USTDA backs energy storage feasibility study in Vietnam
Duke Energy battery installations. Photo by: Duke Energy (www.duke-energy.com).
With a grant from the US Trade and Development Agency (USTDA), Vietnam Electricity (EVN) will be assessing the feasibility of installing energy storage technologies such as batteries and flywheels in Vietnam.
The agency announced the award of the grant on Thursday and said that advanced energy storage technologies can help Vietnam’s state-owned power company reduce power shortages and losses and support the growth of renewable energy generation in the country.
“Both USTDA and my team at the US Embassy are committed to partnering with Vietnam to meet the country’s growing energy demands. This involves deploying modern transmission technologies, diversifying energy resources, and improving power infrastructure,” said Daniel Kritenbrink, US Ambassador to Vietnam.
US companies will be able to compete in a tender to lead the USTDA-sponsored feasibility study through Federal Business Opportunities (FBO).