The Vietnam Clean Energy Forum (5th time) with the theme "Solutions and technologies for developing energy storage and solar power systems in industrial parks in Vietnam" was jointly organized by the Electricity Department (Ministry of Industry and Trade) and the Vietnam Energy Association (VEA) in Ho Chi Minh City on November 7.
The forum was attended by many representatives of diplomatic agencies, foreign and domestic enterprises and energy experts.
According to the Organizing Committee of the forum, the VIII Power Plan adjusts regulations that by 2030, developing energy storage using pumped-storage hydropower plants with a capacity of about 2,400 - 6,000 MW and battery systems for wind power centers, solar power, or on power systems must reach a capacity of 10,000 - 16,300 MW. The total energy storage capacity above requires a large investment capital, but the impact of this investment cost on electricity prices has not been fully studied.
Current mechanisms for buying and selling electricity for storage systems may not be attractive enough. Along with that, changes in storage battery system technology, as well as other storage trends globally and the need for localization of technology, recycling/circular economy of Vietnam to be autonomous in the supply chain of storage battery systems are posing great opportunities and challenges that require mechanisms and policies to promote from state management agencies on energy.
Speaking at the opening of the forum, Mr. Nguyen The Huu - Deputy Director of the Electricity Department - said: In the context of Vietnam accelerating the implementation of carbon neutrality commitments by 2050, while facing major challenges from the energy transition process and increasing the proportion of unstable renewable energy (such as wind power and solar power), the battery storage system has emerged as a fundamental and breakthrough technology solution.
The storage battery system not only helps regulate capacity, frequency, pressure, black start and provide system causation, but also plays an important role in reducing transmission congestion, leveling the load chart and enhancing the ability to effectively exploit renewable energy sources.
At the forum, delegates discussed the Overview of the energy storage system in energy transition in Vietnam: Role, challenges, policy and technology solutions for development; Battery storage system and solar power system for industrial parks - Forecast of expansion potential, investment costs and technology solutions for the period 2025 - 2035.
