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Electric rates in Hawaii are significantly higher than anywhere else in the United States because of the state's reliance on importing oil. Many people have taken it upon themselves to develop alternative energy sources to help reduce dependence on fossil fuels and create a more sustainable future for generations to come. The Hawaiian Electric Industries Company is one such business that has made an effort to provide residents with renewable power without significant costs.
The Hawaiian Electric Industries Company was founded in 1891 when private citizens established the Hawaiian Electric Company, Ltd., originally known as "the electric company." It wasn't until 1898 when Thomas H. Davies bought out other investors and became president of the company, making it a publicly held corporation. In 1955, it changed its name from "Hawaiian Electric Company" to "Hawaiian Electric Company, Inc." Under his leadership for 27 years, Davies built the company up so it could provide power not only to Oahu but also Maui and Hawai'i.
The Hawaiian Electric Industries Company is responsible for many world records regarding renewable energy use. In 2014, the company's Waikoloa geothermal plant became the first grid-connected geothermal station in Hawaii while its Wailuku wind farm set a record by generating more electricity from wind than any other utility in America during 2015. These types of developments show how committed Hawaiian Electric Industries is to becoming 100% powered by clean renewable sources by 2045 while still maintaining affordable prices for customers.