The United States Trade and Development Agency (USTDA) has awarded a grant to Vietnam Electricity (EVN), Vietnam’s state-owned power company, to examine the feasibility of deploying advanced energy storage technologies in Vietnam.
These technologies, including battery energy storage systems and flywheels, can help EVN reduce power shortages and losses and support increased renewable energy generation throughout the country.
The opportunity to conduct this USTDA-sponsored feasibility study will be competed through the Federal Business Opportunities (FBO). A link to the FBO announcement will be posted to USTDA’s website at www.ustda.gov in the coming weeks. Interested firms can submit their proposals according to the instructions in the FBO announcement.
“USTDA appreciates the opportunity to build on our successful partnership with EVN by connecting them with cutting-edge technologies that can advance their goals,” said David Ross, USTDA Country Manager for Southeast Asia. “At the same time, this project will create opportunities for U.S. companies,” added Ross.
“Both USTDA and my team at the U.S. 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 U.S. Ambassador to Vietnam, Daniel J. Kritenbrink.
The grant represents lucrative business opportunities for U.S. companies in Vietnam. The USTDA has been making such investments in order to open various markets for American firms.
Recently, USTDA awarded a grant to WHN Solar, S.A., for a feasibility study to assess the viability of a solar photovoltaic project of up to 100 MW in Mozambique.
In India, USTDA announced a grant for the IL&FS Energy Development Company Limited (IEDCL) for the development of a 41 MW hybrid wind, solar, and energy storage power project in Andhra Pradesh.
Image credit: USTDA
Saumy is a senior staff reporter with MercomIndia.com covering business and energy news since 2016. Prior to Mercom, Saumy was a copy editor at Thomson Reuters. Saumy earned his Bachelors Degree in Journalism & Mass Communication from the Manipal Institute of Communication at Manipal University. More articles from Saumy Prateek.