The report highlights HEI's commitment to sustainability and its progress in achieving its ESG goals. The company achieved a 32% renewable portfolio standard (RPS) in 2022, exceeding its 2020 goal of 30%. HEI also achieved major milestones in its Climate Change Action Plan, including ending the use of coal-fired generation in Hawai'i and bringing online the largest solar-plus-storage plant in the state. American Savings Bank continued its robust investment in Hawai'i's economy, lending $2 billion in 2022 to help Hawai'i businesses and families achieve their goals. Pacific Current acquired a ~7 MW closed loop biomass plant on Kaua'i and completed construction on the University of Hawai'i's fifth solar + storage project at Honolulu Community College, bringing its portfolio to more than 80 MW of operating assets across Hawai'i.
