HE
- Hawaiian Electric Industries, Inc.
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Overview
Company Summary
Hawaiian Electric Industries, Inc. (HE) is a company that operates in the utility industry in Hawaii. Its primary operations include providing electricity and banking services to customers on the islands.
In terms of its electricity operations, Hawaiian Electric Industries, through its subsidiaries, serves as the parent company for three electric utility subsidiaries in Hawaii: Hawaiian Electric Company, Maui Electric Company, and Hawaii Electric Light Company. These subsidiaries generate and distribute electricity to residential, commercial, and industrial customers across the state. They own and operate power generation facilities, including traditional fossil fuel-based power plants, as well as renewable energy sources like solar, wind, and geothermal.
Hawaiian Electric Industries recognizes the importance of transitioning to a cleaner and more sustainable energy future. The company actively invests in renewable energy projects, works towards meeting Hawaii's ambitious clean energy goals, and promotes energy efficiency initiatives.
Aside from its utility operations, Hawaiian Electric Industries operates a banking subsidiary called American Savings Bank. American Savings Bank provides a range of banking services to individuals, businesses, and communities. These services include checking and savings accounts, loans, mortgages, credit cards, and financial planning assistance.
Overall, Hawaiian Electric Industries plays a significant role in Hawaii's energy sector, ensuring the reliable delivery of electricity while also contributing to renewable energy integration. Additionally, through its banking subsidiary, the company supports the financial needs of individuals and businesses in the Hawaiian community.