Hawaiian Electric Industries (HEI) is a publicly traded holding company headquartered in Honolulu, Hawaii. It is the parent company of three electric utilities that provide power to the majority of Hawaii's population: Hawaiian Electric Company, Maui Electric Company, and Hawaii Electric Light Company. HEI also owns a financial services company, American Savings Bank.

HEI is committed to decarbonisation and transitioning to a clean energy future. Hawaii has set a goal of achieving 100% renewable energy by 2045, and HEI is playing a key role in making that goal a reality. In 2020, 34% of the electricity generated by HEI's utilities came from renewable sources, including solar, wind, and hydroelectric power.

HEI's commitment to renewable energy is reflected in its corporate energy strategy. The company is focused on increasing the amount of renewable energy in its generation mix, while also reducing its reliance on fossil fuels. HEI is investing in new renewable energy projects, such as wind farms and solar arrays, and is also exploring new technologies, such as energy storage and electric vehicle charging infrastructure.

One way that HEI is accelerating the transition to renewable energy is through corporate power purchase agreements (PPAs). A corporate PPA is a contract between a company and a renewable energy developer, in which the company agrees to purchase a certain amount of renewable energy from the developer over a set period of time. HEI has signed several corporate PPAs in recent years, including agreements to purchase energy from wind and solar projects on the islands of Oahu and Maui.

HEI is also exploring the use of corporate PPAs to help its customers transition to renewable energy. The company has launched a program called "Green Energy Market Securitization" (GEMS), which allows customers to finance the installation of renewable energy systems through a bond program. The bonds are backed by the revenue from corporate PPAs signed by HEI, which helps to reduce the risk for investors.

HEI's commitment to decarbonisation and renewable energy is not only good for the environment, but it also makes good business sense. Renewable energy is becoming increasingly cost-competitive with fossil fuels, and HEI is well-positioned to take advantage of this trend. The company's investments in renewable energy are also helping to create jobs and stimulate economic growth in Hawaii.

HEI's commitment to sustainability extends beyond its energy operations. The company has set ambitious goals to reduce its carbon footprint and increase its use of sustainable materials and practices. HEI is committed to reducing its greenhouse gas emissions by 50% by 2022, and has already made significant progress towards this goal.

HEI is also committed to promoting sustainability in the communities it serves. The company has launched several initiatives to support local sustainability efforts, including a program to provide free energy audits to small businesses and a partnership with the University of Hawaii to develop renewable energy technologies.

In conclusion, Hawaiian Electric Industries is a leader in the transition to a clean energy future. The company is committed to decarbonisation and renewable energy, and is investing in new technologies and partnerships to accelerate this transition. HEI's commitment to sustainability extends beyond its energy operations, and the company is working to promote sustainability in the communities it serves. As Hawaii continues to move towards its goal of 100% renewable energy, HEI will play a key role in making this vision a reality.