Tomorrow's Energy Creators

Vietnam Urban Energy Security funded by the United States Agency for International Development (USAID), has launched an Innovation Challenge Fund (ICF) for “Tomorrow’s Energy Creators”. The Project is offering support to organizations seeking to pilot/demonstrate new products, business models, or financing models for advanced, distributed urban energy systems. Participating organizations have an opportunity to secure funding of up to USD 100,000 to take their innovations through to replication and commercial application, thereby contributing to the adaptability of the energy supply system and urban energy security.

Categories

The five categories for “Tomorrow’s Energy Creators” include:

Transportation

Widespread low-carbon public and private vehicle options in Vietnam’s cities.

Building efficiency

Using technological solutions to improve building efficiency in cities.

Electricity generation

Initiatives to increase the share of clean energy in the total energy supply.

Electricity delivery and management

Optimizing power transmission and management, solving the problem of energy supply-demand imbalance.

Water efficiency

Saving and optimizing the treatment and use of clean water significantly reduces energy consumption.

Benefits

1

Funding for up to 20 pilots and/or demonstrations:

These solutions have the potential to contribute to the goal of greater urban energy resilience and energy security; however, for various reasons, there is likely to be resistance to their uptake.
2

Commercial-scale development:

Organizations with bold ideas across the following categories are encouraged to apply: transportation, building efficiency, electricity generation, electricity delivery and management, and water efficiency.
3

Large-scale development

Supporting the piloting and/or demonstration of innovative ideas in Danang and/or Ho Chi Minh City that have the potential to achieve scale and commercialization.

Who can apply?

Organizations that are registered in Vietnam, particularly female-led organizations (including US and local non-governmental organizations, universities, private for-profit organizations, technology suppliers/developers, and training institutions) with bold ideas across, but not limited to, the following sectors:
• Transportation;
• Building efficiency;
• Electricity generation;
• Electricity delivery and management;
• Water efficiency.

Evaluation Criteria

1. The proposed solution addresses HCMC and/ or Danang stated advanced, distributed energy objectives or targets
2. The proposed solution is innovative in the context of Vietnam and the target cities of Danang and/ or HCMC .
3. The proposed solution has the potential to be scaled/ commercialized (technically and financially feasible) in the context of Vietnam and the target cities of Danang and/ or HCMC
4. Potential contribution of proposed innovation, once scaled, to the following Project results:
· MW of advanced, distributed energy systems deployed;
· Public and private investment mobilized
· GHG emissions reduced
5. Offeror demonstrates clear approach and ability to achieve deliverables
6. Realistic and Clear Request for Funding sought from the Project
7. Additional information on the applicant’s company, e.g. gender inclusion strategies, how the company’s practices demonstrate a commitment to social inclusion (if applicable)

Expressions of Interest (EOIs)

  • Type of organization e.g. university; CSO; for-profit etc.; years of operation; ownership structure; location; business model;
  • Products and services offered (drawing attention to advanced, distributed energy solutions);
  • Current state: market share, revenues and investment received during the last 3 years;
  • Description of organization’s presence in Danang and/ or Ho Chi Minh City, Vietnam;
  • Office locations, and number of staff.
  • Advanced distributed energy solutions type/technology; if innovative or new to Vietnam, please elaborate, including risks and opportunities.
  • Description of the product, business model, or financing model.
  • Intended location of the pilot/demonstration (name of city (or cities) and description of the site(s) within the city/cities, e.g., factory).
  • The stage of development the product, business model, or financing model has reached.
  • Expected duration of pilot/ demonstration;
  • Estimated annual renewable energy generated or energy saved in MWh (equivalent or TOE equivalent) and the method use for estimation.
  • Estimates on the extent to which the product, business model, or financing model could be scaled or commercialized in the Vietnamese market.
  • Value of funding sought from the Project and the main cost components:
  • Contribution, by type (and its value) provided by the organization.
  • Explanation of why the ICF is necessary, and how it will help in moving the product, business model, or financing model forward.
  • Additional information on the applicant’s organization, e.g., gender inclusion strategies (if applicable).

Selection process

Step
USAID Vietnam Urban Energy Security will review all EOIs and make a shortlist. Unsuccessful applicants will be notified. Selected organizations may be contacted by Project staff seeking further information or clarification, or with information and instructions on the next steps.
Step
Shortlisted organizations are invited to submit a Technical and Cost Proposal in MS Word and MS Excel. A Technical Evaluation Committee will award funding to selected innovations based on a set of pre-determined and advertised selection criteria.

Submission deadline Round 3

18:00 (ICT) - 15/07/2022

Further questions may be submitted in English only by email no later than 6:00 PM ICT on Friday, June 24, 2022, via VUESActivityFund@dai.com

Featured projects

Battery energy storage system

Advanced energy storage system Promotes energy efficiency, balances the load curve and reduces CO2 emissions. Has industrial and commercial applicability.

Demonstrating a smart control system for air compressors for use in the industrial sector

A Japanese company called Heartech-Miwa has invented a smart control system for air compressors that can support GVN policies to promote energy efficiency. This innovative technology can help Vietnamese industrial plants that use groups of air compressors to save on electricity consumption.

Demonstrating cooling storage system technology for use in the commercial and industrial sector

In support of GVN policies to promote energy efficiency, Energy Saving Solutions Vietnam has developed a thermal energy storage (TES) system to efficiently cool buildings. TES is technology that allows the transfer and storage of heat energy or, alternatively, energy from ice or cold air or water.

Demonstrating an innovative smartphone application to encourage energy saving by electricity customers

ICom will create a smartphone application called Smart EVN that will support GVN policies to promote energy efficiency. The app will allow EVN customers to monitor their electricity consumption, receive advice about how to use electricity more efficiently, and earn points by participating in energy-saving and rooftop solar installation campaigns.

Demonstrating eco-power meters for use in the commercial and industrial sector

The School of Electrical Engineering (SEE) has developed the eco-power meter in support of GVN policies to promote energy efficiency. The eco-power meter maximizes energy efficiency through visualizing energy consumption and promoting energy efficiency actions by consumers.

Frequently asked questions

The ICF is an opportunity for companies to:

  • Introduce solutions to government, the private sector, and other stakeholders;
  • Commercialize and expand their innovative solutions;
  • Help Vietnam achieve its energy and climate-change goals.