The Vietnam-Australia Business Forum on Energy Transformation 2023 was held on March 28 in Hanoi. The Department of Electricity and Energy of the Ministry of Industry and Trade, as well as Vietnam Electricity, jointly arranged the event. Austrade, the Australian Government Trade and Vietnam Electricity (EVN).
Willing to support Vietnam in developing a battery-based energy storage device
Energy storage batteries are the solution to make the most of renewable energy sources, in case of severe weather, factories cannot operate or the electricity generated is not immediately consumed.
At the forum, two companies from Australia introduced high-tech energy storage battery products.
Magellan’s battery systems can store energy at home or build stand-alone power stations.
Meanwhile, Ultra Power Systems’ Vanadium battery products are suitable for small spaces, requiring high safety and explosion resistance. It is known that Vanadium batteries are being used in mining areas in Australia.
Magellan Power’s managing director, Mr. Masoud Abshar, stated: “We can offer Vietnam solutions, but we are aware that some are very costly. As a result, we are prepared to assist you in developing your own systems and machinery that can be produced in Vietnam. Additionally, he stressed the necessity of renewable energy storage in Vietnam.
Vietnam and Australia have the same net zero objective
The Australian Embassy in Vietnam’s Andrew Goledzinowski spoke at the event and said that Australia’s government was dedicated to taking action on climate change, with a target of reducing greenhouse gas emissions to zero by 2050 and 43% by 2030.
Mr. Simon Roz – from the Australian Government’s Department of Climate Change, Energy, Environment and Water (DCCEEW) – said that the power grid systems of the two countries are quite similar, both dependent on fossil energy sources, mainly coal power.
Australia has set out a National Hydrogen Strategy to develop a vision of clean hydrogen technology to complement the country’s energy exports. Mr. Roz expressed his desire to learn and cooperate with Vietnam to realize the net zero goal.