombergNEF
Bali
#BNEFSummit Energy | Industry | Finance
Nov 12, 2022 (Hybrid)

6
Community
Our focus is on generating ideas, delivering insight, and making the connections that
help formulate successful strategies, capitalize on technological change and shape a
cleaner, more competitive future.

#BNEF Summit

7
 BNEF for the C-Suite
Energy and mobility is in transition. Organizations are in transition.
BNEF drives value through all levels of your organization.

• Align and challenge thinking among your

leadership team via tailored briefings and
• Join global leaders by invitation only to gain ideas, share Executive interactive sessions
insights, and make connections Team
• San Francisco, New York, Munich, New Delhi, London, Shanghai, Bali Briefings

BNEF Board • Build knowledge and enhance awareness among

Summits Briefings your Board of Directors through tailored sessions

CEO
• Meet peers across BNEF’s global client community
in facilitated discussions on your biggest questions
Quarterly
Round • Among BNEF’s 100s of quarterly publications,
Signposts
Tables Signposts gives you the must-know global trends
Note
and new insights of the quarter

BNEF App
on your
• Read the latest tailored news and insights on-the- iPad
go with the BNEF Client App /mobile

8
The BNEF website and mobile app
Invest in your people

BNEF.com at the fingertips of your work force: PLN employees can read and share on-
comprehensive library for research, data, tools and the-go, wherever you are, on BNEF App for
models iPad / mobile

9
BNEF Research for Energy transition
opportunities and challenges in power
Generation Markets / trading Networks Customers / solutions

● Renewables development ● Changing power and gas ● Integration of renewables and ● Demand-side and
and growth market economics distributed resources decentralized opportunities
● Energy storage and flexibility ● Impact of renewables and ● Digitalization of networks ● C&I energy services
● Fuel switching and role of gas storage ● Regulatory innovation ● Retail liberalization,
● Market design, revenue ● Role / impact of LNG ● Evolution of interconnection competition and strategies
models and PPAs ● Merchant renewables, power and transmission planning ● EV growth and infrastructure
● Coal and nuclear: economics price evolution and ● Transmission and distribution-● Heating and cooling solutions
and retirements cannibalization level flexibility ● Changing demand trends and
profiles

Cross-cutting opportunities and issues

● Utility digitalization: technologies, applications and strategies
● Liberalization and new entrants
● Transition strategies of utilities and oil and gas companies
● Evolving policy / regulatory landscape; market design and
reform
● M&A and strategic partnerships
● Market entry opportunities (geographical / new business lines)
● Innovation and new business models
● Decarbonization beyond power: hydrogen, sector coupling,
transport, buildings and industry

10
BNEF Research Key Coverage Elements
Technology and costs
● Price surveys and indexes
● Bottom-up cost analysis
● Manufacturing and materials
● Technology trends
● Asset performance and digitalization
● Life-cycle emissions and recycling
Country transitions and policy
● Global policy, regulatory and market-
design analysis
● Country approaches to energy transition
● Infrastructure investments to integrate
renewable energy
● Climate adaptation and resilience
● Impact of electrification
11
Economics and business models
● Levelized costs of electricity and capacity
● Asset valuation for generation and storage
● Auction and tender analysis
● Analysis of revenue models
● Power system economics (NEO)
● Coal and nuclear retirement monitor
Strategy and competitive landscape
● Company rankings, profiles and comparisons
● Bankability and tiering of suppliers
● Investment, M&A and partnership strategies
● Market share and value-chain analysis
● Business model comparisons
● Energy company transition strategies
Forecasts
● Medium-term forecasts for key sectors:
– Wind, solar, energy storage, electric
vehicles, demand-side technologies
● Long-term forecasts:
– Global power sector (NEO)
– Global EV and road transport (EVO)
– Global LNG Outlook (GLO)
● Power and gas market outlooks
Data sets & tools
● Technology and O&M costs
● Power and fuel pricing
● Generation and storage assets
● Company data, investment and M&A
● Country profiles and country data tools
● Power purchase agreements
Commercial
Option

12
Pilot Engagement proposal for PLN
Commercials proposed: USD 538,000 * one-year initial term of engagement.
• Knowledge sharing series**
BNEF provides 100s of sharing sessions around the world each year. These range from small-scale sessions tailored to selected senior management to
multi-day programs for 100s of members of a company.
1. BNEF Analyst Day for PLN upper management and leadership
One day sharing sessions program consist of various topics dedicated for PLN Leaders. The program to be designed together wit h PLN team.

