NDO/VNA - Singapore’s renewable energy developer Quantum Power Asia Pte has agreed to advance a 5 billion
The U.S. Consulate General in Ho Chi Minh City awarded a $2.96 million grant today to AMI AC Renewables to construct a battery energy storage system pilot project in Vietnam. 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 50 MW Solar Farm operated by AMI AC Renewables in Khanh Hoa Province.
Marie C. Damour, Charge d’Affaires a.i. for the U.S. Mission to Vietnam, and Nguyen Nam Thang, CEO of AMI AC Renewables, signed the grant during the U.S-Vietnam Energy Security Dialogue.
“We are pleased to support Vietnam’s efforts to expand renewable energy generation, and reduce reliance on coal,” Ms. Damour said. “This project will show how cutting-edge U.S. energy storage technology can advance these goals and accelerate Vietnam’s transition to a clean energy economy for a climate-resilient future.”
“We’re delighted to be entrusted by the U.S. Consulate General to pilot and spearhead battery energy storage systems in Vietnam,” 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,” said Patrice Clausse, Chief Operating Officer of AC Energy International cum Chairman of the AMI AC Renewables Board of Directors. “We are very excited about the opportunities that lie ahead in harnessing this enabling technology, and together with AMI, we will aim to secure Vietnam’s renewable energy sources while helping the country achieve its sustainability goals.”
The project comes after a study funded by the U.S. Trade and Development Agency (USTDA) to examine the feasibility of deploying advanced energy storage technologies in Vietnam.