KiWi Power Ltd. has opened an office in Singapore to develop smart-grid hardware and software technologies. This will allow KiWi Power to provide interruptible load and demand response services and bring its expertise and leading smart technology platform to Asia. Rising energy use in the region has resulted in the International Energy Agency (IEA) urging countries to take serious action to reduce power usage and improve energy efficiency. Demand response is an effective and financially attractive way for large energy users to reduce energy consumption, lower their carbon footprint and generate new revenue streams.
Ziko Abram, director and co-founder of KiWi Power, said: "Southeast Asia is an important market for us and we look forward to developing a strong presence in the region. Our new office enables KiWi Power to play an important role in helping Singapore and other countries reduce their reliance on fossil fuels and improve energy security. We are particularly excited to be working with the Government of Singapore, which has in 50 short years, become an international leader in clean technology and business development."
Reports show that energy demand in the region could increase by more than 80% in the next 20 years, and around $1.7 trillion of investment in the energy supply infrastructure will be required over the same period. To address the rise in economic and environmental pressure, many governments and organizations have begun promoting energy efficiency as a key strategic initiative. Singapore is KiWi Power's third office opening following London and Tel Aviv and marks its entry into the Asia Pacific Region (APAC). Singapore is expected to serve as a launch pad for further regional expansion.
Goh Chee Kiong, Executive Director, Cleantech, Building and Infrastructure Solutions at Singapore's Economic Development Board, said: "Smart grid and demand response represent a focus area for Singapore, in line with the strong potential for commercial applications in Asia. Companies can leverage Singapore's strengths in technology, systems integration and whole-of-government coordination to develop, test and commercialise innovative clean energy solutions for global markets. KiWi Power's new Asia Pacific office in Singapore will increase the vibrancy of the clean energy industry ecosystem by developing new demand response solutions."