2. 4 knowledge sharing sessions in one year available for all PLN colleagues
Topic examples:
• Decarbonization pathways: getting on track for net zero
• Renewable power: current trends and future opportunities
• Levelized Cost of Electricity (LCOE) and power sector competition
• Grid Systems of the future
• Utilities Transition Scores – Why they matter?
• Electric vehicle charging infrastructure – what works?
Topics can be changed over the course of the program to support the client’s strategy and business planning. See more topic suggestions next slide.

• Full BNEF reading access to ALL PLN colleagues to support live session interactions
Complete access to BNEF publications and underlying research analyses and tools on clean energy, commodities, battery supply chain, advanced
transport, digital industry and innovation.

* Prices above are quoted for 2022 and do not include local tax as applicable. Prices will increase on January 1st, 2023. This price normally provides support to a target group of only 50 individuals.
13 This package is a pilot for that plus expanded all-access across PLN leadership and departments.
** Sharing sessions can be provided virtually or in person, case by case.
 Sample topics for BNEF sharing session

Decarbonization pathways: Getting on track for net zero

ASEAN Electric Vehicle Outlook

Electric Vehicles and Intelligent Mobility

Battery Technologies and Energy Storage: Understanding and Driving the Opportunity

Energy Transitions and the Role of Clean Energy

Renewable power: current trends and future opportunities

Carbon Markets 101

Hydrogen and CCUS: Hype or reality? Where is the opportunity?

Policies to Reach Net-Zero: The G-20 scoreboard

Sustainable finance and corporate ESG strategy

Corporate Net-zero Strategies and Carbon Offset Outlook

Energy Digitalization Progress and Strategy: Company Ranking

14
Appendix

15
BNEF Solution
Overview &
Research Example

16
Research coverage: Solar
PV modules PV policy and build
• Tier 1 PV Module Maker list (quarterly)
and module bankability report
(annually)
• Trade war coverage
• Third party data on Chinese PV
exports, by company and country, and
U.S. PV imports (monthly)
• Price of solar components (weekly)
• Manufacturing capacity and margins
across the supply chain, supply curve
for polysilicon
• Company fundamental data, Altman-Z
scores, financials
Technology and price
• Major incentive plans • Annual module efficiency survey
• Auctions, and how the prices may be • Quarterly updates on manufacturing
achievable developments
• Commercial power purchase agreements • Inverters, monitoring
and unsubsidised demand • Self consumption of solar electricity from
• Short-term installation forecasts for 121 rooftop systems
countries • Solar inputs to biannual LCOE report
• Annual PV O&M price survey
Interactions • Coming in 2020: Solar Project Performance
Analysis
• Solar and storage synergies
• Realized power prices
• Co-located wind and solar plants

Solar Prices and Shipments Monthly Monthly

Tools for you
• Solar Capacity Factor Tool Global PV Market Outlook Quarterly
• Energy Consumption Optimization LCOE update including solar inputs Bi-annually
Model
Regular
• Energy Project Valuation Model Solar O&M Index
publications
• Co-located Wind and Solar Model Solar Manufacturing Efficiency Study
Annually
Solar Portfolio Hunters

