By 2023, The Scale Of Energy Storage in Vietnam Will Increase To 200MWh!
Dec 31, 2021
The Scientific Committee of "Vietnam Energy Magazine" has just published a report on the demand and role of energy storage systems in Vietnam's high renewable energy rate power system (As of now, renewable energy capacity accounts for 27.2% of the national power system capacity According to the draft PDP VIII, this figure will reach 41.5% in 2045).
The report elaborated on the necessity, role and challenges of the development of energy storage systems, and made the following recommendations to the Premier, the Director of the Central Economic Commission and the Minister of Industry and Trade:
The current situation of Vietnam's power system, the proportion of renewable energy (solar and wind energy) is high, and the capacity of renewable energy projects fluctuates greatly.
The pros and cons of the power system operating with a high proportion of renewable energy.
Vietnam’s current and future power system’s demand for energy storage and its necessity.
With the introduction of energy storage technology into the market, the price and cost of energy storage systems have fallen rapidly.
Facing a power system with a high proportion of renewable energy, a wealth of practical experience is required, and it can also handle power transmission operations between different countries well.
How can renewable energy investors face economic losses and financial risks caused by reduced power generation or power curtailment due to overloaded transmission grids and lack of energy storage systems?
Put forward additional policies, mechanisms and technical regulations to create conditions for the research, investment and operation of energy storage systems.
The above content was discussed and collated by participants from the Office of the State Electric Power Development Commission, the Vietnam Electricity Regulatory Authority (ERAV), the Vietnam Electric Power Company (EVN), the National Load Dispatching Center (NLDC), and the National Electric Power Transmission Company (VNPT).
