The U.S. Department of Energy (DOE) has recognized the Hawai‘i Green Infrastructure Authority (HGIA) as a Financial Ally Goal Achiever in the Better Buildings & Better Plants Initiative. This accolade highlights HGIA's success in surpassing its financing goal, an effort that directly benefits Hawaii's commitment to renewable energy and sustainable business practices. The HGIA has shown market leadership in driving energy savings and sharing its financing strategies einpresswire.com.
This initiative provides financial resources for energy-saving projects, which HGIA is achieving through its Green Energy Money $aver (GEM$) program. The GEM$ program targets underserved ratepayers by financing improvements such as solar PV plus storage, heat pumps, and energy efficiency upgrades. Big Island Now reports, HGIA's approach is designed to make clean energy investment accessible and affordable, stimulating private investments and leveraging innovative tools to reach new markets. The initiative also supports small businesses and nonprofits, crucial components of Hawaii's economic landscape.
For Hawaii's entrepreneurs, investors, and business professionals, this achievement signifies growing opportunities in the renewable energy sector. HGIA's work not only makes clean energy more accessible but also potentially lowers utility costs and encourages sustainable business practices. In a related development, HGIA has also released $18 million in loan capital for clean energy improvements dbedt.hawaii.gov, signaling the continuous effort to support the state's ambitious renewable energy goals and build a more sustainable future. This commitment is particularly vital given the state's high electricity costs, as highlighted by Maui Now.
