Việt Nam needs to consider energy storage to ensure energy security
A solar power farm in Hậu Giang Province. Việt Nam needs to consider the development of a battery energy storage system (BESS) while the country is on a path towards promoting renewable energies, experts have said. — VNA/VNS Photo Phan Tuấn Anh |
HÀ NỘI — Việt Nam needs to consider the development of battery energy storage system (BESS) while the country is on a path towards promoting renewable energies to ensure energy security and sustainable development, experts have said.
According to the Institute of Energy, under the Ministry of Industry and Trade, Việt Nam’s power system needs BESS at both renewable energy generators and the national power grid.
The eighth National Power Development Plan (PDP8) has taken into account the high integration rate of renewable energy into the power system with a goal that Việt Nam’s power system will have 2,700 MW storage of energy by 2030, including 2,400MW of pumped-storage hydropower and 300MW of battery energy storage.
Among 2,400 MW storage of pumped-storage hydropower, currently there is only one plant – Bắc Ái – with a capacity of 1,200 MW and that is under construction, while no other projects are on the horizon, meaning that they, if any, are unlikely to be operational by 2030.
Thus, BESS with convenience and flexibility might be an alternative to make up for the shortage of pumped-storage hydropower. BESS does not generate electricity but only stores it and realises it when needed.
The Institute of Energy reported that countries including the US, Thailand, China and India are preparing legal frameworks and technical regulations so that BESS can participate in their power systems at different levels.
According to the National Power System and Market Operation One Member Limited Liability (NSMO), under the current power system, when the capacity of renewable energies (including hydropower) reaches 44 per cent of maximum power (Pmax) during normal days and 88 per cent of Pmax during holidays, the system is at high risk.
A study of Hà Nội University of Technology showed that the cost for BESS is much lower than mobilising power from sources such as gas turbine engines or diesel.
Deputy director of Vũ Phong Energy Group, Phạm Đăng An, said BESS would play an important role in optimising and stabilising renewable energy sources. The storage system would not only help reduce pressure on the national grid but also ensure continuous and stable power supply.
It was necessary to raise policies in terms of financial support and technical standards to promote the development of the energy storage system, ensure its quality and safety, An said.
According to Hà Dương Minh, a researcher at the International Centre for Development and Environment (CIRED) in France, the BESS installation and operation is a significant barrier to applying this technology.
It is estimated that the electricity price in Việt Nam must be more than US$0.18 per kWh, around two times higher than the current rate, to be profitable with investment in BESS.
However, he pointed out that the cost for BESS was dropping sharply and was expected to fall from $578 per kWh to $264 per kWh by 2030.
BESS would bring significant benefits, including improving performance, reliability, power management and grid stability, he said.
Minh pointed out that until now, there was no BESS system in operation in Việt Nam, except a 700 kW/2 MWh of Power Engineering Consulting Joint Stock Company 2 (PECC2) and under-construction Bắc Ái pumped-storage hydropower plant.
Under PDP8, BESS is expected at 300 MW while the renewable energies will develop rapidly, including 21 GW onshore power, 7 GW offshore power and 18-20 GW solar power, raising concerns about whether it is enough to offset the volatility of renewable energy sources, according to Dương.
“The prospect of BESS in Việt Nam appears modest in the near future but the long-term outlook paints a completely different picture,” he said.
The PDP8 targets that the capacity of pumped-storage hydropower and battery storage will reach about 30,650-45,550 MW by 2050 to catch up with the high proportion of renewable energy.
“With appropriate policies and investments, BESS might transform Việt Nam’s energy landscape, making it more sustainable, stable and reliable,” Minh said.
The flexibility of BESS makes it suitable for a wide range of scales and businesses, from Việt Nam Electricity to renewable energy developers as well as electricity consumers, he said.
To ensure efficiency in implementation, Minh said an integrated approach for all relevant parties is needed, in which the Government must take the leading role in establishing a policy framework that includes clear guidance and market mechanism that align interests of the private sector and market demand.
According to energy expert Đào Nhật Đình, it is necessary to raise incentive policies to promote the development of BESS.
First, BESS should be developed at projects of EVN. Later, when the retail electricity prices are higher, private investors should be encouraged to invest in BESS and participate in the power market.
According to Siemens Energy, energy storage is critical to decarbonising the power system and reducing greenhouse gas emissions. It’s also essential to build resilient, reliable and affordable electricity grids that can handle the variable nature of renewable energy sources.
See also
Efforts to bring electricity to remote villages of Ha Giang Province
15:15 | 04/11/2024 Energy
PM calls for Qatar's support for energy development in Việt Nam
08:56 | 01/11/2024 Energy
Binh Dinh seeks German investment in offshore wind power project
09:02 | 31/10/2024 Energy
Nuclear power plays an important role in energy security: ministry
16:01 | 25/10/2024 Energy
UK commits to be partner of Việt Nam in energy transition
16:03 | 24/10/2024 Energy
EVN wants to invest in more power generation projects
15:54 | 24/10/2024 Energy
See more news
Nuclear power back on table to secure Vietnam’s energy future
11:05 | 24/10/2024 Energy
Sci-tech ministry backs restarting nuclear projects in Việt Nam
16:09 | 22/10/2024 Energy
Vietnam promotes energy transition for sustainable development
15:43 | 22/10/2024 Energy
Prime Minister calls for mulling over nuclear power development
16:49 | 20/10/2024 Energy
PM urges stable electricity supply amid rising demand
14:44 | 19/10/2024 Energy
Amended Electricity Law is expected to remove bottlenecks for gas-fired and offshore wind power
08:46 | 18/10/2024 Energy
Revising the Electricity Law to create a legal framework for developing energy sources
08:55 | 16/10/2024 Energy
Increase in electricity prices concerns manufacturers
10:22 | 14/10/2024 Energy
Up 4.8 percent, Vietnam's electricity price high or low in region?