Module Bankability Survey

17
Research coverage: Wind
Current research, Planned 1H 2022 Policy
• 25-Fold Growth: EU Plans for Offshore Wind Supremacy (w | t)
Data & tools • Offshore Wind: Next Phase Markets in the U.S. (w | t)
38,446 (1,500GW) wind projects*, daily • The Offshore Wind Auction Boom (w | t)
• Wind Capacity Factor Tool (w | t) • Mitsubishi Paves the Way to Cheaper Japan Offshore Wind (w | t)
• Energy Project Valuation Model (w | t) • Offshore Wind Localization
• Turbine Market Shares (w | t) • Lease Auction Analysis (Scotwind, NY Bight)
• Wind Turbine Contracts (w | t)
• Company Peer Comparison Wind (w | t)
Tech
• Global Wind Supply Chain Footprint (w | t)
• Wind & Solar Secondary Market Investors, annual (w | t)
• 35MW Wind Turbines to Lower Material Demand (w | t)
New-build • Offshore Wind Digitalization
• Wind Turbine Price Index, biannual (w | t)
Operations
• Turbine OEM Market Shares, annual (w | t)
• O&M price index, biannual (w | t)
• Tomorrow’s Cost of Offshore Wind (w | t)
• Portfolio hunters (acquisitions), annual (w | t)
• Tomorrow’s Cost of Floating Wind (w | t) Market Outlooks
• Offshore Wind Farms: A Guide to Servicing (w | t)
• Offshore Wind Developer Ranking • Onshore, biannual (w | t)
• Repower or Life Extend: Wind's Retirement Plan (w | t)
• Equity Returns on Onshore Wind • Offshore, biannual (w | t)
• Floating Offshore Wind Servicing
Note: *As of July 1, 2021. (w | t) – (web | terminal). See bnef.com/core/sector/wind

18
Research coverage: Decentralized energy
Demand-side opportunities
• Platforms for aggregating demand-side
flexibility
• Virtual power plants, distributed energy
resource management systems
• Uptake of distributed energy technologies
• Company strategies and business models
• Energy as a service
• Retail supply, services and competition
• Tariff innovation
• Policy, regulatory approaches and impacts
Recurring
publications
19
Q4 2016
Energy storage
• Energy storage versus gas peakers
• Co-located renewable energy plus storage
• Ancillary service opportunities
• Residential energy storage
• Commercial and industrial storage
• Company strategies and business models
• Intersection with electric vehicle market
• Policy, regulatory approaches and impacts
• Technology and costs
• Policy and consumer backup power
approaches
Decentralized Energy Strategy Trends
Decentralized Energy Market Outlook
Energy Storage Market Outlook
New Energy Outlook
Company profiles and rankings
Power systems & networks
• Impact of decentralization on future grid
infrastructure and investment
• Non-wires alternatives
• Technical integration challenges
• Network integration of renewables
• EV integration, infrastructure & approaches
• Market design and regulatory frameworks
• Country flexibility rankings
• Climate adaptation
Quarterly
Semi-annually
Annual
Research coverage: Batteries and Energy storage
Manufacturing and new
Lithium-ion batteries Metals and mining
technologies
• Costs, pricing, supply and demand • Supply and demand: lithium, nickel, • Manufacturer market shares
• Supply chain, mining and cobalt, graphite • Regional positioning and country
manufacturing • Market pricing, cost curves and rankings
• Manufacturer market shares forward pricing • Trade and policy impacts
• Company positioning and strategies • Sustainability and ethical practices • Next-generation lithium technologies,
• Chemistry developments and • Company strategies and financing adoption and industry disruption
chemistry mix forecasts • New mining and refining technologies • Industry-related carbon emissions
• End-of-life treatment and • Regional dynamics and competition • Non-lithium storage technologies
considerations
• Intersection with the stationary storage
market and EVs

Battery Price Survey

Recurring Tier List: Battery Providers

Annual
publications Lithium-Ion Battery Primer
Next-Generation Lithium Batteries

Recycling and Second-Life

Other areas of Semi-
coverage Non-Lithium Storage Technologies annually

Q4 2016

20
Research coverage: Electrified Transport
Electric vehicles
● Models, availability, sales and
market shares
● Supply chain
● Vehicle economics
● Company strategies
● Policy, regulatory impacts and
outlook
● Commercial EVs and fleet
economics
● Short to long term EV adoption
forecasts
● Fuel-cell vehicles
● Mild-electrification, light
weighting and other fuel
efficiency technologies
Source: BloombergNEF.
21
Electric vehicle
batteries
● Costs, pricing, supply and
demand
● Market shares
● Company strategies and
business models
● Manufacturing trends
● Competing chemistries and
emerging technologies
● Intersection with stationary
storage market
● Long-term outlook
Infrastructure and grid
integration
● EV charging infrastructure
value chain, economics and
business models
● EV grid integration and power
system impacts
● Second-life battery
applications
● Utility, oil and gas company
activity and strategies
● Hydrogen refueling
infrastructure
● Impact on energy markets
Datasets
● Passenger EV sales/model
availability trackers (global)
● Automaker passenger EV
strategy tracker (global)
● Public EV charging
deployment tracker (global)
● National, regional and
municipal policy database
(global)
● China NEV mandate
compliance tracker
● Battery manufacturing
database (global)
● BNEF EV adoption and
impacts outlook (global)
 Advanced Transport Sector Page: here
Research examples: Electric Vehicle
Click on hyperlinks to go the relevant report/exec summary

