KiWi Power's expansion aims to provide interruptible load and demand response services a growing market. Reports show that energy demand in the region could increase by more than 80% in the next 20 years, which will require around $1.7 trillion of investment in the energy supply infrastructure.
“Southeast Asia is an important market for us and we look forward to developing a strong presence in the region," said Ziko Abram, director and co-founder of KiWi Power. "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."
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.