Lessons Learned From Techno-Economic Analysis of Solar Photovoltaics and Battery Energy Storage at a Vietnam Industrial Park
Through the Clean Energy Investment Accelerator (CEIA), engineers from the United States (U.S.) National Renewable Energy Laboratory (NREL) conducted a case study analysis evaluating the techno-economic feasibility of battery energy storage systems (BESS) at an industrial park in Vietnam. The analysis uses NREL's REopt platform, a distributed energy modeling and optimization tool, to identify the cost-optimal system sizing for BESS, in conjunction with onsite renewables such as solar photovoltaics (PV), to reduce electricity costs, increase onsite renewable energy generation utilization, and improve resilience to grid outages.