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MOIT approves Electricity generation price framework for pumped storage hydropower plants in 2025
10:27 | 08/05/2025
On April 26, 2025, the Ministry of Industry and Trade (MOIT) officially issued Decision No. 1198/QD-BCT, approving the electricity generation price framework for pumped storage hydropower plants for the year 2025.
Pumped storage technology: A cornerstone of the clean energy transition
15:44 | 23/12/2024
Pumped storage hydropower is a vital technology in the renewable energy transition, providing essential support to integrate variable sources (e.g., wind and solar energy) into the energy grid. With approximately 180 GW of global installed capacity as of 2023, it is proven to be the most reliable and cost-effective solution for large-scale energy storage. Anticipated to double within two decades, pumped storage is critical for stabilizing grids and meeting long-term clean electricity needs.