Renewable Energy/Clean Tech

As an island state, Hawaii is uniquely positioned to support research and development in the Renewable Energy sector. Hawaii has abundant and year-round natural assets which can be turned into renewable electricity and transportation fuels: sunlight, wind, geothermal, ocean, and biomass energy sources. In addition, the state has numerous renewable energy investment incentives, which require all electric utilities to produce 20% of their power from non-fossil fuel sources by the year 2020, require all petroleum distributors to blend 10% of ethanol into the state’s gasoline supply, provide solar installation credits, and more. In addition, Hawaii has the highest electricity and waste disposal rates in the US, which allows new technologies to reach commercial viability more quickly.