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Will any business that grasps BESS technology early today control hundreds of trillions of VND in Vietnam's electricity market in the next few years?
While many people still view battery storage as just a "giant battery", energy experts are considering BESS as a strategic infrastructure that can completely change the way the national power system operates.
BESS, or Battery Energy Storage System, allows storing electricity when there is excess and generating electricity when demand increases. This is the key for solar and wind power to become a stable source of power instead of depending on the weather.
Why has BESS become a strategic focus?
Vietnam is entering a period of very strong electricity growth.
The load increases while traditional power sources require a long time to invest.
Solar power and wind power are growing rapidly but lack storage capacity.
BESS helps solve all three problems simultaneously.
1. Cut peak hour capacity
2. Store excess electricity at noon
3. Stable frequency and voltage
4. Limit the risk of widespread power outages
5. Increase the ability to absorb renewable energy
BESS development goal in Vietnam
According to the Adjusted Power Plan VIII, Vietnam aims to develop from 10,000 MW to 16,300 MW of storage capacity by 2030. This is a very large scale and can create an investment market of billions of dollars. 
Scale testimated market
Target Expected value
BESS capacity by 2030 10,000 – 16,300 MW
Total investment capital 150,000 - 300,000 billion VND
Implementation time 2026 - 2030
Proportion in the power system is increasingly important
150,000,000,000,000 VND to 300,000,000,000,000 VND
This number is enough to create a completely new industry in Vietnam.
Petrovietnam's role
Petrovietnam sees BESS not only as an electricity storage technology but also as a tool to help optimize the gas - electricity - LNG - renewable energy chain.
When combined with LNG, BESS helps power plants operate more flexibly, reduce costs and improve overall system efficiency.
This opens up opportunities for Petrovietnam to deeply participate in the field of energy storage, besides traditional oil and gas.
Compare BESS with traditional power plant
BESS criteria Coal power LNG gas power
Construction period 6 – 12 months 5 – 7 years 3 – 5 years
CO₂ emissions Almost zero High Lower than coal
Moderated response In milliseconds Slow Average
Renewable energy support Very Good Poor Good
Opportunities for Vietnamese businesses
Areas that benefit greatly include:
* Production of batteries and modules
* Industrial electrical equipment
* EMS control system
*Energy EPC
* Specialized fire protection
* Battery recycling
Businesses can benefit
* Petrovietnam
* EVN
* PV Power
* GELEX
* REE
* PECC2
* Wind and solar power investors
Strategic significance
BESS is like a “power bank”.
When there is excess electricity, system twill be sent to the battery.
When there is a shortage of electricity, the system will be withdrawn for use.
Any country that masters energy storage will have a huge advantage in the race for energy security and green transition.
Conclusion
BESS is no longer a technology of the future.
This is a real market that is forming with a scale of hundreds of trillions of dong.
Petrovietnam, EVN and energy businesses are facing a historic opportunity to build a new pillar for the Vietnamese economy.
Whoever goes first will have the biggest advantage in this energy revolution.
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