AC Energy Corp. (ACEN) said its 7.5 megawatts (MW) utility-scale battery energy storage system project in Vietnam with AMI Renewables was granted with a $2.96- million funding by the US consulate in Ho Chi Minh City.
In a disclosure to the Philippine Stock Exchange yesterday, ACEN said the agreement was signed by AMI AC Renewables and the consulate which is set to be Vietnam’s pilot utility-scale battery energy storage system.
ACEN said the battery storage project will be integrated to the existing 50 MW AMI Khanh Hoa solar farm in Vietnam.
“Energy storage is the key to unlock the potential of renewables and is a vital component of the energy transition. We are very excited about the opportunities that lie ahead in harnessing this enabling technology, and together with AMI, we will aim to secure Vietnam’s renewable energy sources while helping the country achieve its sustainability goals,” said Patrice Clausse, AC Energy International’s chief operating officer and AMI AC Renewables’ chairman, in a statement. – Jed Macapagal
