Capital + Technology + Data: Neovest Drives Efficient Financing and Investment for Energy Storage in Vietnam

Vietnam’s electricity demand has been growing at an annual rate exceeding 10%, with total installed capacity projected to reach 85 GW by 2024. Under the National Power Development Plan VIII (PDP8), the country has set a clear target to deploy 10–16.3 GW of electrochemical energy storage by 2030. This positions energy storage as a strategic pillar for safeguarding energy security, enhancing grid stability, and enabling the large-scale integration of renewable energy.

As a leading Chinese player in the energy storage sector, Neovest draws on proven industry practices from China alongside extensive experience in cross-border capital collaboration. Anchored in its “Capital + Technology + Data” golden triangle philosophy, the company offers a pragmatic and actionable framework for financing and investing in Vietnam’s energy storage projects.

Capital Synergy: Structuring Long-Term Investment for Energy Storage

Neovest recognizes that energy storage projects are inherently long-term and capital-intensive, requiring resilient financial structures and diversified funding sources. Having witnessed the evolution of China’s energy storage industry from policy-driven development to market-oriented growth, Neovest has developed a deep understanding of the strategic value of cross-regional capital collaboration.

The company excels in building cross-border investment partnerships, enabling precise alignment between international capital—such as funding from Singapore and other regional financial hubs—and Vietnam’s local market needs. Through flexible equity cooperation models and profit-sharing mechanisms, Neovest helps mitigate investment risks, ensures stable financial support throughout the project lifecycle, and effectively addresses capital turnover challenges. This approach is well aligned with Vietnam’s requirements for scaling up energy storage deployment nationwide.

Technology and Data: Enhancing Investment Bankability

Beyond capital, technology and data are central to improving the bankability and attractiveness of energy storage investments. Neovest has developed an integrated zero-carbon digital platform based on the EaaS (Energy as a Service) model, designed to support the full lifecycle of energy storage assets.

A commercial and industrial energy storage project developed by a listed company, with a total capacity of 10 MW / 20.06 MWh, deploying a Virtual Power Plant (VPP) and smart Operations & Maintenance (Smart O&M) platforms independently developed by Neovest Digital Technology.

The platform integrates end-to-end data across the entire energy storage value chain, standardizes data protocols and operational practices, and applies advanced capabilities such as predictive maintenance, dynamic charge–discharge optimization, and closed-loop asset management. Through this digital enablement, energy storage systems are transformed from standalone “equipment” into operable, traceable, and high-quality assets.

This enhanced transparency significantly reduces due diligence costs for financial institutions, clarifies the investment value of energy storage projects, and enables more effective risk management—making financing decisions more efficient and reliable.

Integrating Capital, Technology, and Data for Vietnam’s Energy Transition

Neovest firmly believes that the success of energy storage financing and investment depends on the deep integration of capital, technology, and data. By combining China’s engineering and project implementation expertise, extensive experience in cross-border capital collaboration, and its own digital capabilities, Neovest is well-positioned to provide end-to-end support for Vietnam’s energy storage projects—from financing and investment planning through to operations and asset management.

Through this integrated approach, Neovest aims to help Vietnam attract more long-term capital into the energy storage sector and contribute meaningfully to the country’s broader energy transition and sustainability goals./.