Maui Business

Energy Accelerator Seeks Industry Input

July 31, 2012, 10:55 AM HST
* Updated July 31, 11:00 AM
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Hawaii wind farm. Photo courtesy of DLIR.

By Sonia Isotov

The Hawaii Renewable Energy Development Venture (HREDV) is seeking input from entrepreneurs, investors, energy companies, and others on the program structure and content of its new federally-funded energy accelerator program.

The HREDV has released the Energy Excelerator Request for Information (RFI) and is holding a RFI Workshop on August 9, 2012 on Oahu to discuss details of the program and hear feedback.

Register for the workshop at http://energyexcelerator.eventbrite.com. Space is limited to 40 attendees. Interested parties have until August 31 to submit their input in writing.

Windmills at Kaheawa, above Maalaea. Courtesy of First Wind.

Hawaii Renewable Energy Development Venture (HREDV) is launching Hawaii’s first clean energy accelerator program this fall to support and grow Hawaii’s cleantech industry.HREDV plans to award $600,000 ($20,000 – $100,000 per company) to 3-8 companies with clean energy technologies that advance Hawaii’s energy needs and can scale for global impact.

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Over five months, the program will provide entrepreneurs and companies tools and networks to develop their businesses.

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The program targets companies that are transitioning from grants to investment readiness, and/or are committed to launching pre-commercial technologies into a new venture.

The goals of the HREDV Energy Excelerator are to:

  1. Assist in the creation and growth of innovative energy technology companies;
  2. Attract capital to clean energy companies in Hawaii, enabling businesses to bring to market clean energy solutions that address energy issues in Hawaii and beyond;
  3. Grow knowledge and expertise within Hawaii’s clean energy community of strategies and resources that increase the opportunity for success; and
  4. Promote Hawaii and the Asia Pacific as a key region for energy innovation.

HREDV is based in Honolulu, HI, and is funded by the US Department of Energy’s Office of Energy Efficiency and Renewable Energy. HREDV is a project of the Pacific International Center for High Technology Research (PICHTR), a Hawaii-based non-profit that has been a catalyst for technology development across the Pacific Rim since 1983.

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For more information visit www.hawaiirenewable.com/excelerator. Read about the state’s economic accelerator program.

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