A battery energy storage system (BESS) will be retrofitted to a utility-scale solar PV power plant in Vietnam, in a pilot project aimed at supporting the spread of renewable energy in the country while reducing power losses.
A grant for US$2.96 million has been awarded by the US Consulate General in Ho Chi Minh City, announced on Friday (15 October) towards the construction of the project. The Consulate General said the pilot will "showcase cutting-edge US technology and leadership within the country".
A 15MW / 7.5MWh BESS will be integrated at a 50MWp solar farm in Vietnam''s Khanh Hoa Province. The solar farm was built by a partnership between Vietnamese renewables development platform company AMI Renewables and Philippines-headquartered power plant developer AC Energy.
The pair''s joint venture (JV) renewable energy company has been awarded the grant and is leading the Khanh Hoa Energy Storage Pilot project. The JV has developed 80MW of solar at two sites including at Khanh Hoa and is constructing a 252MW wind farm.
Renewable energy has recently been on a rapid growth trajectory in Vietnam, with a feed-in tariff (FiT) policy leading to the deployment of more than 9GW of rooftop solar PV during 2020. The government is currently figuring out the successor policy to the FiT, our sister site PV Tech reported in early September.
PV Tech said that with the sharp increase in installations towards the end of 2020 — with more than 6.7GW installed in the month of December that year alone — have come fears of grid congestion and reports of solar generation being curtailed and unable to be fed into the grid. AC Energy alone has got around 1GW of renewable energy projects in operation and under construction in Vietnam.
According to a US Consulate General fact sheet, the pilot will offer Vietnam with a "transformative opportunity" to demonstrate the commercial viability of BESS technology for renewable energy production, reduce the impacts of curtailment during periods of surplus renewable energy and demonstrate how stored energy can be integrated into the Vietnamese grid.
It will also provide a pilot case for how stored energy can be sold and explore different applications and benefits that batteries can provide for the grid; including helping shape market design for things like ancillary services and price arbitrage.
The grant comes after the US Trade and Development Agency (USTDA) awarded Vietnamese state-owned power company Vietnam Electricity a grant in 2018 to conduct a feasibility study into the deployment of advanced energy storage technologies in the country.
"We are pleased to support Vietnam''s efforts to expand renewable energy generation, and reduce reliance on coal. This project will show how cutting-edge US energy storage technology can advance these goals and accelerate Vietnam''s transition to a clean energy economy for a climate-resilient future," the US Mission to Vietnam''s Chargé d''Affaires Marie C Damour said.
According to the License No. 66/GP-TTĐT, dated March30 th 2018,of (Issued byAdministration Radio, Television and Electronic Information- Ministry of Information and Communications).
Vietnam''s energy storage sector will be a beneficiary of US$35 million funding from the Asian Development Bank (ADB) and non-profit Global Energy Alliance for People and Planet (GEAPP).
The two organisations have partnered to make the funding available to improve energy access and accelerate the transition away from fossil fuels in the South and Southeast Asian regions.
As ADB managing director general Woochong Um said as the agreement was announced, two of the bank''s most important priorities are "expanding clean energy for the 350 million people in our region who have either limited or no access to electricity," as well as catalysing the transition "from coal and other fossil fuels toward clean, affordable, and reliable energy sources".
Meanwhile, GEAPP CEO Simon Harford said that while there is a big opportunity to address those major challenges and decarbonise the region''s energy sector, low and middle-income countries only accounted for 8% of the world''s total energy transition investments in 2021.
That was the lowest share seen in 10 years, and while 2022 was slightly better, with 15% of investments made worldwide seen in low and middle-income nations, it still isn''t enough.
A formal signing ceremony was held last week in Washington DC, the US, to cement the partnership, with the funding to be managed by a new fund set up by GEAPP, an organisation that describes itself as "an alliance of philanthropy, local entrepreneurs, governments, and technology, policy, and financing partners".
The GEAPP Energy Access and Transition Trust Fund (GEATTF) will assist with energy access and energy transition efforts in five countries: Indonesia, Vietnam, Bangladesh, India and Pakistan.
However, two priority programmes mentioned by GEAPP in a release were for supporting battery energy storage system (BESS) development in Vietnam, and supporting the phaseout of coal in Indonesia.
While neither party went into specifics on what those programmes might entail, the partnership will provide technical assistance, grants to partially fund projects and blended concessional finance instruments to mobilise and attract private investment.
Southeast Asia''s energy storage sector is seeing an uptick in investments over the past couple of years, with the Philippines in particular seeing a rapid buildout of battery storage resources. High upfront cost of investment in advanced energy technologies and other barriers such as regulation and bankability issues have at the same time been seen to be holding the region back from faster adoption, which the new partnership seeks to address.
Vietnam has seen a major growth in its installed solar PV capacity in the past few years, but successful grid integration of that renewable energy is an unanswered question that energy storage could help answer.
In related news, North American lithium battery recycling company Li-Cycle has been signed up as a strategic and preferred recycling partner to Vietnam-based battery and energy storage system manufacturer VinES Energy Solutions (VinES).
VinES is currently building Vietnam''s first lithium iron phosphate (LFP) battery cell ''gigafactory'' in a joint venture (JV) with Chinese manufacturer Gotion, as reported by Energy-Storage.news last November as construction began at the 14-hectare site. VinES'' devices will be sold into both electric vehicle (EV) and stationary battery storage markets.
Until an investment decision is made on that, expected in 2025, VinES materials will be recycled at Li-Cycle''s North American sites. In February the recycling specialist got a loan commitment worth US$375 million from the US Department of Energy’s Loan Programs Office.
Energy-Storage.news’ publisher Solar Media will host the 1st Energy Storage Summit Asia, 11-12 July 2023 in Singapore.The event will help give clarity on this nascent, yet quickly growing market, bringing together a community of credible independent generators, policymakers, banks, funds, off-takers and technology providers. For more information, go to the website.
About Grid-scale energy storage vietnam
As the photovoltaic (PV) industry continues to evolve, advancements in Grid-scale energy storage vietnam have become critical to optimizing the utilization of renewable energy sources. From innovative battery technologies to intelligent energy management systems, these solutions are transforming the way we store and distribute solar-generated electricity.
When you're looking for the latest and most efficient Grid-scale energy storage vietnam for your PV project, our website offers a comprehensive selection of cutting-edge products designed to meet your specific requirements. Whether you're a renewable energy developer, utility company, or commercial enterprise looking to reduce your carbon footprint, we have the solutions to help you harness the full potential of solar energy.
By interacting with our online customer service, you'll gain a deep understanding of the various Grid-scale energy storage vietnam featured in our extensive catalog, such as high-efficiency storage batteries and intelligent energy management systems, and how they work together to provide a stable and reliable power supply for your PV projects.
Related Contents
