Vietnam, RoK discuss new energy and energy storage technologies

Tuesday, 2017-03-14 09:44:09
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NDO - The Vietnam Energy Association (VEA) in co-ordination with the Energy Storage Systems Development Association from the Republic of Korea (RoK) held an international conference themed ‘New technologies for power supplies - power grids, renewable energy and energy storage systems’ in Hanoi on March 14.

According to Vietnamese Deputy Minister of Industry and Trade Hoang Quoc Vuong, Vietnam is promoting the implementation of the Strategy on renewable energy development until 2030 with a vision to 2050, thus the application of new technologies in developing power supplies and grids is highly necessary.

Vietnam is shifting to the use of renewable energy to reduce the use of fossil power sources, contributing to protecting the environment and ensuring national energy security for sustainable economic development.

VEA Chairman Tran Viet Ngai said RoK is a developed industrialised country which has invested in effective technologies to modernise its power industry.

Ngai noted that the conference is a good chance for enterprises of both countries to seek co-operation opportunities and support each other in terms of science and technology, technology transfer, and funding. For example, Wongwang Company has funded Vietnam with US$5 million to carry out several solar energy projects.

Energy storage systems (ESS) have become a necessary technological advance to manage energy demand, renewable energy, and smart grids to contribute to using energy more effectively. Technologies and activities related to renewable energy and ESS receive national-level support from the RoK Government in order to reduce greenhouse gas emissions.

At the conference, RoK enterprises shared experience on ESS technology and business models as well as examples of projects of this kind developed in the RoK and other foreign countries.

According to Chang Ho Choi, Chairman of the ESS Development Association, RoK has received considerable achievements in managing energy demand and the industry related to the management of energy demand, renewable energy, smart grids, electric bus and ESS has developed rapidly thanks to Government support.

"I hope that the advanced technology of the RoK will be used in policies of the Vietnamese Government based on the friendship and mutual trust between Vietnam and RoK in an era of clean energy and reduction of greenhouse gas emissions. The technology will help create jobs as well as develop new energy technologies in Vietnam," Chang Ho Choi said.