Hawaiian Electric Industries (NYSE:HE) (NYSE: HE) is a diversified energy holding company based in Honolulu, Hawaii. Through its wholly owned subsidiaries, the company provides electric utility and gas services to residential, commercial and industrial customers across the Hawaiian Islands. Its principal operating company, Hawaiian Electric Company, delivers reliable power to more than 95% of the state’s population on the islands of Oʻahu, Maui, Hawaiʻi Island and Lānaʻi, while its gas subsidiary, Hawai‘i Gas, supplies propane and other fuel products for residential, commercial and industrial use.
Founded in 1891 as the Honolulu Electric Company, the organization has a long history of serving the unique energy needs of island communities. In 1983, Hawaiian Electric Industries was established as a holding company to facilitate strategic growth and diversification. Over the decades, the company has expanded its footprint and capabilities, investing in infrastructure upgrades, grid modernization and the integration of renewable energy sources to enhance system resilience.
Hawaiian Electric’s service territory spans diverse geographic and climatic regions, from the urban center of Honolulu to rural communities on the outer islands. The utility operates generation assets that include oil-fired and natural gas plants, hydroelectric facilities, and a growing portfolio of solar and wind projects. Through its distributed energy resource programs, the company supports customer-sited solar installations and battery storage, advancing Hawaii’s ambitious clean energy goals.
Under the leadership of President and Chief Executive Officer Alan O. Nishimoto, Hawaiian Electric Industries is focused on transitioning to a carbon-neutral energy system by 2045. The company collaborates with state and local stakeholders to modernize the grid, enhance customer engagement and foster innovation in renewable technologies. With an experienced management team and a strategic commitment to sustainability, Hawaiian Electric Industries continues to play a central role in shaping Hawaii’s energy future.
