
The market is driven by comprehensive government policy support and robust net metering frameworks that incentivize distributed solar generation, the technological shift towards advanced string inverters and smart solutions that improve system efficiency and grid integration capabilities, and the accelerating distributed generation growth focused on energy security and reduced dependence on traditional hydropower sources. [pdf]

The first battery, Volta’s cell, was developed in 1800. 2 The U.S. pioneered large-scale energy storage with the Rocky River Pumped Storage plant in 1929. 3 Energy storage research accelerated dramatically 2 after the 1970s oil crisis, 4 driving significant improvements in battery cost and performance. 5 Energy storage is a critical component for current and future sustainable energy grids. 6 [pdf]

This project, developed by Vietnam Electricity (EVN) in collaboration with the Asian Development Bank (ADB), Rocky Mountain Institute (RMI), Global Energy Alliance for People and Planet (GEAPP), and the Vietnam Energy Institute, marks a crucial step towards Vietnam’s target of developing 300MW of energy storage by 2030, as outlined in the latest Eighth Power Development Plan (PDP 8). [pdf]
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