10:18 | 13/10/2024 Energy
MoIT approves price framework to purchase electricity from Laos
08:38 | 11/10/2024 Energy
Seven strategic directions to lead the nation into a new era
17:04 | 05/11/2024 Infographic
WB, Switzerland help boost Viet Nam’s sustainable urban development
16:53 | 05/11/2024 Society
Finance ministry proposes extending environmental tax cut on fuel products in 2025
16:47 | 05/11/2024 Policy
Workshop looks to address environmental management issues in industrial areas
16:34 | 05/11/2024 Environment
PM visits President Ho Chi Minh relic site in Kunming
16:30 | 05/11/2024 News and Events
Multimedia
Seven strategic directions to lead the nation into a new era
17:04 | 05/11/2024 Infographic
Delicacy of Hà Nội’s autumn
11:29 | 04/11/2024 Lifestyle
Vietnam-Cuba traditional solidarity, special friendship
10:12 | 02/11/2024 Infographic
Vietnam expands FTA network
09:15 | 01/11/2024 Infographic
Vietnam – Qatar friendship and multifaceted cooperation
09:06 | 31/10/2024 Infographic
Finance ministry proposes extending environmental tax cut on fuel products in 2025
16:47 | 05/11/2024 Policy
NA deputies call for solutions to ensure the feasibility of drug prevention and control programme
17:33 | 03/11/2024 Policy
15th NA’s 8th session to further discuss legislative, inspection work next week
16:58 | 03/11/2024 Policy
Developing education, training to serve new era of nation: PM
09:57 | 03/11/2024 Policy
Efforts to bring electricity to remote villages of Ha Giang Province
15:15 | 04/11/2024 Energy
Vietnamese F&B industry works to catch up with green consumption trend
17:38 | 03/11/2024 Industry
PM calls for Qatar's support for energy development in Việt Nam
08:56 | 01/11/2024 Energy
Efforts made to create breakthrough in Vietnam's automobile industry
09:28 | 31/10/2024 Industry
Foxconn to invest US$80 million in Bắc Giang for chip manufacturing expansion
16:16 | 04/11/2024 Investment
Da Nang to invest additional 16 million USD into software park
17:19 | 03/11/2024 Investment
PM receives heads of leading investment firm, authority of Qatar
09:07 | 01/11/2024 Investment
Forum suggests suitable orientations for green development strategy in Lam Dong
15:44 | 31/10/2024 Investment
Krungsri proposes accelerating purchase of 50% of SHBFinance’s charter capital
15:46 | 05/11/2024 Finance-Banking
Finance ministry proposes two price management scenarios for year-end
10:11 | 04/11/2024 Finance-Banking
Banking sector prioritises support for import-export firms
16:35 | 02/11/2024 Finance-Banking
Smart Banking 2024 workshop and exhibition held
15:32 | 31/10/2024 Finance-Banking
Workshop looks to address environmental management issues in industrial areas
16:34 | 05/11/2024 Environment
More accurate forecasts at all levels needed to reduce coastal disaster risk
15:07 | 04/11/2024 Environment
Nearly-98-million-USD environment project inaugurated in Ninh Thuan
10:13 | 03/11/2024 Environment
Northern region to experience first cold weather of this winter
14:30 | 31/10/2024 Environment
Technology “key” to attract FDI
09:09 | 05/11/2024 Science - Technology
HCM City partners with Google for Education in digital transformation
14:47 | 04/11/2024 Science - Technology
Việt Nam develops 'purely Vietnamese' generative AI
09:45 | 01/11/2024 Science - Technology
Vietnam’s first semiconductor expo underway in HCM City
09:36 | 01/11/2024 Science - Technology
WB, Switzerland help boost Viet Nam’s sustainable urban development
16:53 | 05/11/2024 Society
VRA proposes over $7.2b for Lào Cai-Hà Nội-Hải Phòng-Quảng Ninh Railway project
09:22 | 05/11/2024 Society
Eastern section of $1.23b southern expressway will soon be opened for use
15:03 | 04/11/2024 Society
Vietnam aims to produce innovative medicines
14:53 | 04/11/2024 Society
190 businesses win Vietnam National Brand Award 2024
10:33 | 05/11/2024 Vietnamese Brands
Vietnamese AI firms have many chances of development
14:51 | 04/11/2024 Vietnamese Brands
Cooperatives play significant role in OCOP product development
14:45 | 04/11/2024 Vietnamese Brands
Cơ Tu ethnic’s farm produce debuts in supermarket system
09:08 | 31/10/2024 Vietnamese Brands
Calligraphy exhibition highlights literary masterpieces
10:53 | 05/11/2024 Culture
VN int’l fashion week Fall/Winter 2024 prepares to open
11:38 | 04/11/2024 Culture
Delicacy of Hà Nội’s autumn
11:29 | 04/11/2024 Lifestyle
$10-billion national target programme on cultural development officially proposed to parliament
18:02 | 02/11/2024 Culture
Time Out lists Vietnam among Top 5 Memorable Christmas Escapes in Asia
10:27 | 05/11/2024 Tourism
Foreign travellers' interest in northern regions still strong after typhoon
14:15 | 04/11/2024 Tourism
Ninh Bình Festival to boost historical heritages of VN’s former capitals
14:10 | 04/11/2024 Tourism
Halal tourism: tackling religious and cultural differences
17:57 | 02/11/2024 Tourism