Let $\mathfrak g$ be a locally finite split simple complex Lie algebra of type $A_J$, $B_J$, $C_J$ or $D_J$ and $\mathfrak h \subseteq \mathfrak g$ be a splitting Cartan subalgebra. Fix $D \in \mathrm{der}(\mathfrak g)$ with $\mathfrak h \subseteq \ker D$ (a diagonal derivation). Then every unitary highest weight representation $(\rho_\lambda, V^\lambda)$ of $\mathfrak g$ extends to a representation $\tilde\rho_\lambda$ of the semidirect product $\mathfrak g \rtimes \mathbb C D$ and we say that $\tilde\rho_\lambda$ is a positive energy representation if the spectrum of $-i\tilde\rho_\lambda(D)$ is bounded from below. In the present note we characterise all pairs $(\lambda,D)$ with $\lambda$ bounded for which this is the case. If $U_1(\mathcal H)$ is the unitary group of Schatten class $1$ on an infinite dimensional real, complex or quaternionic Hilbert space and $\lambda$ is bounded, then we accordingly obtain a characterisation of those highest weight representations $\pi_\lambda$ satisfying the positive energy condition with respect to the continuous $\mathbb R$-action induced by $D$. In this context the representation $\pi_\lambda$ is norm continuous and our results imply the remarkable result that, for positive energy representations, adding a suitable inner derivation to $D$, we can achieve that the minimal eigenvalue of $\tilde\rho_\lambda(D)$ is $0$ (minimal energy condition). The corresponding pairs $(\lambda,D)$ satisfying the minimal energy condition are rather easy to describe explicitly.