Trystan Casey
Hawaiian Electric Industries, Inc. (HEI) is the largest electricity supplier in the U.S. state of Hawaii, providing power to 95% of the state's population. HEI is the parent company of Hawaiian Electric Company (HECO), which serves the island of Oahu, Hawai'i Electric Light Company (HELCO), which serves the Big Island, and Maui Electric Company (MECO). As of December 31, 2024, HEI had a total of 472,536 customers, with an earlier figure of 306,978 reported for 2023. The company has been in operation since 1891 and is committed to providing affordable, reliable, and sustainable energy to its customers.
| Characteristics | Values |
|---|---|
| Total number of customers | 472,536 (as of 31/12/2024) |
| Percentage of Hawaii's population served | 95% |
| Total population served | 1.4 million (95% of Hawaii's 1.4 million population) |
| Renewable energy percentage (based on generation) | 36% (2024) |
| Total firm generating capability in 2023 | 1,614.5 megawatts |
| Number of customers served in 2023 | 306,978 |
| Non-firm capacity in 2023 | 987.6 megawatts |
| Percentage of power from renewable resources in 2022 | 28% |
| Total firm generating capability in 2022 | 273.1 megawatts |
| Number of customers served in 2022 | 73,933 |
| Non-firm capacity in 2022 | 212.2 megawatts |
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What You'll Learn
- Hawaiian Electric Industries, Inc. (HEI) supplies power to 95% of Hawaii's population
- HEI's total generating capacity in 2023 served 306,978 customers
- Hawaiian Electric Company (HECO) provides electricity to the island of Oahu
- Hawai'i Electric Light Company (HELCO) serves the Big Island
- Maui Electric Company (MECO) was acquired by HECO in 1968
Hawaiian Electric Industries, Inc. (HEI) supplies power to 95% of Hawaii's population
Hawaiian Electric Industries, Inc. (HEI) is the largest electricity supplier in the U.S. state of Hawaii, providing power to 95% of the state's population. HEI was formed in 1983 as a holding company for various utilities, including the Hawaiian Electric Company (HECO), the Hawai'i Electric Light Company (formerly Hilo Electric Light Company), and the Maui Electric Company (MECO).
HECO serves Oahu, while HELCO serves Hawaii Island, and MECO serves Maui, Lanai, and Molokai. Together, these subsidiaries of HEI provide electricity to a total of 472,536 customers as of December 31, 2024. The number of customers served by HEI has grown over the years, with 306,978 customers recorded in 2023 and 73,933 in 2022.
HEI is committed to renewable energy and has pledged support for the state's goal of 100% renewable energy by 2045. The company has also set a goal for the majority of vehicles in Hawaii to be electric by 2045. As of 2024, 36% of its energy was renewable, with a renewable energy peak of 41.1% on August 23, 2024.
In addition to its electric utilities, HEI also owns a financial institution, American Savings Bank, and a clean energy and sustainability company, Pacific Current LLC. The company is a major employer in the state and actively contributes to community and educational programs.
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HEI's total generating capacity in 2023 served 306,978 customers
Hawaiian Electric Industries, Inc. (HEI) is the largest electricity supplier in Hawaii, providing power to 95% of the state's population. HEI's total generating capacity in 2023 served 306,978 customers, with a total firm generating capability of 1,614.5 megawatts. This is a significant increase from 2022, where total firm generating capability was 280.5 megawatts serving 88,757 customers.
HEI has a strong focus on renewable energy and has pledged to support the state's goal of 100% renewable energy by 2045. In 2022, 28% of its power came from renewable resources, an increase from 25% in 2020. HEI also encourages the adoption of electric vehicles, with a goal to make the majority of vehicles in Hawaii electric by 2045.
The company has a long history in Hawaii, dating back to 1914 when Hawaiian Electric established service to the windward side of Oahu. Over the years, HEI has expanded through acquisitions and mergers, including the purchase of Hilo Electric Light Company in 1970 and the creation of a holding company, HEI, in 1983 to manage its various utilities. Today, HEI operates through its subsidiaries: Hawaiian Electric Company, Hawai'i Electric Light Company, and Maui Electric Company, employing more than 2,000 people.
HEI's commitment to its customers and the community is evident through its progress in reducing risks, such as the development of a self-healing grid in eastern Oahu and Waikiki, and its support for renewable energy initiatives, including solar and wind power. With its strong presence and dedication to clean energy, HEI continues to play a vital role in powering Hawaii's homes and businesses.
