The rapid growth of Battery Energy Storage Systems (BESS) and fluctuating electricity prices are driving businesses to adopt smarter energy strategies. Since early 2023, Vietnam Electricity (EVN) has increased electricity prices by 12.5% within just 18 months - making cost-effective energy management more critical than ever. So, how can businesses invest in battery energy storage systems for maximum efficiency?

3 Benefits of investing in Battery Energy Storage Systems

As challenges in maintaining grid stability continue to rise, the demand for energy storage systems to minimize costs and enhance energy efficiency becomes increasingly urgent. Investing in an energy storage system is a strategic move that allows businesses to maximize profits in an ever-changing energy market.

Battery Energy Storage Systems enables the storage of electricity when prices are low and its use during peak hours when prices soar. This not only significantly reduces operating costs but also optimizes energy usage, improving long-term economic efficiency.

How to Invest in Battery Energy Storage Systems for maximum efficiency

There are 2 common investment approaches for deploying a BESS system: the first is to carry it out yourself through installation contractors, and the second is to partner with a comprehensive energy investment provider such as GreenYellow.

1. Self-investment

With the self-investment approach, you have full control over the project—from equipment selection, design, and construction to operation and maintenance. However, the investment cost for an energy storage system is high, and the installation process requires contractors with technical expertise and in-depth understanding of the system. Therefore, finding reputable and suitable partners can be time-consuming and costly.

2. Partnering with a comprehensive energy solutions provider

An alternative approach is to collaborate with an energy solutions provider offering 0-CAPEX upfront investment. In this model, all equipment, design, installation, operation, and maintenance are handled by a third party under contractual agreements, ensuring alignment with business needs. This model is similar to solar power installation through investment partners.

Investing through a comprehensive energy solution provider eliminates the pressures of cost, technical complexities, and operational concerns, while ensuring system performance and maintenance. This is considered a financially flexible solution for your business, allowing you to allocate capital and resources to core business activities instead of making large investments to develop a BESS system on your own.

Read more: Ways to jump-start the energy transition in Vietnam

Integrating Battery Energy Storage Systems with solar power systems

GreenYellow has developed energy storage solutions and is currently piloting its first projects in Vietnam. As your trusted energy partner, we offer cutting-edge Battery Energy Storage Systems solutions tailored to your business needs.

With models like Battery as a Service (BaaS) and Power Purchase Agreements (DPPA or Solar PPA) that provide 100% capital funding, you can store excess solar power (or other energy sources) and optimize your energy strategy. By working with us, you can achieve significant energy cost savings while focusing on their core operations. Our team ensures a seamless experience, from design and installation to operation and maintenance, executed with professionalism and efficiency.

Don’t let rising electricity costs impact your bottom line. Contact us today to explore how our energy storage solutions can help your business save more and grow smarter.