Commencement of a Battery Energy Storage System Demonstration Project
This Project involves Marubeni installing and operating the BESS at a resort facility owned by a Vingroup subsidiary, using a system developed and manufactured by
The comprehensive study report addresses the critical need for establishing national standards for Battery Energy Storage Systems (BESS) in Vietnam by identifying the current gaps in standards related to BESS. This includes an assessment of how these gaps affect the overall progress of developing BESS projects by regulations.
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.
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.
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.
PDF version includes complete article with source references.
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