Economics, Prices, Policies Demand-side

• Electrified Transport Market Outlook • Long-Term Electric Vehicle Outlook

• When Will EVs Be Cheaper Than Conventional Vehicles? • Southeast Asia Road Transport Electrification Outlook

• Hitting the EV Inflection Point in Europe • The Lifecycle Emissions of Electric Vehicles

• Vehicle Total Cost of Ownership Model (TCOM 1.1.0)

• G-20 Zero-Carbon Policy Scoreboard 2022: Road Transport

Charging Infrastructure Company Coverage

• Global EV Public Charging Update: Fast Chargers Shine • VW's 'Power Day': The Impacts

• Electric Vehicle Usage Analysis • Tesla's Battery Day: The Impacts

• Get Paid to Charge with Vehicle-to-Grid • Volkswagen's Plan to Bridge the Tesla Charging Gap

• Charging Infrastructure Forecast Model (CIFM 2.0)

22 April 2022
Research coverage: Sustainability

23 April 2022
 Sustainability Sector Page: Click here
Research examples: Sustainability
Click on hyperlinks to go the relevant report/exec summary

Net-Zero and Targets Carbon Offsets, Climate policy

• Corporate Net-Zero State of Play: Key Trends • Long-Term Carbon Offsets Outlook

• Corporate Net-Zero Targets Primer: Jump on the Bandwagon • Article 6: Friend or Foe for Voluntary Carbon Markets?

• Corporate Net-Zero Assessment Tool • Voluntary Carbon Offsets, The Next Great Commodity
Market
• Science-Based Targets Data Tool (1.5.0)
• Climate Policy Factbook: COP26 Edition
• RE100 Data Viewer
• G-20 Zero-Carbon Policy Scoreboard - Issue 2022
Sustainable Finance
BNEF Transition Scores
• Four Trends Shaping the Momentum in Sustainable Finance
• BNEF Utilities Transition Scores: Results & Analysis
• EU Taxonomy: How to Prepare Your Reporting
• BNEF Oil and Gas Transition Scores: Leaders and Laggards
• Climate Transition for Financials: The Buy Side
• BNEF Metals & Mining Transition Scores: Results & Analysis
• Sustainable Finance Market Outlook
• Assessing Company Transition Risk

