This project, developed by Vietnam Electricity (EVN) in collaboration with the Asian Development Bank (ADB), Rocky Mountain Institute (RMI), Global Energy Alliance for People and Planet (GEAPP), and the Vietnam Energy Institute, marks a crucial step towards Vietnam’s target of developing 300MW of energy storage by 2030, as outlined in the latest Eighth Power Development Plan (PDP 8).
[pdf] Financed by a $100 million grant from the World Bank’s International Development Association and supplemented by an additional $31 million from the Mozambique Energy for All Multi-Donor Trust Fund—comprising $13 million from the Government of Sweden and $18 million from the Government of Norway—the project aims to transform the lives of households, businesses, and health and education facilities across urban, peri-urban, rural, and deep rural areas.
[pdf] The Rudong project is the world's first commercial scale deployment of a non-pumped hydro, gravitational energy storage system. An anticipated 80% round trip efficiency puts the EVx™ ahead of competing long duration technologies such as flow battery, thermal, and compressed air energy storage.
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