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Last Updated on 22
Honeywell has signed a Memorandum of Understanding with the Green Solutions Group Corporation (TGS) for the development of the USD 341 million Tra Vinh green hydrogen project. This joint venture aims to harness Honeywell’s battery energy storage systems alongside TGS’s renewable energy resources to produce green hydrogen.
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Vietnam's Prime Minister, Pham Minh Chinh, has voiced his support for this innovative collaboration, affirming, "The partnership between The Green Solutions Group and Honeywell underscores our dedication to leveraging technology for sustainable development." Prime Minister Chinh emphasized the pivotal role of integrating smart energy storage solutions in achieving the nation's clean energy objectives.
Moreover, the Vietnamese government is actively implementing policy measures to formulate a comprehensive clean hydrogen strategy. The Ministry of Industry and Trade recently convened a conference to discuss the implementation of Vietnam's Hydrogen Energy Development Strategy until 2030, with a vision for 2050.
The collaboration between The Green Solutions Group and Honeywell exemplifies a shared commitment to leveraging innovation to overcome energy storage challenges within green hydrogen manufacturing. These smart solutions will not only enhance the efficiency of the Tra Vinh Green Hydrogen Manufacturing Plants but also set a precedent for sustainable practices across the broader energy industry.
The Tra Vinh Green Hydrogen Project is a groundbreaking initiative aiming to establish Vietnam's first green hydrogen plant in the Mekong Delta. The Tra Vinh Green Hydrogen Project is a major undertaking in Vietnam with the potential to significantly impact the country's energy sector and its commitment to sustainability.
Key Project Details:
The project serves as a model for other Southeast Asian nations, potentially creating a hydrogen hub in the Mekong Delta and accelerating the region's transition towards clean energy. To find out more details about the project, check out our Vietnam green hydrogen database.
The hydrogen energy strategy opens up new development space for Vietnam's energy sector in a green, clean, and sustainable direction, in line with the world's common development trends.
The goal is to develop a hydrogen energy ecosystem in Vietnam based on renewable energy, including production, storage, transportation, distribution, and domestic use and export, with synchronous and modern infrastructure, to contribute to ensuring energy security, achieving national goals on climate change, green growth, and the net-zero emission target by 2050.
Honeywell is a multinational conglomerate that produces a wide range of consumer and industrial products, including building technologies, aerospace components, and specialty materials. In recent years, Honeywell has become a leader in the development and deployment of battery energy storage systems (BESS).
Honeywell offers a variety of BESS solutions, including:
Honeywell Ionic: A modular battery energy storage system that is designed for easy installation and scalability.
Honeywell GT-BESS: A solution that hybridizes gas turbine operation with battery storage to improve efficiency and reliability.
Honeywell BESS Platform: A software platform that helps to manage and optimize BEES performance.
To further learn about Honeywell's BESS projects, check out our global BESS database.
The Green Solutions Group (Vietnam) is a company focused on renewable energy project development, manufacturing, and services. Their mission is to contribute to solving Vietnam's energy shortage by providing clean and sustainable solutions. They develop solar,wind and green hydrogen projects across Vietnam. To learn more about the projects of TGS, explore our Vietnam renewable energy database.
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