The turbine’s blades shift in response to<strong>the</strong> direction of <strong>the</strong> air flow, allowing <strong>the</strong>turbine to turn continuously in onedirection. Electricity is <strong>the</strong>n broughtashore through an undersea cable andunderground lines to a subst<strong>at</strong>ion tied to<strong>the</strong> island electrical grid.Unlike many o<strong>the</strong>r kinds of wave energytechnology, <strong>the</strong> Oceanlinx system hasno moving parts below <strong>the</strong> w<strong>at</strong>er line,avoiding some of <strong>the</strong> tribul<strong>at</strong>ions th<strong>at</strong>vex bo<strong>at</strong> owners everywhere, like <strong>the</strong>corrosive n<strong>at</strong>ure of salt w<strong>at</strong>er and <strong>the</strong>love of barnacles and <strong>the</strong> like to <strong>at</strong>tach toanything in <strong>the</strong> w<strong>at</strong>er.Oceanlinx is still monitoring wave p<strong>at</strong>terns,g<strong>at</strong>hering financing and investors,and preparing an environmental impactst<strong>at</strong>ement for <strong>the</strong> project. MECO willnegoti<strong>at</strong>e a purchase power agreementwith Oceanlinx and seek approvals from<strong>the</strong> Hawaii Public Utilities Commission.Oceanlinx has also signed a Memorandumof Understanding with RenewableHawai’i, Inc., an unregul<strong>at</strong>ed subsidiaryof HECO, for possible passive investmentin <strong>the</strong> project.HECO’s President and CEO Mike Mayalso thanked members of <strong>the</strong> Mauilegisl<strong>at</strong>ive deleg<strong>at</strong>ion, includingRepresent<strong>at</strong>ive Angus McKelvey(District 10: Lahaina, Kaanapali, Kapalua,Maalaea, Kihei) who was instrumental inbring Oceanlinx and MECO toge<strong>the</strong>r.And Mike May paid a special <strong>com</strong>plimentto Represent<strong>at</strong>ive Cynthia Thielen(District 50: Kailua, Kaneohe Bay), along-time proponent of ocean energy.“Represent<strong>at</strong>ive Thielen’s persistence and<strong>com</strong>mitment to developing ocean energyin Hawai’i have helped bring us to thisday.”For Maui, it will be one more link in itsrenewable energy chain th<strong>at</strong> alreadyincludes biomass and wind and willsoon include biofuels and wave energy.Indeed, Maui could be<strong>com</strong>e <strong>the</strong> firstHawaiian island to be 100 percentrenewable for electricity within a decade.To learn more about Oceanlinx go towww.oceanlinx.<strong>com</strong>.The project could be oper<strong>at</strong>ional by2010. The cost, to be borne byOceanlinx and its investors, is estim<strong>at</strong>ed<strong>at</strong> $20 to $30 million. A proposal in <strong>the</strong>St<strong>at</strong>e Legisl<strong>at</strong>ure would provide Oceanlinxwith a Special Purpose RevenueBond, allowing <strong>the</strong> <strong>com</strong>pany to borrow<strong>at</strong> more <strong>at</strong>tractive r<strong>at</strong>es without puttingany burden on <strong>the</strong> public treasury.Graphics courtesy of Oceanlinx12
In recognition of a decade of energy conserv<strong>at</strong>ion success,Hawaiian Electric Company <strong>Energy</strong>$olutions SM for Business12th Anniversary – 2008 Business EngagementEnvironmental stewardship and energy efficiency continues to be <strong>the</strong> mantra from <strong>the</strong> past year. Hawaiian ElectricCompany (HECO) rewards businesses th<strong>at</strong> make energy efficiency choices whereby <strong>the</strong>y can earn financial incentives,experience significant reductions in electricity cost, improve reliability of <strong>the</strong>ir equipment, and ultim<strong>at</strong>ely, improve<strong>the</strong>ir <strong>com</strong>pany’s bottom line.HECO considers our business customers as partners in building a brighter energy efficiency future toge<strong>the</strong>r. After12 s<strong>at</strong>isfying years of fulfilling our customers’ energy saving needs, HECO remains dedic<strong>at</strong>ed to helping businessesidentify and capture opportunities for energy savings as well as providing, in many cases, a generous return-oninvestment.HECO achieved a record-breaking success last year..For this year, our program will highlight sustainability str<strong>at</strong>egies, <strong>the</strong> l<strong>at</strong>est in environmental efficiency technologies, aswell as, o<strong>the</strong>r benefits of energy efficiencies in all <strong>com</strong>mercial markets. HECO remains <strong>com</strong>mitted to working with ourbusiness partners to conserve our finite resources. We invite you to learn how our plans will make a world of differencein your business. Toge<strong>the</strong>r we can cre<strong>at</strong>e a mutually rewarding partnership to save energy, reduce expenses, and lessen<strong>the</strong> carbon footprint on our environment.D<strong>at</strong>e: April 22, 2008, TuesdayPlace: Hawaii Convention Center, O‘ahu Room 313 ABCTime: 7:30 a.m. to 8:00 a.m. Ask <strong>the</strong> expert session (table tops)8:00 a.m. to 10:00 a.m. Present<strong>at</strong>ion10:00 a.m. to 11:00 a.m Ask <strong>the</strong> expert session (table tops)Complimentary Buffet Breakfast starts <strong>at</strong> 7:30 A.M. Hosted ParkingFe<strong>at</strong>ured Topics:• 2008 <strong>Energy</strong> Outlook• Road to Sustainability andUpd<strong>at</strong>ed Products and Services• <strong>Energy</strong> Expo• Wh<strong>at</strong> m<strong>at</strong>ters to you – questions& answers sessionNeed Help From HECO?Reb<strong>at</strong>es 94-POWERPower Quality EngineersRandy China 543-4716Tanay Panalal 543-7708Mark Yamamoto 543-4608Account Managers543-4751<strong>Energy</strong>Scout for businessPROGRAM ManagerKevin Chock 543-4883We strive to make Powerlines a readable, inform<strong>at</strong>ive public<strong>at</strong>ion for you. Let us know if <strong>the</strong>re are anyspecific subjects you would like to see addressed in our newsletter. Send or phone in your questions,ideas and <strong>com</strong>ments to <strong>the</strong> editor <strong>at</strong> <strong>the</strong> address below. We reserve <strong>the</strong> right to edit letters to <strong>the</strong> editoror o<strong>the</strong>r m<strong>at</strong>erials submitted. We can be reached <strong>at</strong> 543-4756. HECO does not endorse any equipmentand or products contained in this public<strong>at</strong>ion. Fur<strong>the</strong>rmore, this public<strong>at</strong>ion and all inform<strong>at</strong>ion containedherein is provided “as is” without warranty of any kind, ei<strong>the</strong>r expressed or implied, including, but notlimited to, <strong>the</strong> implied warranties of merchantability, fitness for particular purpose, or non-infringement.HECO assumes no responsibility for errors or omissions in this public<strong>at</strong>ion or o<strong>the</strong>r documents th<strong>at</strong> arereferenced by or linked to this public<strong>at</strong>ion.Published by: Hawaiian Electric Company, Inc., Customer Technology Applic<strong>at</strong>ions DivisionP.O. Box 2750, <strong>Honolulu</strong>, Hawaii, 96840-0001Editor: Carlos Perez Phone: 543-4748 Fax: 543-469713