General – hydrogen
The Ministry of Industry and Trade (MoIT) in Vietnam needs to study and direct Việt Nam Electricity (EVN) to issue regulations on the transmission and distribution system to ensure the stable operation of the power system amid abundant wind and solar power sources, said Trần Viết Ngãi, Chairman of Việt Nam Energy Association.
He said the ministry should also develop energy storage systems (ESS), stored hydroelectricity to be synchronised with renewable energy development.
One of the difficulties to develop wind and solar power in the Draft Power Plan VIII is to ensure the construction of a synchronised and stable grid system. Projects that combine offshore wind power with green hydrogen production with a large enough scale bring a new approach for both domestic and export to international market, a viable solution that is applied and accelerated in many countries.
Nguyễn Việt Anh, Vice President of the German-Vietnamese Innovative Network, said: “Hydrogen will be an important foundation to provide stable and sustainable energy for Việt Nam and an important foundation in National Power Planning VIII. However, the necessary condition here is to continue to expand and improve the existing infrastructure through international programmes and cooperation.”
Green hydrogen is produced using renewable energy to provide electrolysed energy – separating water molecules into hydrogen and oxygen, which is strongly developed to replace fossil fuels, serving the production, storage of electricity, industry, transportation, fertiliser production and chemicals.
According to analysts of Fitch Solutions, global annual hydrogen demand is forecast to increase from about 80 million tonnes in 2021 to 100 million tonnes by 2030. The green hydrogen sector could produce about 10 million tonnes per year by 2030 – up from the current 0.1 per cent hydrogen market share.
The portfolio of green hydrogen projects reached 71 GW in February although there were no projects in the 2019-20 period and increased in the second quarter to 121GW, including 136 projects in the planning and development phase. The average investment is about $4.5 billion.
Global growth is being driven by Western Europe and Asia-Pacific, with these regions accounting for 82 per cent of the above-mentioned green hydrogen projects. This is due to increasingly strict emissions regulations, the strong development of renewable energy with low electricity prices and ambitious decarbonisation targets.
Source: Vietnam News
