Over 18 energy professionals were interviewed at the Engerati studio on day 2 of Asian Utility Week, giving us a deeper insight into Asia's energy challenges as well as its great potential.
The need for innovation in Asia's energy sector was a common theme and our interview with James Colbert and Richard McIndoe of Edge Electrons, which won the Asian Innovation Award at the event, highlighted this.
Stefan Padberg, MD at RWE New Ventures LLC pointed to markets and countries in South East Asia that are of particular interest to the company as far as innovation is concerned and Professor Teddy Puttgen, Senior Director at Energy Research Institute Nanyang Technological University also highlighted the importance of innovation in the energy sector as it seeks to change energy mixes and improve efficiency. Dr Bartosz Wojszczyk, President and CEO at Decision Point Global said that startups needed more support and that a "one stop" service would help them further develop their potential.
Csilla Kohalmi-Monfils, EVP Strategy and New Business, ENGIE Asia Pacifics says that utilities should recognise the importance of embracing change and creating new business models despite policies that often stand in the way of development. Smart grid developments are seeing major growth in Asia as countries scramble to meet escalating consumption levels. Nguyen Minh Quang, Power System Expert at Vietnam Electricity's (EVN) Power System Analysis and Planning Department underlined the opportunities that the smart grid will bring to the country especially when it comes to renewable integration and Dr Yen-Haw Chen, Deputy Secretary General at Taiwan Smart Grid Industry Association explained how smart grids are currently playing a key role in Taiwan's sustainable development.
The importance of the distributed energy system was highlighted as critical to improving access levels in the region. Igor Leroux, Director of Business Development APAC, AutoGrid Systems explained the importance of low risk, fast implementation and rapid deployment of these systems. The interviews during the last day of the event certainly highlighted the vast potential in the region's energy development and that Asia's utility business models are currently undergoing major transformation, with innovation and the evolution of technology enabling this. The next year should prove to be an exciting one for local utilities, investors and vendors and we can't wait to follow up on the region's progress.
Keep an eye out for the live interviews which will be published shortly.