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Hawaiian Electric Company (HECO) provides electricity to the island of Oahu
The Hawaiian Electric Company, also known as HECO, is the largest supplier of electricity in the U.S. state of Hawaii. It provides electricity to 95% of the state's population, which equates to around 472,536 customers as of December 31, 2024.
HECO serves the island of Oahu, as well as Maui, Molokai, Lanai, and Hawaii Island. The company has a long history in the region, dating back to 1914 when it established service to the windward side of Oahu. In 1915, the Hawaiian Electric Company was granted the right to supply power to the entire island.
Over the years, HECO has expanded its operations and acquired several other power companies in the region, including the Hilo Electric Light Company in 1970 and the Molokai Electric Company in 1989. In 2013, HECO began working with Siemens to develop a self-healing grid in eastern Oahu and Waikiki to ensure a reliable electricity supply.
HECO is also committed to adopting renewable energy sources and supporting the use of electric vehicles. The company has pledged to support the state's goal of achieving 100% renewable energy by 2045 and aims to have the majority of vehicles in Hawaii be electric by that same year. HECO has also implemented several programs to promote energy efficiency and the use of renewable energy sources, such as its "Energy$olutions" rebate program and its online solar resource center, "Going Solar."
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Hawai'i Electric Light Company (HELCO) serves the Big Island
The Hawaii Electric Light Company (HELCO) serves the Big Island, providing electricity to 95% of the residents of Hawaii on the island. The company was formerly known as the Hilo Electric Light Company, but was renamed in 1959 when Hawaii became a state and Oahu was entirely electrified.
HELCO was acquired by the Hawaiian Electric Company (HECO) in 1970, and in 2019, it was announced that HECO and its subsidiaries, MECO and HELCO, would begin operating under a single name: Hawaiian Electric. This unified identity reflects their shared goal of providing power to the people of Hawaii and their commitment to renewable energy initiatives.
As part of Hawaiian Electric, HELCO serves approximately 472,536 customers as of December 31, 2024. This includes those on Oahu, Maui, Molokai, Lanai, and Hawaii Island. The company's total firm generating capability in 2023 was 1,614.5 megawatts, serving 306,978 customers.
HELCO's history on the Big Island is long and established, with a focus on reliable electricity provision and a commitment to renewable energy sources. The company has played a significant role in electrifying the island and continues to be a vital presence in ensuring the lights stay on for the people and businesses of Hawaii.
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Maui Electric Company (MECO) was acquired by HECO in 1968
Hawaiian Electric Industries, Inc. (HEI) is the largest electricity supplier in Hawaii, providing power to 95% of the state's population. HEI is the parent company of Hawaiian Electric Company (HECO), which serves the island of Oahu, Hawai'i Electric Light Company (HELCO), which serves Hawaii Island, and Maui Electric Company (MECO), which serves Maui, Lanai, and Molokai.
In the following years, MECO continued to grow and diversify its energy sources, purchasing two high-speed diesel generators in 1986, acquiring the Lanai City Power Plant in 1988, and the Molokai Electric Company in 1989. MECO has also been recognised for its community contributions, receiving the "Community Partner of the Year" award from Maui Community College in 2001 and a grant of over $1 million from the U.S. Department of Agriculture in 2003 to fund solar energy projects for rural families on Molokai.
Today, MECO continues to serve the people of Maui, Lanai, and Molokai, providing reliable electricity and contributing to the development of renewable energy projects. The company has also played a role in the electrification of transportation in Hawaii, with initiatives to encourage the adoption of electric vehicles.
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Frequently asked questions
As of 31/12/2024, Hawaiian Electric Company provided electricity to 472,536 customers. This number represents 95% of the residents of the State of Hawaii.
Over the years, the Hawaiian Electric Company has adapted to meet customers' needs in several ways. In 1999, the company unveiled an e-bill service, allowing customers to view and pay their electric bills online. In 2012, they launched an online solar resource centre called "Going Solar" to provide customers with information on solar energy options.
The company has set a goal to have the majority of vehicles in Hawaii be electric by 2045. As of November 2018, electric vehicles made up only 1% of all vehicles in the state.
The Hawaiian Electric Company, along with Hilo Electric Light Company and Maui Electric Company, employs more than 2,000 people.
Established in 1891, Hawaiian Electric is dedicated to empowering its customers and communities by providing affordable, reliable, clean, and sustainable energy. They are committed to seeking clean local energy sources to power generations to come.