24 April 2022
Research coverage: Commodities
Oil and Chemicals
• Oil and Chemical market analysis for the
understanding for the key drivers of oil prices
and market fundamentals in the short-terms
from weekly reports and short publication
• Long-term outlooks for strategic insights and
investment
• Gain insights on the important issues and
themes shaping the outlook for oil demand,
supply, prices and trade flows.
• Petrochemical markets outlooks
• Renewable Fuels – understand
fundamentals, demands, supply and policy
and targets
• Data & Tools - Proprietary data, tools and
analytics covering a plethora of oil market
needs
25 April 2022
Q4 2016
Gas and LNG
• Encompass all key market drivers – from
supply, contract and pricing, strategies and
technology, balance and trade flow to demand
• Supply and Demand for Global LNG, country
and regional gas demand outlooks – China,
Japan, Korea, India, South Asia, Southeast Asia,
Europe
• Seasonal Gas Outlook – Summer and Winter
outlooks
• Monthly updates - import/exports, trade flows,
shipping, weather, forecast, and more
• Weekly & daily updates – LNG Trade Weekly,
EU Power and Gas, US storage estimates
• Databases & Tools: Global LNG netback
calculator, EU & North Asia fuel-switching
calculators, global LNG import/export project
database, LNG contracts database, and more
Metal and Mining
• Coverage by commodity:
Base Metals: Copper, Nickel, Aluminium,
Minor Metals: Lithium, Cobalt, Manganese,
PGMs
Minerals: Rare Earths, Graphite
Ferrous Metals: Iron, Steel, Coking Coal
Demand: Battery chemicals and metal powders
• Supply and Demand forecasting, cost modelling
and price projections, market shares, pricing data,
short-term market updates
• Long-term market outlooks
• Company Strategies and Business model
• Future technology evolution impact on demand
• National mineral policies and critical mineral
resource security
• Decarbonizing battery and EV embodied
material emissions
• Ethical supply chain tracking
• Recycling and secondary metals
• Low carbon base metals refining
Copyright and disclaimer
Copyright
© Bloomberg Finance L.P. 2022. This publication is the copyright of Bloomberg Finance L.P. in connection with BloombergNEF. No portion of this document may be
photocopied, reproduced, scanned into an electronic system or transmitted, forwarded or distributed in any way without prior consent of BloombergNEF.
Disclaimer
The BloombergNEF ("BNEF"), service/information is derived from selected public sources. Bloomberg Finance L.P. and its affiliates, in providing the
service/information, believe that the information it uses comes from reliable sources, but do not guarantee the accuracy or completeness of this information, which is
subject to change without notice, and nothing in this document shall be construed as such a guarantee. The statements in this service/document reflect the current
judgment of the authors of the relevant articles or features, and do not necessarily reflect the opinion of Bloomberg Finance L.P., Bloomberg L.P. or any of their
affiliates (“Bloomberg”). Bloomberg disclaims any liability arising from use of this document, its contents and/or this service. Nothing herein shall constitute or be
construed as an offering of financial instruments or as investment advice or recommendations by Bloomberg of an investment or other strategy (e.g., whether or not
to “buy”, “sell”, or “hold” an investment). The information available through this service is not based on consideration of a subscriber’s individual circumstances and
should not be considered as information sufficient upon which to base an investment decision. You should determine on your own whether you agree with the
content. This service should not be construed as tax or accounting advice or as a service designed to facilitate any subscriber’s compliance with its tax, accounting or
other legal obligations. Employees involved in this service may hold positions in the companies mentioned in the services/information.
The data included in these materials are for illustrative purposes only. The BLOOMBERG TERMINAL service and Bloomberg data products (the “Services”) are
owned and distributed by Bloomberg Finance L.P. (“BFLP”) except (i) in Argentina, Australia and certain jurisdictions in the Pacific islands, Bermuda, China, India,
Japan, Korea and New Zealand, where Bloomberg L.P. and its subsidiaries (“BLP”) distribute these products, and (ii) in Singapore and the jurisdictions serviced by
Bloomberg’s Singapore office, where a subsidiary of BFLP distributes these products. BLP provides BFLP and its subsidiaries with global marketing and operational
support and service. Certain features, functions, products and services are available only to sophisticated investors and only where permitted. BFLP, BLP and their
affiliates do not guarantee the accuracy of prices or other information in the Services. Nothing in the Services shall constitute or be construed as an offering of
financial instruments by BFLP, BLP or their affiliates, or as investment advice or recommendations by BFLP, BLP or their affiliates of an investment strategy or
whether or not to “buy”, “sell” or “hold” an investment. Information available via the Services should not be considered as information sufficient upon which to base an
investment decision. The following are trademarks and service marks of BFLP, a Delaware limited partnership, or its subsidiaries: BLOOMBERG, BLOOMBERG
ANYWHERE, BLOOMBERG MARKETS, BLOOMBERG NEWS, BLOOMBERG PROFESSIONAL, BLOOMBERG TERMINAL and BLOOMBERG.COM. Absence of
any trademark or service mark from this list does not waive Bloomberg’s intellectual property rights in that name, mark or logo. All rights reserved. © 2021 Bloomberg.

26
BloombergNEF (BNEF) is a strategic
research provider covering global commodity
markets and the disruptive technologies
driving the transition to a low-carbon
economy.

Our expert coverage assesses pathways for

the power, transport, industry, buildings and
agriculture sectors to adapt to the energy
transition.

We help commodity trading, corporate

strategy, finance and policy professionals
navigate change and generate opportunities.

Client enquiries:
Bloomberg Terminal: press <Help> key twice
Email: support.bnef@bloomberg.net

Learn more:
about.bnef.com | @BloombergNEF