Việt Nam is under pressure to position battery energy storage systems (BESS) as strategic energy infrastructure, as fast-growing renewable capacity highlights grid stability challenges and opens up a multi-billion-dollar market for domestic firms.
Organised by the Vietnam Chamber of Commerce and Industry (VCCI) and Diễn Đàn Doanh Nghiệp (Business Forum) magazine, the event gathered policymakers and industry representatives to discuss how to accelerate renewable energy adoption and ensure stable power supply.
POSCO Future M, a subsidiary of the Republic of Korea’s POSCO Group, has ed Sông Công II Industrial Park in the northern province of Thái Nguyên to build its first large-scale battery materials plant in Việt Nam, according to Viglacera...
Kim Long Motor Hue JSC (Kim Long Motor) on January 27 signed a strategic partnership with BYD Battery, a global leader in batteries and new energy vehicles, and kicked off construction of a BYD battery manufacturing plant in its Huế...
BESS is no longer viewed as auxiliary equipment but as a core component of the clean-energy ecosystem. The technology enables the storage of renewable electricity, stabilises grid frequency, eases transmission congestion and smooths peak and off-peak loads.