Pacific Current
- Company typePrivate
- Founded2017
- HeadquartersHonolulu, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
Pacific Current firmographics
Firmographics- Name
- Pacific Current
- Legal name
- Pacific Current
- Website
- https://pacificcurrenthawaii.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Ownership category
- akta.pro rank
Pacific Current industry classification
Industry- Product category
- Renewable Energy Infrastructure
- NAICS
- Electric Power Generation (22111), Solar Electric Power Generation (221114), Biomass Electric Power Generation (221117)
- SIC
- Electric Services (4911), Cogeneration Services & Small Power Producers (4991)
- akta.pro primary industry
- Development Management & Owner’s Engineering (Design Basis, Yield, Technical Due Diligence) (EUAMAAAG)
- akta.pro secondary industries
- Renewable Energy Asset Management (Solar/Wind/Hydro/Geothermal) (EUAEAMAB), Siting, Resource Assessment & Environmental Tech R&D (Remote Sensing, Wake Modeling, Wildlife Mitigation) (EUAMAOAJ), Hybrid Renewable Systems & Co-Optimization R&D (Solar+Wind+Storage, Multi-Resource Plants, Controls) (EUAMAOAI), Electrical Balance-of-Plant EPC (MV Collection, Cabling, Earthing, Lighting) (EUAEADAB)
Keywords
Where Pacific Current is headquartered
LocationHeadquarters
- HQ city
- Honolulu
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Pacific Current business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Operations, Personnel, Technology or R&D, Marketing or Sales
Revenue model
- Power Generation and Sales: Pacific Current operates power generation facilities including the 60 MW Hamakua Energy combined cycle power plant and sells electricity to Hawaiian Electric Light Co. under power purchase agreements. The company also operates solar facilities and sells power generated from renewable sources.
- Renewable Energy Asset Ownership and Operation: Pacific Current owns and operates renewable energy systems including solar-plus-storage projects at educational institutions. Revenue is generated through power purchase agreements and energy sales to utilities.
Go-to-market motion2 records
Distribution channels1 record
Marketing channels4 records
Pacific Current product offering
Product offeringCore offering
Pacific Current invests in, develops, owns, and operates renewable energy and sustainability infrastructure projects across the Hawaiian Islands, including solar-plus-storage facilities, biomass-to-energy plants, combined cycle power plants, and EV charging infrastructure. The company partners with local communities, educational institutions, and utility customers to deliver clean energy solutions that support Hawaii's renewable energy goals.
Product overview
Pacific Current is a tier-one subsidiary of Hawaiian Electric Industries that functions as a clean energy investment and infrastructure development company rather than a traditional product company. The company builds local partnerships and invests in clean energy and sustainability projects across Hawaii. Its portfolio includes solar-plus-storage installations at five University of Hawaii community college campuses (Leeward, Windward, Honolulu, Kapi'olani, and Maui College), utility-scale solar facilities (Port Allen on Kauai), biomass energy (Mahipapa on Kauai), the Hamakua Energy 60 MW combined cycle plant on Hawaii Island, and EV charging infrastructure through a joint venture with EverCharge. The company focuses on accelerating Hawaii's sustainability goals through investments in energy and renewables, transportation electrification, batteries and storage, water and waste, and agriculture and hydroponics.
Differentiator
Problem solved
Functional benefit
Products and services
- Solar-plus-storage facilities Utility-scale solar photovoltaic generation paired with battery energy storage systems, deployed across the Hawaiian Islands to deliver renewable electricity with grid reliability features. Targeted at utility customers, communities, and institutional partners in Hawaii.
- Biomass-to-energy plant Closed-loop biomass-to-energy generation facility converting agricultural and organic waste into electricity in Hawaii. Serves utility and institutional off-takers while supporting local agricultural waste utilization.
- Combined cycle power plant Combined cycle power generation asset providing efficient electricity supply as part of Pacific Current's diversified generation portfolio in Hawaii. Serves utility and grid reliability needs.
- EV charging infrastructure Electric vehicle charging infrastructure deployed across Hawaii to support clean transportation adoption. Targets communities, institutions, and utility customers enabling EV adoption.
- Clean energy project investments Equity and project investments in renewable energy and sustainability infrastructure projects across the Hawaiian Islands, executed in partnership with communities, educational institutions, and utility customers.
Quantifiable outcome
- 8.6 MW of solar capacity and 42.3 MWh of storage capacity deployed across UH community colleges
- +6 more outcomes
Companies that use Pacific Current
Customer profileNamed customers2 records
Segments3 records
Ideal customer profiles2 records
Pacific Current technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Pacific Current partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered minor and core.
- Alexander and BaldwinminorPacific Current purchased the Port Allen Solar facility on Kauai from Alexander and Baldwin in 2020, expanding its renewable energy portfolio on the island.
- KupucoreKupu, Hawai'i's leading environmental education nonprofit, opened Ho'okupu Center in 2019. Pacific Current owns and operates the 95-kW rooftop solar system at this facility. The center serves as a model of sustainability with net-zero energy rating and EV charging stations.
- EverChargecorePacific Current's joint venture with EverCharge brings the latest EV charging technology to Hawai'i. Ho'okupu Center serves as the pilot location, featuring Hawai'i's first EverCharge Hawai'i EV charging stations.
