Recently, Vietnam's National Power Transmission Corporation (EVNNPT) shared that it is looking into Battery Energy Storage Systems (BESS) among several technology options as an appropriate solution. This technology can enhance power system flexibility and enable high levels of renewable energy integration.
Why do foreign companies export medical equipment to Vietnam?
Due to the inadequate production and quality of domestic medical devices, the Vietnamese government encourages foreign companies to enhance their exportation to Vietnam by enforcing low import duties and no quota restrictions on imported medical equipment.
Is energy storage system a good investment?
According to international energy experts, when RE electricity rate reachs 15% up, the investment in energy storage system is economically efficient. So, in many countries over the world, the energy storage systems have become the necessary technologies in demand side management, RE and smart grid development.
Vietnams total power demand is expected to grow 10% annually during the period 2021-2024, and power shortages are expected to increase in different regions of the country.
What are the challenges in energy storage development?
II.Challenges in energy storage development: Although the costs of storage batteries and technologies are reducing, they are still high, especially for batteries with up to 4 hours of energy discharge per charge-discharge cycle.