Role of Energy in Hawaii s Economic Development

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Presented by Richard Lim, Director Hawaii State

1 Role of Energy in Hawaii s Economic Development Asia-Pacific Business Symposium November 10, 2011 Presented by Richard Lim, Director Hawaii State Department of Business, Economic Development & Tourism

Admission to US: 1959 50 th, last state to join the United States Total Land Area: 10,931sq mi 43 rd in Nation About Hawaii Population: 1.3 million 40 th in Nation, 12.

2 Admission to US: th, last state to join the United States Total Land Area: 10,931sq mi 43 rd in Nation About Hawaii Population: 1.3 million 40 th in Nation, 12.3% increase in past decade Median Household Income: $63,741 5 th in Nation Hawaii Is the Only State in the Nation: Not geographically located in North America That grows coffee and tea Has a royal palace 2

Mainland: 2,471 mi Taiwan: 5,285 mi Indonesia: 6,276 mi Papua New Guinea: 4,492 mi Hawaii

3 Most Isolated Population Center on Earth Russia: 5,312 mi Alaska: 3,022 mi Canada: 3,550 mi China: 5,251 mi Japan: 4,036 mi U.S. Mainland: 2,471 mi Taiwan: 5,285 mi Indonesia: 6,276 mi Papua New Guinea: 4,492 mi Hawaii Mexico: 3,397 mi Costa Rica: 4,822 mi Colombia: 5,551 mi Ecuador: 5,450 mi Fiji: 3,157 mi Australia: 5,205 mi Chile: 6,698 mi New Zealand: 4,613 mi 3

4 Overview Hawaii s Energy Landscape Hawaii Clean Energy Initiative A Future of Clean Energy Innovation 4

5 Hawaii s Energy Landscape The State s unique energy situation Vulnerability and opportunity 5

transportation fuel is fossil based Electric Generation Transportation

6 Dependence on Imported Fossil Fuels Over 90% of Hawaii s electricity is generated from imported fossil fuels Over 99% of Hawaii s transportation fuel is fossil based Electric Generation Transportation Hydroelectric Hybrid & 1% Electric Other 1% Renewables 8% Coal Oil 77% Oil 99% 14% 6

7 High Gasoline Prices State regular gasoline prices are approximately 63 cents higher than US average Regular Gasoline Price ($/Gal) $5.00 $4.50 $4.00 $3.50 $3.00 $2.50 $2.00 State U.S. $3.59 $2.99 $1.50 $1.00 Jan-06 Jul-06 Jan-07 Jul-07 Jan-08 Jul-08 Jan-09 Jul-09 Jan-10 Jul-10 7

8 High Electricity Prices State electricity prices are currently approximately 20 cents higher than US average Retail Electricity Prices-All Sectors ( /kwh) Hawaii US

9 Average Electricity Prices 2010 /kwh Hawaii U.S. China Commercial Industrial Residential Average

10 Energy Costs as a Percent of GDP Unpredictable energy costs greatly impact Hawaii s economy 9% 8% 7% 6% 6.8% 7.4% 7.8% 8.0% 5% 4% 4.5% 4.4% 4.2% 4.8% 5.5% 5.2% 3% 2% 1% 0%

11 Hawaii Renewable Energy Potential (GWh) Kauai Demand RE Potential Oahu Demand Molokai Lanai Maui Hawaii RE Potential Demand RE Potential Demand RE Potential Demand RE Potential Demand RE Potential Biomass Wind Geothermal Hydro Solar MSW Ocean Annual Use, GWh

12 Hawaii Clean Energy Initiative Maximizing Hawaii s clean energy potential for economic development and energy security through policies and incentives 12

13 Progress Compared to Other US States 1 st Solar Water Heaters per Capita 2 nd RPS Levels (%) 2 nd 11.80% 18.75% 17.72% Cumulative Installed PV Capacity per Capita 15.78% 13.83% Power Purchase Agreements per Capita 20.32% 2 nd Energy Savings Performance Contracting per Capita 3 rd Clean Energy Economy Job Growth

14 Solar-Related Construction Expenditures Solar-related construction expenditures reached 15% in Percent

15 A Future of Clean Energy Innovation Reaching the next milestones through innovation and research 15

16 Clean Energy Transformation Commercial Energy Development Local Innovation 16

Various Demonstration Projects Projects Kona Algae

Power Technologies Demonstration Island: Hawaii Maui

Generation: Project Status: Demonstration

17 Various Demonstration Projects Projects Kona Algae Demonstration Facility Maui Smart Grid (NEDO) Ocean Power Technologies Demonstration Island: Hawaii Maui Oahu Technology: Biofuels Smart Grid Wave Potential Generation: Project Status: Demonstration Demonstration Demonstration Active/Ongoing Development Active/Ongoing 17

18 Partnerships Creating Innovation Utilities in partnership with local innovators Utility Needed: Grid system visualization Historic system performance report generation Additional renewable energy assets integration Referentia Developed: T-REX: Time Series Rapid Exploration for Knowledge Discovery Visualization and decision support tools for renewable energy integration 18

Local algae for Kauai project Dependable algae supply Local algae

19 Partnerships Creating Innovation Energy developers in partnership with local innovators General Atomics Needed: Kuehnle Provided: Local algae for Kauai project Dependable algae supply Local algae strains optimized for biofuel development Regular delivery to Kauai 19

20 Partnerships Creating Innovation General developers in partnership with local innovators Forest City Needed: Reduction in energy use Reduction in energy costs Assistance in managing residents energy use Concentris & Oceanit Developed: e-miser (Meshed Intelligent System for Energy-use Reduction) Remote monitoring and control of energy use with smart phones & laptops 20

21 Clean Energy Future Hawaii is one of the world s leading clean energy test beds 21

22 Mahalo Hawaii State Department of Business Economic Development & Tourism

Remote Islands. Hawaii Okinawa Clean. Partnership. Japan Main Island. Okinawa 2. September 2, 2010 Asia-Pacific Clean Energy Summit

Remote Islands. Hawaii Okinawa Clean. Partnership. Japan Main Island. Okinawa 2. September 2, 2010 Asia-Pacific Clean Energy Summit Hawaii Okinawa Clean Energy Partnership September 2, 2010 Asia-Pacific Clean Energy Summit State of Hawaii Department of Business, Economic Development & Tourism 1 Remote Islands Hawaii US Mainland Japan