- University of Hawai'icoreIn 2018, Pacific Current was awarded the Purchase Power Agreement to own and operate renewable energy systems at UH community colleges. The partnership integrates 8.6 MW of solar capacity and 42.3 MWh of storage capacity across five UH campuses including Leeward, Windward, Honolulu, Kapi'olani Community Colleges and Maui College.
- Johnson ControlscoreJohnson Controls serves as the project developer and general contractor for Pacific Current's renewable energy systems at University of Hawai'i community colleges.
- Hawaiian Electric Industries (HEI)corePacific Current is a tier-one subsidiary of Hawaiian Electric Industries (NYSE: HEI). HEI is the parent company that provides strategic direction and resources for Pacific Current's mission to be a catalyst for a better Hawai'i through sustainable infrastructure investments.
- Pacific Biodiesel TechnologiesminorPacific Biodiesel Technologies supplies Pacific Current's 60 MW Hamakua Energy power plant with biodiesel to fuel the power generation facility. The contract supports Hawaii's goal of 100 percent renewable energy by 2045.
Scale indicators6 records
Recent moves6 records
Expansion highlights4 records
Pacific Current competitors and assessment
Company assessmentDirect peers
- Ameresco: US renewable energy and energy efficiency developer/owner focused on behind-the-meter and distributed assets under long-term agreements, including biomass. Comparable to Pacific Current in serving institutional customers with distributed renewable solutions.
- Green Plains Inc. US biofuel and biomass-to-energy producer. Comparable to Pacific Current's biofuel/blended generation profile (e.g., Hamakua's naphtha/biofuel stack and the Mahipapa biomass asset) and renewable fuel supply exposure.
- Innergex Renewable Energy: Canadian renewable IPP owning and operating hydro, wind, solar, and storage assets under long-term PPAs. Closely comparable in scale and contracted-asset structure to Pacific Current's operating model.
- Clearway Energy Group: US-based independent power producer with a portfolio of renewable and conventional generation assets sold under long-term PPAs. Highly comparable to Pacific Current as a contracted, multi-technology renewable IPP.
Broad incumbents
- NextEra Energy Resources: Largest US renewable energy generator and the competitive development arm of NextEra Energy. Operates utility-scale solar, storage, and wind under long-term PPAs—the dominant scaled version of Pacific Current's business model.
- Hawaiian Electric Company: Regulated utility sister entity under HEI that offtakes Pacific Current's power. Operates generation, transmission, and distribution in Hawaii—shares the same geographic market and parent ownership structure.
- Brookfield Renewable Partners: Owns and operates one of the world's largest renewable power portfolios (hydro, wind, solar, storage). Comparable as a long-duration, contracted renewable IPP, though at vastly greater scale than Pacific Current.
- ENGIE North America: North American arm of global renewable IPP ENGIE, developing and operating utility-scale solar, wind, storage, and biomass projects under PPAs. Directly comparable business model to Pacific Current.
- AES Corporation: Global IPP with significant renewable and energy storage development, including island and microgrid projects. Comparable in business model (PPA-based IPP) though much larger and more geographically diverse than Pacific Current.
Emerging players
- RevoluSun: Hawaii-based distributed solar and storage developer and installer. Partnered with Pacific Current on the Ho'okupu Center rooftop solar project; competes for similar institutional and commercial solar+storage work in the same Hawaiian market.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Pacific Current social profiles
Digital presencePacific Current financial estimates
Financial estimateRevenue estimate
Valuation estimate
Pacific Current leadership team
Management profileNumber of profiles
Profiles3 records
Pacific Current funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Pacific Current M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Pacific Current
What does Pacific Current do?
Pacific Current invests in, develops, owns, and operates renewable energy and sustainability infrastructure projects across the Hawaiian Islands, including solar-plus-storage facilities, biomass-to-energy plants, combined cycle power plants, and EV charging infrastructure. The company partners with local communities, educational institutions, and utility customers to deliver clean energy solutions that support Hawaii's renewable energy goals.
Is Pacific Current a public or private company?
Pacific Current is a private company. It is classified as corporate owned and is currently operating.
When was Pacific Current founded?
Pacific Current was founded in 2017. It employs 1 to 10 people.
Where is Pacific Current based?
Pacific Current is headquartered in Honolulu, United States, in the North America region.
How does Pacific Current make money?
Two revenue lines are on record. Power Generation and Sales are the primary driver. The others are renewable Energy Asset Ownership and Operation.
Who are Pacific Current's main competitors?
Direct peers on record are Ameresco, Green Plains Inc., Innergex Renewable Energy and Clearway Energy Group. Broad incumbents are NextEra Energy Resources, Hawaiian Electric Company, Brookfield Renewable Partners, ENGIE North America and AES Corporation. RevoluSun is listed as an emerging player.
Does Pacific Current have an API?
No public API is recorded for Pacific Current.
What industry is Pacific Current in?
Pacific Current's product category is Renewable Energy Infrastructure. Its primary akta.pro industry code is EUAMAAAG, Development Management & Owner’s Engineering (Design Basis, Yield, Technical Due Diligence), with a secondary code of EUAEAMAB, Renewable Energy Asset Management (Solar/Wind/Hydro/Geothermal). Its NAICS code is 22111 and its SIC code is 4911.