Vietnam’s VinES and Australia’s Magellan Power announced on July 10 the signing of an MoU outlining their strategic cooperation in the commercial supply and service offering of battery energy storage systems (BESS) in the Australian market.
The non-binding MoU sets forth key cooperation areas in evaluating and supplying BESS products and services from VinES into the Australian market through establishing commercial relations with Magellan Power, and considering strategic investment and cooperation opportunities in manufacturing and supplying BESS in Australia.
In the short term, VinES and Magellan are looking into supplying the former’s BESS solutions to integrate with the latter’s power conversion system (PCS) to offer to the Australian market.
“This cooperation will lay solid stepping stones for VinES’s BESS to penetrate the high-profile market of Australia, which also demonstrates our capability to offer high-quality products and services that meet the stringent requirements of reputable international developers,” said Ms. Pham Thuy Linh, CEO of VinES.
VinES, a member of Vietnam’s largest private conglomerate Vingroup, is a clean energy solution provider and the only BESS manufacturer in the country to date.
It had earlier began to cooperate with Marubeni Green Power Vietnam to promote the adoption of BESS in the country and cooperated with Altinay Elektromobilite to provide comprehensive energy storage solutions to the Turkish energy market.