Stavian Group to invest USD 22 million in battery storage project in Vietnam

Stavian Group is investing USD 22 million in a Battery Energy Storage System (BESS) project at the Stavian Complex in Hung Yen province, Vietnam. Developed through a joint venture with Juhang Energy Technology (Singapore), the project will cover over 5 hectares and focus on manufacturing energy storage systems, EV charging equipment, and electric cables. The BESS will support grid regulation for renewable projects and industrial microgrids, helping businesses cut energy costs by optimising power usage….