- Diamond Energy was awarded Asian Power’s SmartGrid Project of the Year for implementing Pilot Dermand Response Programs in Ho Chi Minh City, Vietnam
- Funded by the World Bank and supported by the Electricity Regulatory Authority of Vietnam, the project targets efficiency gains through the deferral of grid investment, the adoption of energy conservation, and enhanced power system supply and demand management
- The Demand Response breakthrough in Vietnam sets Diamond Energy on a path toward changing the way electricity is consumed in Asia
Diamond Energy received the SmartGrid Project of the Year accolade at this year’s Asian Power Awards for the implementation of Pilot Demand Response Programs in Ho Chi Minh City, Vietnam.
Held in Bangkok, Thailand, the ceremony recognized a number of innovative project and initiatives in the power sector across the region. Diamond Energy’s project with Ho Chi Minh City Power Corporation - a subsidiary of Electricity Vietnam, is the first Demand Response initiative in Vietnam.
“Through the unique programs that were piloted, electricity consumers are able to tap into the power grid more efficiently while they earn money and reduce their electricity costs,” said Dallon Kay, president & CEO of Diamond Energy. “Demand Response allows adopters to achieve demand reductions which, in turn, reduce the city’s carbon footprint, helps manage grid congestion, and improves power supply adequacy during peak demand,” he added.
Initiated by the Electricity Regulatory Authority of Vietnam and funded by the World Bank, the project is a breakthrough for Diamond Energy and Ho Chi Minh City Power Corporation. Demand Response was piloted in the Saigon and Thu Thiem service areas with a combination of industrial and commercial electricity customers ranging from factories, hotels, shopping malls and high rise buildings.
The 2015 SmartGrid Project of the Year is the second award received by Diamond Energy at the Asian Power Awards. In 2014, the smart energy solutions provider was recognized for being the pioneering Demand Response Aggregator in the National Electricity Market of Singapore where the company has been operating over the past 10 years.
About Diamond Energy
Diamond Energy is an established smart energy solutions provider in Singapore. The company specialises in Demand Response and Smart Grid services and is dedicated to changing the way energy is used in Asia. Diamond Energy’s experience and capabilities span the energy supply chain. Our efforts are focused on realising Singapore’s vision of developing a leading smart energy economy.
The company is a dedicated and active player in the National Electricity Market of Singapore offering revolutionary and innovative Demand Response solutions that yield significant benefits for electricity customers. As the first Demand Response Aggregator in Singapore, Diamond Energy is a first mover in Singapore’s evolving Demand Response and Smart Grid sector.
This release was originally published here.