Panel to Parse ‘Perfect Storm’ of Energy Opportunities
On the surface, Hawaii’s energy sector seems poised for growth. But a Thursday panel discussion will dig deeper, assessing the state’s true prospects in industries that are innovating and growing quickly.
This yearÂ alone,Â the state setÂ an ambitious goalÂ to run entirely on renewable energy within 30 years, Henk Rogers made internationalÂ headlines with a new home battery storage startup, a Danish company announced plans forÂ an offshore wind farm, and we got a sexyÂ dashboard to track local energy use. From Â solar-powered planes to wind-powered yachts, Hawaii seems to be a can’t-miss stop forÂ any globe-spanning sustainability campaign.
But it hasn’t all been smooth sailing. Earlier this month, the state’s consumer advocate came out against a proposed $4.3 billion takeover of Hawaiian Electric, Hawaii’s largest energy supplier, by Florida-based NextEra Energy.
This month’s Hawaii Venture Capital Association luncheon is dedicated to energy, and one of the featured panelists isÂ Alex Weiss, NextEra’sÂ Chief Investment Officer. He’s the most recent addition to an already solid panel, includingÂ Colin Yost, Chief Operating Officer of RevoluSun,Â Rick Robertson, Senior Director of Power & Water at GE Ventures,Â Tad Glauthier, Vice President of Hawaii Operations at Stem, Inc., and Mark Glick, the state’s Energy Administrator.
The panel, “In Energy, All Eyes are on Hawaii,” will addressÂ funding energy innovation, and put Hawaii’s many initiatives in context with others around the world.
The HVCA says that Hawaii has “a perfect storm of economic and environmental conditions that make it the world’s best test bed for innovation.”
“The most innovative startups, backed by the likes of GE Ventures, Khosla Ventures and Bill Gates rather than the traditional Silicon Valley VCs, flock to our islands,” the group writes.Â “Non-traditional investors, such as large financial institutions and family offices, are establishing new models to deploy patient capital.”
TheÂ panelists, guided by moderator and Energy Excelerator director Dawn Lippert, will cover howÂ Hawaii businesses and entrepreneurs can capitalize on this influx of interest and capital.
The HVCA event will be held from 11:30 a.m. to 1:30 p.m. on Thursday, Aug. 27 at The Plaza Club (900 Fort Street, 20th Floor). Tickets are available online,Â $30 for HVCA members and $40 general admission. For more information, visit HVCA.org, connect with the HVCA on Facebook, or follow @HVCA808 on Twitter.
Photo courtesy Jim Larrison on Flickr.