ACEN and AMI Renewables develop Vietnam''s first grid
The BESS project aims to demonstrate the commercial viability of battery energy storage in Vietnam and showcase the practical benefits of renewable energy, including its reliability and
The BESS project aims to demonstrate the commercial viability of battery energy storage in Vietnam and showcase the practical benefits of renewable energy, including its reliability and
The 750 kW BESS project at the PECC2 Innovation Hub in Ho Chi Minh City is an example of this. Commercial & Industrial (C&I) BESS can be used within large industrial facilities and data
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Some medium-sized BESS systems installed in Vietnam The BESS system at the PECC2 Innovation Hub was the largest BESS system in Vietnam at the time it began operation in 2021, reflecting PECC2’s pioneering vision and role in mastering energy storage technology applications.
The Current State of BESS in Vietnam As of 2024, Vietnam has practically no BESS installed. So far, only private renewable power projects have trialed BESS development, there is nothing at the utility scale. The largest electricity storage project in Vietnam is the Bac Ai Pumped Storage Hydropower Project.
In 2023, EVN PECC3 estimated that the cost for a 2 MWh BESS system was 360–420 USD/kWh, and that the investment would requires electricity prices in Vietnam above 18 UScent/kWh to be profitable – this is twice the current levels. However, BESS costs are declining rapidly.
Regulatory Landscape The Vietnamese government has recognized the importance of BESS in the country's energy transition. The revised National Energy Policy includes new incentives for BESS installations, such as tax credits and subsidies, which are aimed at accelerating the adoption of energy storage solutions.