On May 6, 2024, in Ho Chi Minh City, VinFast and ON Energy officially signed a strategic cooperation agreement, opening new opportunities for the application of energy storage battery technology in rooftop solar power systems. This partnership represents a significant milestone toward achieving Vietnam's renewable energy development goals while delivering efficient green energy solutions to both businesses and households.

Partnership agreement details

Under the signed agreement, ON Energy will serve as the official distributor for VinFast Energy-branded energy storage battery products. These products have been researched and developed by VinES Energy Solutions Joint Stock Company, which has since been integrated as a division of VinFast.

The VinFast Energy storage system utilizes cutting-edge lithium-ion battery technology, fully complying with stringent international standards such as UL and IEC for safety and quality assurance. The products are specifically designed to optimize energy storage and utilization efficiency, ensuring high durability and stable operation over extended periods.

Beyond product distribution, ON Energy provides consulting services and implements synchronized integration solutions combining energy storage batteries with rooftop solar power systems. These solutions are designed to accommodate diverse customer segments, from industrial zones and corporate offices to residential properties nationwide.

Benefits of energy storage solutions

Integrating storage batteries into rooftop solar power systems delivers numerous practical advantages for users. This solution not only optimizes energy utilization efficiency but also ensures continuity in power supply.

The battery storage system addresses the issue of wasted surplus electricity during daytime hours when solar power generation exceeds consumption demand. Excess energy is stored in batteries for use during nighttime or periods when solar systems are inactive, maximizing renewable energy utilization.

With battery storage, customers can maintain continuous power supply even during grid outages. This proves particularly crucial for businesses and manufacturing facilities requiring uninterrupted operations.

Shared commitment to a green future

Mr. Vo Le Duy Duc, Director of Energy Investment and Development at VinFast, stated that the partnership with ON Energy will facilitate widespread deployment of VinFast's energy storage products in daily life. This collaboration not only demonstrates VinFast's mastery of battery technology but also reflects a strong commitment to promoting clean energy transition in Vietnam.

Meanwhile, Mr. Tran Ngoc Tuan Khanh, General Director of ON Energy, affirmed that the combination of VinFast's advanced battery technology and ON Energy's industrial-standard solar power systems will deliver optimal energy solutions to customers.

Contributing to power development plan VIII objectives

With over 10 years of experience in renewable energy and having deployed more than 50 MW nationwide, ON Energy targets reaching 100 MW by 2025. The collaboration between ON Energy and VinFast is expected to make significant contributions toward realizing Power Development Plan VIII goals.

According to the plan, by 2030, Vietnam aims to have 50% of office buildings and 50% of residential homes utilizing rooftop solar power for self-generation and consumption. This ambitious target seeks to promote renewable energy adoption and reduce dependence on traditional energy sources.

Special promotional program

To encourage households and businesses to adopt green energy solutions, VinFast and ON Energy are launching a special promotion for the first 300 customers. These early adopters will receive preferential service packages upon registering for VinFast Energy storage battery installation for their rooftop solar power systems.

Interested customers may contact the hotline at 0898 659 689 for detailed consultation regarding products, services, and current promotional programs.

This strategic partnership carries significance beyond business considerations, demonstrating corporate responsibility in building a sustainable future for Vietnam. With internationally certified product quality, reasonable costs, and professional services, energy storage solutions promise to become the ideal choice for those concerned about green energy and sustainable development.