As Europe's first urban hydropower storage facility integrated with smart grid technology, this $180 million marvel is rewriting the rules of renewable energy storage . Let's unpack why engineers call it "Norway's liquid battery" and how it might solve the midnight sun.
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A consortium of five international and Vietnamese companies has proposed investing in an energy storage battery plant in the Ho Chi Minh City-based Saigon High-Tech Park (SHTP), with total investment capital of $850 million.
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On February 22, 2025, in Bac Ai District, Ninh Thuan Province, Electricity of Vietnam (EVN) and Power Project Management Board No. 3 organizing the Groundbreaking Ceremony for construction of Bac Ai Pumped Storage Hydropower Project – Phase 2.
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The Red Sands project will be the largest standalone BESS to reach this stage on the continent, designed to store power during off-peak hours and release it when demand is highest—providing essential grid stability and flexibility for South Africa's electricity network.
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