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Vietnam’s chemical giant Stavian Group will invest $22 million in making battery energy storage system (BESS), in order to promote green and clean energy development and sustainable energy industrialization in the country.
Stavian Energy Solutions and Stavian Industrial Park, two units of Stavian Group, have signed a deal for the former to lease infrastructure of the latter to manufacture BESS, electric vehicle charging equipment, and electric cables.
*This excerpt is from a news item collated by SIPET as part of its mission to serve as a one-stop platform for information and knowledge exchange about the energy transition in Southeast Asia. For the full news item, click on the link next to 'Further Information' .
**Photo credit: Stavian