Pylontech Signs MoU for 150MWh Energy Storage Project with DAT Group in Vietnam
Pylontech has signed a Memorandum of Understanding with DAT Group to deploy a 150MWh energy storage system in Vietnam, enhancing its strategy in Southeast Asia. This agreement reflects Pylontech's commitment to the region's energy transition amidst growing demand for renewable energy. Vietnam's energy storage market is projected to grow annually by 25%-30%, with installed capacity expected to reach 4 GW by 2030, driven by supportive policies like Circular No. 62/2025/TT-BCT.
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Pylontech signed a Memorandum of Understanding with DAT Group for a 150MWh energy storage deployment in Vietnam, marking a key step in its Southeast Asia strategy. Vietnam's energy storage market is rapidly expanding, anticipated to grow annually by 25%-30%, reaching around 4 GW in installed capacity by 2030.
This growth is supported by favorable policies, including Circular No. 62/2025/TT-BCT, which introduces a two-part tariff mechanism for battery energy storage systems. The agreement emphasizes Pylontech's commitment to supporting the region's energy transition and enhancing its market presence.
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