Keahole Solar Power

Keahole Solar Power

Methods for energy storage, installation, operation, and software controls for solar farms. Learn more
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DateInvestorsAmountRound

$11.0m

Early VC

N/A

Debt
N/A

$9.0m

Series B

$18.0m

Series C
N/A

$7.4m

Late VC
Total Funding$45.4m

Recent News about Keahole Solar Power

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Keahole Solar Power, LLC (KSP Energy) is an independent clean energy company based in Hawaii, dedicated to advancing the state's Clean Energy Initiative. The company operates through three main business units: KSP Development, KSP Generation, and KSP Innovation.

KSP Development focuses on creating micro utility-scale solar farms, typically ranging from 1 to 25 megawatts. These solar farms are designed to provide a significant amount of renewable energy to the local grid. KSP Generation is responsible for operating these renewable energy assets, ensuring they produce and deliver clean energy efficiently. KSP Innovation works on developing proprietary technologies such as thermal energy storage, advanced solar plant controls, and system operations to enhance the efficiency and reliability of their solar projects.

The primary market for KSP Energy is Hawaii, where the company aims to reduce reliance on fossil fuels and improve energy security. By developing comprehensive power solutions that include energy storage and grid management software, KSP Energy helps integrate solar energy into the electrical grid more effectively.

KSP Energy's business model revolves around developing, operating, and innovating solar energy projects. They generate revenue by selling the electricity produced by their solar farms to local utilities, such as the Hawaiian Electric Company (HECO). Additionally, they may receive funding and financial support through agreements and contracts with local authorities and organizations, such as the Department of Hawaiian Homelands.

A notable project includes the development of a solar farm on 43 acres of leased land, utilizing 9,520 Sopogy solar concentrating panels. This project not only contributes to Hawaii's clean energy goals but also supports educational renewable energy programs for Native Hawaiians.

In summary, Keahole Solar Power is committed to making Hawaii energy independent by developing and operating efficient solar farms, leveraging innovative technologies, and contributing to the local community.

Keywords: clean energy, solar farms, Hawaii, renewable energy, energy storage, grid management, micro utility-scale, thermal energy storage, Sopogy panels, Native Hawaiian programs.