Household energy storage vietnam

Is a battery energy storage system coming to Vietnam?

15 October 2021 – Vietnam’s pilot utility-scale battery energy storage system [BESS] will soon take shape in Khanh Hoa Province after an agreement was signed today between AMI AC Renewables and the U.S. Consulate in Ho Chi Minh City to formalize a US$2,962,000 grant from the latter to develop the project.

Can battery energy storage systems stabilize Vietnam's grid?

Sunita Dubey and Hyunjung Lee share how Vietnam is leveraging Battery Energy Storage Systems to stabilize their grid and accelerate the energy transition.

Why should Vietnam invest in energy storage?

Vietnam’s innovations and recent developments in the energy sector emerge as an inspiration for the global drive towards a cleaner and more sustainable future. The nation’s strategic approach to energy storage exemplifies the significance of collaboration, blended financing, and aligning initiatives with national plans.

What is battery energy storage system (BESS)?

Battery Energy Storage Systems (BESS) play a pivotal role in addressing these challenges by minimising the intermittency of renewables, enhancing grid flexibility, and ensuring reliable power supply. In a significant development, Vietnam Electricity (EVN) has secured approval for its first pilot BESS project with a capacity of 50 MW/50MWh.

Is the Vietnam economy energy-intensive?

Given the fact that the Vietnam economy is claimed to be energy-intensive while facing the problem of electricity shortage, government policies should focus on enhancing the efficient use of energy and educating people’s awareness of energy saving and the benefits of micro-RES. No potential conflict of interest was reported by the author (s).

What is the current electricity supply in Vietnam?

The domestic electricity supply is currently dominated by coal-fired and fossil fuel-based thermal power plants which account for 59% of the whole system (Vietnam Electricity, 2021) and this figure is projected to slightly reduce to 57.3% by 2030 (Ministry of Commerce and Trade, 2019).