HEI Sells Solar and Battery Assets to Fortistar and Epic Star to Strengthen Focus on Core Utility Services

Hawaiian Electric Industries (HEI) has finalized the sale of its Pacific Current subsidiary's solar and battery storage assets to Fortistar and Epic Star Energy. This transaction encompasses all operational solar and energy storage facilities on Hawaii's islands of Kauai, Oahu, and Maui. The move aligns with HEI's ongoing strategy to divest non-core assets, following the March 2025 sale of its Hamakua Energy facility, and is part of the broader process to evaluate remaining assets, including a biomass plant on Kauai. HEI CEO Scott Seu highlighted that this sale marks a step toward a more focused utility enterprise and expressed confidence that Epic Star's renewable energy expertise will support Hawaii's transition to a cleaner, more reliable energy future. Epic Star's leadership team has extensive experience in renewable projects, including a major solar plus battery storage facility under construction on Oahu and other significant solar and storage projects across the U.S. Fortistar, a private investment firm, specializes in funding initiatives that address complex sustainability challenges. Henry Yun, CEO of Epic Star, emphasized their commitment to Hawaii's clean energy goals...