Hawaiian Electric Company’s Grid Modernization Strategy
Carbon, Climate Action, Renewables, Utility
In order to help reach the Hawaii renewable portfolio standard (RPS) mandate of 40% of net electricity sales by the end of 2030; 70% by the end of 2040; and 100% by the end of 2045, Hawaiian Electric Company has laid out a Grid Modernization Strategy. This strategy describes the scope and estimated cost of the work required to update the Hawaiian Electric Companies’ energy network in the next six years. Along with meeting RPS standards, a few objectives of this strategy include reducing the need for imported oil faster, grid resiliency in the case of outages, and more customer information and control over the energy they use. Through the Grid Modernization Strategy, Hawaiian Electric Company hope to spur economic growth and energy sustainability.