- The joint venture is collaborating with Honeywell to integrate Vietnam’s first grid-connected battery energy storage system (BESS) project in the 50 MWp Khanh Hoa Solar plant
- The project aims to demonstrate the commercial viability, reliability and efficiency of battery energy storage in Vietnam
- Co-funded by U.S. Mission Vietnam, the pilot project will help Vietnam meet its climate action targets, including its Net Zero ambition by 2050
Ho Chi Minh City, 09 May 2023 – AMI AC Renewables, through its subsidiary, AMI Khanh Hoa, signed a memorandum of understanding with Honeywell to collaborate on a 7.5 MWh battery energy storage system (BESS) pilot project in Khanh Hoa, Vietnam.
Co-funded by a grant from U.S. Mission Vietnam, the pilot project will demonstrate how energy storage can help Vietnam integrate more renewable energy into its power system to meet ambitious climate goals. First announced at the annual U.S.-Vietnam Energy Security Dialogue, the project plans to use a Honeywell energy storage system integrated into a 50-MWp solar farm operated by AMI Khanh Hoa.
AMI AC Renewables is a joint venture between ACEN and AMI Renewables. Since 2017, the company has been developing and operating renewable energy projects in Vietnam, which include the 252 MW wind project in Quang Binh and the 80 MW solar plants in Khanh Hoa and Dak Lak.
In October 2021, U.S. Mission Vietnam awarded AMI AC Renewables a grant of US$2.9 million to spearhead and develop the project.
The BESS project aims to demonstrate the commercial viability of battery energy storage in Vietnam and showcase the practical benefits of renewable energy, including its reliability and efficiency. It also seeks to help Vietnam meet its climate action targets.
Nguyen Nam Thang, AMI AC Renewables CEO, said: “We would like to thank the U.S. Mission Vietnam and its teams for trusting us and providing strong support on all grounds to implement the project. We would also like to thank Honeywell for exchanging and cooperating with us to bring modern U.S. BESS technology to Vietnam.”
“The success of the BESS project at AMI Khanh Hoa will be among the achievements for the bilateral cooperation relationship in technological, technical, and economic development between the U.S. and Vietnam, and help contribute to Vietnam’s target of Net Zero emissions by 2050,” he added.
Ramanathan Valliyappan, general manager of Honeywell Process Solutions Asia Pacific, said: “Battery energy storage solutions are vital to advancing sustainability efforts. We look forward to collaborating with AMI AC Renewables to extend renewable energy availability from the Khanh Hoa solar farm beyond hours when there is no sunlight. Honeywell’s BESS Platform improves grid stability and sustainability and decreases costs and carbon footprint by reducing the need for non-renewable baseload power sources.”
U.S. Consul General Susan Burns, who witnessed the signing ceremony, said: “The U.S. Mission is proud to support this project as part of our commitment to a Just Energy Transition Partnership (JETP) with Vietnam. By leveraging advanced energy storage technology, we can work together to accelerate the clean energy transition and build a climate-resilient future.”
Energy storage is a key element of the Just Energy Transition Partnership between Vietnam and its international partners to support the country in its Net Zero ambition by 2050.