Business

Hawaii ‘Energy Excelerator’ gets $30M from Navy

The Navy’s Office of Naval Research, under the Asia Pacific Technology Education Program, announced today that it will invest $30 million dollars in the Hawaii-based Energy Excelerator. The new Navy commitment triples the funding that the program operated with over the past three years, showing that they recognize the value of Hawaii as an ideal place for new energy innovation. The Energy Excelerator funds seed-stage and growth-stage startups with compelling energy solutions and immediate application in Hawaii. [...]

Entrepreneur, Deal of the Year awards announced

The Hawaii Venture Capital Association awarded its 2012 HVCA Deal of the Year to Darren Kimura, CEO of Sopogy, maker of concentrated thermal solar collectors. In addition five local entrepreneurs were acknowledged in various categories with the HVCA Entrepreneur of the Year award. The Young Entrepreneur award went to Scott Mercer of Volta Industries, makers of advertising driven free electric vehicle charging stations. Dan Leuck, co-founder of CONTIX and CEO and founder of Ikayzo won the Software Entrepreneur award. Ken Berkun, founder of Labels That Talk won the Inventor Entrepreneur award for his patented invention, Soundpaper. Winner of the Socially Responsible Entrepreneur of the Year award is Elyse Petersen, founder of Tealet, a social enterprise that connects tea drinkers with small tea growers around the world. David Watumull, co-founder of CARDAX Pharmaceuticals and former CEO of Hawaii Biotech was acknowledged for his many years of devoted entrepreneurship in biotech as the 2012 Legacy Entrepreneur. “These entrepreneurs are local heroes and role models. They have worked long hard days, made personal sacrifices and taken extreme risks that prove there are people in Hawaii that have what it takes to build great companies,” said Bill Spencer, President of the Hawaii Venture Capital Association. [...]

Navy powers up city’s largest solar facility

An official “Flip the Switch” ceremony and Hawaiian blessing was held today to mark the completion of more than 4,300 solar panels installed at the Pearl City Solar Energy Facility. Capable of generating 1.23 megawatts of electricity, it is now the newest and largest utility-scale solar photovoltaic project on O’ahu. This project marks the fourth utility-scale solar facility that developer Forest City Hawaii has completed in Honolulu, making it one of the largest renewable-energy developers and owners in the state. At today’s ceremony, Jennifer Sabas, chief of staff for U.S. Sen. Daniel Inouye, praised the project’s vision, and Governor Neil Abercrombie commended the project for advancing the state’s clean energy goals. These sentiments were echoed by other event attendees, including Jerrod Schreck, president of Hoku Solar, and Connie Lau, president and CEO of Hawaiian Electric Industries, chairman of Hawaiian Electric Company, Inc. and chairman of American Savings Bank. [...]

BizGym partners with Hong Kong accelerator

BizGym.com, an online rapid business plan building program based in Hawaii, has formed a partnership with CyberPort, the largest information technology accellerator in Hong Kong. The relationship was sparked by BizGym.com’s recent partnership in “Hawaii Tech Asia,” a business development tour organized by Hawaii Business and Entrepreneur Acceleration Mentors (HiBeam). The two companies will create a Chinese language version of the BizGym online entrepreneur’s toolset, branding it as the “Cyberport Business System powered by BizGym.” It will feature team-matching, collaborative business planning and a direct link to Cyberport’s micro-fund application process. Operations will begin by year-end in Hong Kong and mainland China. Cyberport is a government-owned enterprise, and when breaking news of the partnership on Hawaii Public Radio’s Bytemarks Cafe show last week, BizGym.com founder Steve Sue said that the co-branded arrangement with a prominent Hong Kong organization will likely discourage copycats from diluting the BizGym.com model in Asia. [...]

HECO streamlines solar power installation requirements

It will now be faster and simpler for many residential and some small commercial customers to receive approval for on-site solar photovoltaic installations without worrying about the need for a possible interconnection study, Hawaiian Electric announced today. As of October 1, most residential and some commercial customers of Hawaiian Electric, Maui Electric, and Hawaii Electric Light Company can install certified single-phase PV systems up to 10 kW on single-phase transformers and participate in Net Energy Metering (NEM) with no interconnection study. In addition, any customer of the three companies who paid for an interconnection study and system upgrades to install a 10 kW or smaller single-phase PV system will be refunded the cost of the study and any upgrades. [...]

Omidyar Fellows Program Announces First Class

The Hawai’i Leadership Forum announced today the 13 Fellows selected to participate in the inaugural class of the Omidyar Fellows program. Launched in May 2012, the Omidyar Fellows program was developed to inspire and equip emerging leaders with the skills needed to affect positive, lasting change in Hawai’i. “Omidyar Fellows is a long-term investment in our shared future. We are eager to work with the 2012 class, exploring new ideas and thinking that may benefit Hawai’i,” said Pierre Omidyar, founder, Omidyar Fellows. “Hawai’i’s next generation of leaders will inherit huge challenges – some of them recent developments, some passed down from their predecessors. Effective leaders must address existing challenges and at the same time, create proactive measures that move Hawai’i forward – all while operating in an increasingly fast-paced and transparent world.” More than 150 candidates completed a rigorous application process for the Omidyar Fellows inaugural class, representing a wide range of sectors including government, nonprofit, business, and labor unions. The class was designed to be representative of these sectors. [...]

Hawaii, other states reach antitrust settlement over ebook pricing

Hawaii Attorney General David M. Louie, along with 53 attorneys general in other states, districts and U.S. territories, announced today that they have reached an antitrust settlement with three of the largest book publishers in the United States. Hachette Book Group, HarperCollins Publishers, and Simon & Schuster have agreed to pay a total of more than $69 million to consumers to resolve antitrust claims of an alleged unlawful conspiracy to fix the prices of electronic books (E-books). They have also agreed to change the way they price E-books going forward. The settlement occurs in conjunction with a civil antitrust lawsuit filed today in U.S. District Court for the Southern District of New York against Hachette, HarperCollins, and Simon & Schuster. The lawsuit alleges that the three settling publishers and two nonsettling publishers, Macmillan and Penguin, “conspired and agreed to increase retail E-book prices for all consumers” and “agreed to eliminate E-book retail price competition between E-book outlets, such that retail prices to consumers would be the same regardless of the outlet patronized by the consumer.” [...]

Hawaiian Airlines upgrades in-flight meals, hospitality

In the first comprehensive redesign of its domestic onboard service product in more than a decade, Hawaiian Airlines has cemented its signature ‘Mea Ho‘okipa Service’ as the gold standard in domestic air travel and the only authentic Hawaii experience in air travel. Hawaiian’s ‘Mea Ho‘okipa’ (translation: I am host) inflight service philosophy has long been embraced by travelers for its celebration of the culture, people and Aloha Spirit of Hawaii. Reintroduced August 1 on all flights between Hawaii and its 11 gateway cities in North America, Hawaiian has taken its acclaimed inflight service and made it even more enjoyable with enticing new made-in-Hawaii products, Island-style complimentary meals and improved service offerings. The new program was inspired by customer feedback, solicited by Hawaiian to further align its service with the things that customers value most in onboard service and amenities. [...]