A consortium of five international and Vietnamese companies has proposed investing in an energy storage battery plant in the Ho Chi Minh City-based Saigon High-Tech Park (SHTP), with total investment capital of $850 million.
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$280 - $580 per kWh (installed cost), though of course this will vary from region to region depending on economic levels. For large containerized systems (e., 100 kWh or more), the cost can drop to $180 - $300 per kWh.
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On February 22, 2025, in Bac Ai District, Ninh Thuan Province, Electricity of Vietnam (EVN) and Power Project Management Board No. 3 organizing the Groundbreaking Ceremony for construction of Bac Ai Pumped Storage Hydropower Project – Phase 2.
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KenGen will lead the initiative, which includes a pilot installation of BESS capacity in strategic regions, such as Central Rift, Coastal Region, Mount Kenya, Nairobi, North Rift, and Western Kenya aiming to address the critical need for efficient energy storage within.
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