Do energy storage systems exist in Vietnam's power system today?

This paper provides an up-to-date review of these storage technologies and energy storage systems in Vietnam’s power system today. Finally, there are a few perspectives on the opportunities and challenges of these storage systems in Vietnam power systems today.

What energy resources does Vietnam have?

Vietnam has a diverse energy fuel resource of various types such as coal, natural gas, petroleum, hydropower and renewables such as solar and wind energy. The country has recently been successful in renewable energy deployment, especially solar and wind power development. Coal has been the key power generation source since 2018.

What is the main source of energy in Vietnam?

In Vietnam, half of the domestic energy consumption comes from oil. The remaining energy is supplied by hydropower (20 percent), coal (18 percent), and natural gas (12 percent).

What measures has Vietnam taken to strengthen its energy industry?

Vietnam has introduced market reforms aimed at strengthening its energy industry. The country has also boosted exploration activities and allowed greater foreign company involvement in the oil and natural gas sectors.

What is energy storage & how does it work?

Energy storage is being considered as one of the potential solutions to address these challenges, whereby energy is stored and converted to electrical energy when needed. There are many types of energy storage technology with different applications in modern energy systems.