US awards grant to local firm to construct energy storage system
The US Consulate General in HCM City on October 15 awarded a 2.96 million USD grant to AMI AC Renewables to construct a battery energy storage system pilot project in Vietnam.
AMI solar plant in Khanh Hoa. (Photo: baokhanhhoa.vn)
The project will use cutting-edge American technology and equipment to demonstrate how advanced energy storage can reduce power losses and help Vietnam integrate greater renewable energy into its power system. It will be built and integrated into a 50MW solar farm operated by AMI AC Renewables in Khanh Hoa province.
“We are pleased to support Vietnam's efforts to expand renewable energy generation, and reduce reliance on coal,” said Marie C. Damour, Chargé d’Affaires a.i. for the US Mission to Vietnam at the signing ceremony during the US-Vietnam Energy Security Dialogue.
“This project will show how cutting-edge US energy storage technology can advance these goals and accelerate Viet Nam’s transition to a clean energy economy for a climate-resilient future,” Damour said.
“We’re delighted to be entrusted by the US Consulate General to pilot and spearhead battery energy storage systems in Việt Nam,” said Nguyen Nam Thang, CEO of AMI AC Renewables. “Our solar plant in Khanh Hoa province is an ideal place to demonstrate how energy storage can help Vietnam reach its full renewable energy potential.”
Energy storage is the key to unlock the potential of renewables and is a vital component of the energy transition. The project comes after a study funded by the US Trade and Development Agency (USTDA) to examine the feasibility of deploying advanced energy storage technologies in Vietnam./.