We were honored to visit PECC2 today as we learned about increasing sustainability in the energy sector. PECC2 is a company focused on power project consulting and engineering. They have single-handedly greatly increased the use of renewable energy sources all over Vietnam such as solar energy, hydropower, and wind energy. Their role in numerous energy infrastructure projects has shaped development in Vietnam by expanding energy production capabilities. They are diversifying the energy extraction methods, which allows for energy to be used in more unique scenarios of different conditions. For example, it was explained in the presentation that hydrogen power brings advantages through long-term storage and easier transportation. Beyond the contributions to the economy and attracting foreign investment, PECC2 is also creating new technological approaches to their projects which was incredibly fascinating to see in practice (I was very excited to get to use their VR set!!!).
Most notably, they have a huge environmental impact, as Vietnam is subject to many struggles by climate change. PECC2 alongside Vietnam is committed to reducing the carbon footprint as companies stray from fossil fuels. As mentioned in today’s lecture at UEF, Vietnam has a Power Development Plan VIII in which they wish to reach certain achievements by 2030 regarding renewable energy. PECC2 also has many goals to achieve by 2030. Among those that I have pictured below, it is incredibly impressive that by 2030 they write that they predict to have 50% of office buildings and homes to be powered by self-consumption solar power. Among their other goals shown in the same picture, PECC2 will greatly contribute to Vietnam’s overall Green Energy plan.
Personally, it was interesting to see the business and investment aspects that go into renewable energy, as that is a perspective I have no previous experience with. I was fascinated by all aspects of this company visit and I hope to learn more about the innerworkings of PECC2 and similar companies operating in Vietnam.
