The facility, built with an initial investment of VND300 billion, has a designed capacity of 5GWh per year. Covering 1.2ha, the plant includes a modern two-storey production workshop and a research and development (R&D) centre.

The factory will supply comprehensive energy storage solutions across multiple segments, including residential systems for households, commercial and industrial (C&I) applications, and utility-scale projects connected to the national grid.

It is among the first BESS manufacturing plants in Vietnam to be developed in a systematic and professional manner in line with international standards. With an automation rate exceeding 90%, the facility enables strict quality control at every stage of production.

On the technology front, GG Power has licensed core technologies from Goldwind, a global provider of clean energy, energy storage and wind power solutions operating in more than 30 countries, including the US, Australia, Brazil and across Europe, the Middle East and Asia.

Through this licensing model, GG Power aims to fully master its R&D processes. The company has successfully optimised its Energy Management System (EMS), ensuring high compatibility with Vietnam’s power grid while maintaining domestic data security.

Speaking at the inauguration ceremony, Deputy Minister of Industry and Trade Nguyen Hoang Long emphasised that the development of renewable energy in Vietnam requires the parallel expansion of energy storage systems.

He affirmed that the ministry would continue to support and remove obstacles for domestic enterprises to develop green and clean energy, contributing to a 'Made in Vietnam' renewable energy ecosystem.

Despite growing demand for energy storage to address grid instability and peak load pressures, Vietnam’s market still relies heavily on imported equipment.

National policies, including Directive No 10/CT-TTg and the revised Power Development Plan VIII, have outlined an urgent roadmap for developing distributed energy sources and deploying BESS systems to ease peak demand. Under the adjusted plan, Vietnam is expected to require between 10GW and 16GW of BESS capacity in the coming years.

GG Power’s localisation efforts are seen as playing an important role in shifting from a technology consumer to a technology owner, strengthening energy security and enabling deeper participation in the global green value chain.

According to Vice Chairman of the Hung Yen People’s Committee Le Quang Hoa, the plant aligns with the province’s development strategy to 2030, with a vision to 2045 of becoming a high-tech industrial hub.

Meanwhile, GG Power Chairman and CEO Bui Xuan Binh said the company’s ambition goes beyond manufacturing equipment to mastering core technologies, from control systems to integrated solutions.

“We are investing heavily in R&D, building internal standards, developing manufacturing capabilities and expanding international partnerships. This is not an easy path, requiring time, resources and persistence, but it is essential for establishing a new energy industry in Vietnam,” he said.

The launch of the plant comes amid a global boom in energy storage, with the market projected to grow at a compound annual growth rate of 28.3% by 2030, according to Grand View Research, as energy storage becomes an indispensable component of modern power systems.

BYD breaks ground on first US$130 million EV battery plant in Vietnam

VOV.VN - Vietnamese auto manufacturer Kim Long Motor and China's BYD (Build Your Dreams) on January 27 signed a strategic cooperation agreement and broke ground on a new electric vehicle (EV) battery manufacturing plant in Vietnam, marking BYD’s first battery production facility in the country.