The U.S. government has unveiled a US$36-million Vietnam Low Emission Energy Program II (V-LEEP II) fund to be disbursed over five years to speed up Vietnam’s transition to clean energy.

The program is funded by the U.S. Agency for International Development (USAID).

It is meant to help Vietnam develop a clean, secure and market-based energy sector by increasing the deployment of advanced energy systems, improving energy sector performance, and increasing competition in the energy sector, according to the U.S. Consulate General in Ho Chi Minh City.

The consulate general organized a seminar on Thursday to discuss the role of hydrogen fuel technology in green energy transition, as part of the project.

Many researchers evaluated Vietnam as a country with great potential for the development of hydrogen fuel, one of the cleanest alternative sources of raw materials produced from wind and solar energy as it is zero-carbon.

Clean hydrogen can be mixed with traditional fuels such as gas to reduce emissions and to be used in many industries such as steel, chemicals, fertilizers, and transportation. 

Hydrogen is also a great form of chemical energy storage, providing clean backup.

Speaking at the event, Susan Burns, the U.S. Consul General in Ho Chi Minh City, assessed that Vietnam has the advantage of geographical location to thrive in clean hydrogen production. 

The diplomat once again emphasized the U.S.’ enthusiasm in supporting Vietnam shifting toward green energy, in line with the global trend.

Among different forms of recycled energy, Vietnam’s offshore wind power potential is forecasted to reach 160GW in the long term and is one of the most abundant sources of supply in Southeast Asia, according to statistics from the Danish Energy Agency.

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