Hawaiian Electric Company Announces Ameresco Award to Develop the 'Ūkiu Energy 40MW Renewable Energy Site
February 21 2024 - 7:05AM
Business Wire
- Adding critical grid reliability to Maui and
moving Hawaii closer to its clean energy goals -
- 40MW to be added to Ameresco’s Energy Assets
in Development -
Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator
specializing in energy efficiency and renewable energy, today
announced its award from Hawaiian Electric Company for the proposed
'Ūkiu Energy 40-megawatt (MW) renewable energy site in Maui. This
innovative facility will add critical grid reliability to the
island and move Hawaii closer to its clean energy goals, including
the state's commitment to achieving 100% renewable electricity and
carbon neutrality by 2045.
The proposed facility will include a biofuel-powered generator
with six dual-fuel engines. It will offer firm renewable energy and
provide a highly flexible capacity resource. This facility will
also maintain power quality, enhance grid reliability, and allow
for the additional integration of intermittent renewable resources.
Importantly, in the event of a power outage, it will have the
ability to be brought online, in black start mode, to help repower
the grid. Additionally, the fast, flexible engines will enable the
current fossil fuel generators to turn down their idling engines,
supporting decarbonization efforts. Key outcomes include not only
renewable energy provided 24/7 to the island, but also a reduction
in Maui’s dependence on foreign sources of fuel.
In support of the 'Ūkiu Energy facility, Ameresco is steadfast
in its commitment to identifying meaningful ways to benefit the
local community. This includes supporting community organizations,
social service providers, and non-profit organizations focused on
environmental and natural hazard mitigation, quality-of-life
enhancements, homelessness, Science Technology Engineering and Math
(STEM) education, and youth recreation. Ameresco looks forward to
engaging with the community to identify and support programs that
benefit the local region throughout the life of the facility.
“We are honored to play a pivotal role in Hawaii’s journey
toward a sustainable and resilient energy future,” said Nicole
Bulgarino, Executive Vice President of Ameresco. “The 'Ūkiu Energy
site will continue to reduce Maui’s dependence on fossil fuels and
pave a pathway that not only benefits our environment as a whole,
but also enriches the island’s local communities.”
The facility is part of Hawaiian Electric Company’s latest phase
of clean energy procurements aimed at reducing Hawaii’s dependence
on imported oil for power generation. After the 'Ūkiu Energy
contract is finalized, it will be submitted to the Public Utilities
Commission (PUC) for review and approval. Once approved, it will be
built, owned, and operated by Ameresco, and is designed to
interconnect to the Maui electrical grid at the new Hawaiian
Electric Waena substation.
'Ūkiu Energy is Ameresco’s fourth award with Hawaiian Electric,
building on the success of Kūpono Solar, a 42MW solar and
42MW/168MWh battery storage facility, on Oahu expected to come
online in Q2 2024, Pu`uloa Energy, a 99MW firm renewable generation
facility, on Oahu expected online in 2027, and Pu`uloa Solar, a 6MW
solar and 6MW/30MWh battery storage facility, on Oahu expected
online in 2026. 'Ūkiu Energy, Pu`uloa Energy and Pu`uloa Solar
remain subject to PUC approval.
Additional information about 'Ūkiu Energy can be found at
ukiuenergy.com.
To learn more about Ameresco and the company’s clean energy
solutions, visit www.ameresco.com.
About Ameresco, Inc. Founded in 2000, Ameresco,
Inc. (NYSE:AMRC) is a leading cleantech integrator and renewable
energy asset developer, owner and operator. Our comprehensive
portfolio includes solutions that help customers decarbonize to net
zero and build energy resiliency while leveraging smart, connected
technologies. From implementing energy efficiency and
infrastructure upgrades to developing, constructing, and operating
distributed energy resources – we are a trusted sustainability
partner. Ameresco has successfully completed energy saving,
environmentally responsible projects with Federal, state and local
governments, utilities, healthcare and educational institutions,
housing authorities, and commercial and industrial customers. With
its corporate headquarters in Framingham, MA, Ameresco has more
than 1,300 employees providing local expertise in North America and
Europe. For more information, visit www.ameresco.com.
The announcement of a renewable energy asset award is not
necessarily indicative of the timing or amount of revenue from such
asset, of the company’s overall revenue for any particular period
or of trends in the company’s overall total assets in development
or operation. This project was not included in our previously
reported assets in development as of September 30, 2023.
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version on businesswire.com: https://www.businesswire.com/news/home/20240221479119/en/
Media: Ameresco: Leila Dillon, 508-661-2264,
news@ameresco.com
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