Honeywell has officially entered into a Memorandum of Understanding (MoU) with The Green Solutions Group Corporation (TGS) for the Tra Vinh Green Hydrogen project, marking a significant collaboration to establish Vietnam's inaugural green hydrogen plant in the Mekong Delta region.

At the heart of this transformative initiative is Honeywell's Battery Energy Storage System (BESS), a pivotal technology designed to reduce costs, lower carbon emissions, and enhance grid stability through the integration of renewable power sources. The Tra Vinh green hydrogen plant aims to leverage Honeywell's advanced technologies, including project automation design and management, as well as energy management solutions for facilitating the energy transition. The incorporation of BESS is particularly noteworthy, enabling the extension of renewable energy utilization beyond sunlight hours and providing stability to the grid even during periods of low wind power generation.

The MoU signing ceremony, witnessed by the Prime Minister of Vietnam, Pham Minh Chinh, occurred in November 2023 during the COP28 United Nations Climate Change Conference in Dubai, United Arab Emirates. The platform's ability to stabilize the grid with renewable power sources serves as a key enabler for the production of green hydrogen at the Tra Vinh plant, contributing to both cost reduction and carbon emission mitigation.

In addition to the Battery Energy Storage System, Honeywell is set to provide comprehensive solutions and expertise that cover the entire hydrogen value chain. These offerings are intended to empower TGS to operate the Tra Vinh green hydrogen plant safely, profitably, and in alignment with its renewable energy production goals.

Huynh Thi Kim Quyen, Managing Director of TGS, emphasized the strategic significance of the collaboration, considering it a critical step toward the realization of green hydrogen production at the Tra Vinh plant. The Tra Vinh Green Hydrogen Project holds substantial importance for TGS, representing a major landmark and a significant stride towards achieving Vietnam's national objective of decarbonizing the energy sector through the adoption of renewable energy solutions. This initiative plays a crucial role in contributing to a cleaner and more sustainable future for the nation.

Vietnam has committed to achieving net-zero emissions by 2050, recognizing the urgent need to address climate change. The country is identified as one of the top five nations most susceptible to the impacts of climate change, with potential severe social and economic risks. Vietnam boasts significant solar and wind power potential, particularly in the Mekong Delta region, where the Tra Vinh green hydrogen plant is strategically located.

Honeywell's commitment to carbon neutrality by 2035 underscores its dedication to environmental responsibility. The collaboration with TGS for the Tra Vinh Green Hydrogen project exemplifies Honeywell's proactive role in driving transformative solutions for a more sustainable future.