Published by Todd Bush on February 23, 2024
HANOI, Vietnam, Feb. 21, 2024 /PRNewswire/ -- Honeywell announced that it has signed a Memorandum of Understanding (MoU) with The Green Solutions Group Corporation (TGS) on the Tra Vinh Green Hydrogen project, Vietnam's first green hydrogen plant in the Mekong Delta.
Honeywell will bring to the project its ready now technologies such as project automation design and management, and energy management for energy transition, including battery energy storage systems (BESS), to enable TGS to integrate renewable energy sources into the green hydrogen plant.
Honeywell Battery Energy Storage System helps decrease costs and carbon emissions while providing grid stability from renewable power sources, enabling the production of green hydrogen at the Tra Vinh green hydrogen plant.
>> In Other News: ESG Clean Energy Announces Positive Test Results of Patented Carbon Capture Water Removal System
Witnessed by the Prime Minister of Vietnam, Pham Minh Chinh, the MoU signing took place in November 2023 at the COP28 United Nations Climate Change Conference in Dubai, United Arab Emirates.
"Honeywell's battery energy storage system will play a key enabling role in the Tra Vinh Green Hydrogen project," said Ramanathan Valliyappan, Regional General Manager of Honeywell Process Solutions. "It will extend renewable energy from TGS's solar farms beyond sunlight time as well as extend wind power when the winds are calm. Honeywell's BESS platform helps decrease costs and carbon emissions by providing grid stability from renewable power sources, thus enabling the production of green hydrogen at the Tra Vinh plant."
In addition to BESS, Honeywell will provide extensive solutions and expertise covering the entire hydrogen value chain to help TGS operate safely, profitably, and meet its renewable energy production goals.
"Our collaboration marks a critical step toward the production of green hydrogen at the Tra Vinh plant," said Huynh Thi Kim Quyen, Managing Director of TGS. "The Tra Vinh Green Hydrogen Project is a major landmark for our company and a significant milestone toward realizing our national goal of decarbonizing the energy sector with renewable energy solutions, contributing to a cleaner and more sustainable future."
Vietnam pledged to become net zero by 2050. By some estimates, it is one of the top five countries likely to be most affected by climate change, with possible severe social and economic risks.[i] The country has high solar and wind power potential, especially in the Mekong Delta region, where the Tra Vinh plant is located.
Honeywell is committed to achieving carbon neutrality in its operations and facilities by 2035. This commitment builds on decades-long history of innovation to help its customers meet their environmental and social goals. About 60% of Honeywell's 2022 new product introduction research and development investment was directed toward ESG-oriented outcomes for customers.[ii]
[i] "Country: Vietnam," World Bank Group Climate Change Knowledge Portal, 2021.
[ii] Methodology for identifying ESG-oriented solutions is available at investor.honeywell.com (see "ESG/ESG Information/Identification of ESG-Oriented Offerings")
>> In Company Spotlight: Honeywell International Inc
Honeywell is an integrated operating company serving a broad range of industries and geographies around the world. Our business is aligned with three powerful megatrends – automation, the future of aviation and energy transition – underpinned by our Honeywell Accelerator operating system and Honeywell Connected Enterprise integrated software platform. As a trusted partner, we help organizations solve the world's toughest, most complex challenges, providing actionable solutions and innovations that help make the world smarter, safer and more sustainable. For more news and information on Honeywell, please visit www.honeywell.com/newsroom
SOURCE Honeywell
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 💧 Revolutionizing the Green Hydrogen Market: City of Lancaster and City of Industry Launch First Public Hydrogen (FPH2)--the First Public Hydrogen Utility 🌿 Drax and Pathway Ener...
Inside This Issue 🌍 Carbon-Negative Fuels Pioneer Pathway Energy Debuts with Ultra Negative Sustainable Aviation Fuel and Plans for New SAF Facility on US Gulf Coast 🛠️ NETL Supported Completion o...
Inside This Issue 🏭 Technip Energies and GE Vernova Awarded a Major Contract for the Net Zero Teesside Power Project, Which Aims to Be the World’s First Gas-fired Power Station With Carbon Capture...
Electra and Interfer Sign MOU to Collaborate on Clean Iron and Green Steel Production
BOULDER, Colo., Dec. 17, 2024 (GLOBE NEWSWIRE) -- Electra, a clean iron company, and Interfer Edelstahl Group, a global steel and raw materials trader, have signed a memorandum of understanding (MO...
Copenhagen Infrastructure Partners Acquires Majority Stake in ABO Energy’s Wind and Hydrogen Project
ST. JOHN’S, Newfoundland and Labrador and COPENHAGEN, Denmark, Dec. 17, 2024 (GLOBE NEWSWIRE) -- Copenhagen Infrastructure Partners (CIP), through its Energy Transition Fund (CI ETF I), has acquire...
BOLINGBROOK, Ill., Dec. 17, 2024 /PRNewswire/ -- Hyzon (NASDAQ: HYZN) (Hyzon or the Company), a U.S.-based, high-performance, hydrogen fuel cell system manufacturer and technology developer focused...
Thyssenkrupp Nucera Prepared for Any US Shift on Green Hydrogen
FRANKFURT, Dec 17 (Reuters) - Thyssenkrupp Nucera, which makes electrolysers needed to produce low-carbon hydrogen, could quickly shift resources elsewhere if U.S. policies under President-elect Do...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.