EconPapers    
Economics at your fingertips  
 

Battery Electricity Storage Systems, the energy sector's next big tech

Minh Ha-Duong

Post-Print from HAL

Abstract: : Vietnam's rapid expansion in renewable energy, particularly solar and wind, necessitates the adoption of Battery Electricity Storage Systems (BESS) to address the intermittency of these sources and ensure grid reliability. This article provides an overview of BESS fundamentals, including their operational principles, economic implications, and potential benefits for Vietnam. Despite the current lack of large- scale BESS deployment in Vietnam, the global market is growing rapidly, driven by technological advancements and decreasing costs. The article examines the present state of BESS in Vietnam, highlighting local manufacturing capabilities and regulatory challenges. It also explores strategic approaches outlined in Vietnam's National Power Development Plan (PDP 8) and long-term projections for BESS integration. While BESS has the potential to significantly enhance Vietnam's energy landscape, its successful implementation will depend on addressing economic, regulatory, and technical challenges.

Date: 2024-07
Note: View the original document on HAL open archive server: https://hal.science/hal-04650083v1
References: View complete reference list from CitEc
Citations:

Published in 2024

Downloads: (external link)
https://hal.science/hal-04650083v1/document (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-04650083

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().

 
Page updated 2025-03-22
Handle: RePEc:hal:journl:hal-04650083