VinES Energy Solutions, a subsidiary to Viet Nam's largest private conglomerate Vingroup has cooperated with Turkey's Altınay Elektromobilite to provide comprehensive energy storage solutions to Turkey energy market, according to an announcement from Vingroup.

As the world discusses decarbonisation, net zero scenarios and sustainable energy policies, the importance of energy storage systems has gradually increased. Estimates of the International Energy Agency showed that the total installed capacity of container-type energy storage systems (“ESS”) could reach 680 gigawatt-hours (“GWh) by 2030 in the net zero scenario.

According to these estimates, the increase is calculated as 42.5x between 2022 and 2030, while it is stated that the annual increase in installed ESS capacity worldwide should be over 80GWh in order to meet the current demand.

E. Mert Uygun, General Manager of Altınay Elektromobilite said, “The cooperation between Altınay and VinES will bring a lot to our country, where the demand for energy and production is increasing. With this cooperation, we aim to bring the domestic investors in the sector altogether with the right products and competitive prices.”

Sharing about the partnership, Vo Le Duy Duc, Strategy Director of VinES said: “With the rapid development of technology, renewable energy sources are becoming increasingly competitive with conventional fossil fuel power sources. However, the challenge for the industry lies in efficiently storing, transmitting, and distributing clean energy. ESS will play a critical role in the transition to clean energy. — VNS