Recently, LIVOLTEK and Vietnam’s EPO (Công ty TNHH Đầu tư Phát triển và Dịch vụ Điện lực Hà Nội) officially signed a strategic cooperation agreement for a 500MWh energy storage project.
This landmark signing marks a crucial step for Livoltek in deepening their presence in the Vietnamese market, injecting new momentum into local energy transition and stable power supply.
Surging Demand for Energy Storage in Vietnam
In recent years, Vietnam has accelerated its clean energy transition, with solar and wind capacity soaring from near zero to 21GW between 2018 and 2023, making it the largest solar producer in Southeast Asia.
The rapid expansion of renewables has also exposed grid bottlenecks. Recognizing this, the government released the revised Power Development Plan VIII (PDP8), which targets an additional 10–16.3GW of storage by 2030. For the first time, energy storage has been included in subsidy schemes, with tariff incentives and a 20% purchase subsidy. These policies are also providing a clear economic model for C&I storage, while grid-side storage becomes essential for grid upgrades and renewable integration.
Driven by these policies, in Q3 2024, out of 1.8GW of newly added solar, hybrid projects with storage exceeded 40% for the first time, signaling Vietnam’s entry into a fast-growth stage of the storage market.
Seizing this momentum, Livoltek, with its comprehensive product solutions, localized presence, and global project experience, is actively responding to the surging market demand.
Strategic Partnership for Mutual Success
During the signing ceremony, EPO highly recognized Livoltek’s full value-chain expertise and project track record in energy storage. Both sides agreed that Vietnam’s storage market is on the verge of a breakthrough, and the 500MWh strategic cooperation represents not only the implementation of specific projects but also the starting point for jointly exploring Vietnam and Southeast Asia’s energy storage sector.
The cooperation covers product solutions, application scenarios, technical certifications, and project implementation, while gradually expanding into C&I solar-plus-storage, EV charging with storage, and campus-level distributed storage projects. This will establish a long-term and in-depth strategic partnership.
Livoltek bring significant strengths to this collaboration:
- Energy Storage Systems: From 5kWh residential storage to 100+MW utility and grid-scale systems, covering the full spectrum of applications.
- Technology Advantages: Liquid cooling, multi-level fire protection systems, and cloud-based digital twin O&M platforms ensure stable operation while reducing costs.
- Project Experience: Proven track record with large-scale projects successfully delivered in Brazil, Xinjiang, and Southeast Asia, demonstrating system reliability and cost-effectiveness.
Highlighting Production Excellence
During the signing, EPO visited the showroom, fully automated production lines, and Livoltek’s manufacturing facilities, gaining firsthand insight into the company’s comprehensive strengths in R&D, manufacturing, and quality management.
From battery cells to system integration, from medium-voltage transformers to containerized solutions, Livoltek upholds independent innovation and intelligent manufacturing to ensure industry-leading reliability, safety, and cost efficiency.
This 500MWh strategic agreement represents not only a significant milestone for Livoltek in Vietnam but also a new breakthrough in the company’s global expansion.
Livoltek will continue to work hand in hand with EPO, promoting C&I storage, solar-plus-storage, EV charging storage, and other application scenarios, delivering more efficient, safe, and intelligent solutions to support Southeast Asia’s energy transition and sustainable development.
About Livoltek
As a member of Hexing Group, LIVOLTEK is one of the leading solar product manufacturers and renewable energy solution providers worldwide. LIVOLTEK concentrates on green energy innovation. We are dedicated to giving our customers better quality, more effective, and more enjoyable energy use experiences. With offices and warehouses all over the world, as well as the most experienced local technical team, LIVOLTEK is able to provide our global customers with high-quality solar goods and one-stop energy solutions, as well as faster local delivery and superior local support.
Contact Livoltek
Email: sales@livoltek.com