Island Pacific Energy
| Company type | Private |
|---|---|
| Industry | Solar energy |
| Founded | 2007 |
| Founder | Joseph Saturnia |
| Headquarters | Honolulu , United States |
Area served | Hawaii |
| Products | Photovoltaic system installation, solar power purchase agreements |
| Website | islandpacificenergy |
Island Pacific Energy operates as a solar energy provider and installation firm headquartered in Hawaii.
History
Established in 2007 by Joseph Saturnia, Island Pacific Energy began its operations at the Manoa Innovation Center. In 2009, the company moved to a Foreign Trade Zone located at 521 Ala Moana Blvd, Honolulu. The business specializes in owning, managing, and servicing photovoltaic systems installed on rooftops of commercial and non-profit organizations. It markets the renewable electricity generated through long-term power purchase agreements (PPAs), enabling clients who cannot take advantage of tax credits to economically benefit from solar energy. Island Pacific Energy pioneered the execution of a PPA with a non-profit organization in Hawaii.
The year 2009 also marked the company’s expansion into installing photovoltaic systems for both residential and commercial customers. Currently, Island Pacific Energy oversees a diverse portfolio of solar installations and delivers services to residential, commercial, non-profit, and governmental sectors.
Awards and achievements
Island Pacific Energy has received multiple accolades within its industry:
- Governors Award for Innovation (2009)
- Business Leadership Hawaii Best in Small Business Finalist (2011)
- Pacific Business News Fastest 50 Fastest Growing Small Business (2012)
Commercial installations
The company has provided solar solutions to an array of organizations across Hawaii, including:
- Hawaiian Electric Company
- Punahou School
- Young Brothers/Hawaii Tug and Barge
- St Louis School
- Chaminade University
- East West Center at University of Hawaii
- Variety School
- Joint Base Pearl Harbor – Hickham
Significantly, Island Pacific Energy stands as the sole Hawaiian firm among three recipients awarded a $500 million contract to supply solar power to United States Navy installations throughout Hawai‘i.
Residential installations
On Oahu, Island Pacific Energy focuses exclusively on installing photovoltaic systems for residential clients. The company offers multiple financing alternatives, including no upfront cost plans that utilize customer savings to finance the solar installations.
Memberships and associations
Island Pacific Energy maintains active memberships with prominent industry groups:
- Hawaii Solar Energy Association
- Solar Energy Industries Association
- Better Business Bureau
- Building Industry Association of Hawaii
- United States Green Building Council