Big Island energy
Hawaiian Electric Company announced it will start using locally produced biofuel.
The agreement between Hawaii Bioenergy (HBE) and Hawaiian Electric estimates the state’s electric company will purchase about 10 million gallons of fuel annually from HBE.
“The PUC’s approval of this agreement sets a clear path for achieving the state’s long-term economic and clean energy interests,” said Gov. Neil Abercrombie. “This agreement will contribute to Hawaii’s green job growth, which is a key part of Hawaii’s economic transformation through the expanding clean energy sector.”
HBE is a consortium of three of Hawaii’s largest landowners and three venture capital companies that plan to use locally grown feedstocks to produce biofuels. The agreement allows HBE to provide Hawaiian Electric with biofuels produced from dedicated local sustainable energy crops on Kauai to offset and reduce imported fossil fuels.