USTDA Advances Energy Storage in Vietnam, and Creates Opportunities for U.S. Industry

Hanoi, Vietnam – The U.S. Trade and Development Agency 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.

“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.”

“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.

EVN Chairman Thanh continued by saying, “The U.S. is a leading nation in advanced technology development and implementation. U.S. expertise will greatly help Vietnam in developing new energy storage projects and further collaboration in the energy sector between the two countries.”

USTDA’s David Ross signed the grant agreement alongside EVN Acting President and CEO Dinh Quang Tri.  U.S. Ambassador Kritenbrink and EVN Chairman Duong Quang Thanh witnessed the signing at EVN’s offices in Hanoi.

The opportunity to conduct this USTDA-sponsored feasibility study will be competed through Federal Business Opportunities (FBO). A link to the FBO announcement will be posted to USTDA’s website at in the coming weeks. Interested U.S. firms should submit proposals according to the instructions in the FBO announcement.