Energy Efficiency Program Sponsors $2.1M Auction
Hawaii Energy is conducting a $2.1 million energy efficiency auction. Hawaii Energy is a ratepayer-funded conservation and efficiency program administered by Leidos Engineering under contract with the Hawaii Public Utilities Commission.
According to the firm’s website, it’s looking for contractors, energy vendors, ESCOs, property managers and developers to “bid” on incentive funding by submitting creative energy efficiency projects.
A spokesman for Leidos said the $2.1 million for the Hawaii Energy Efficiency Auction is separate from the funds set aside for prescriptive and custom rebates and incentives already offered through the Hawaii Energy Program. Vendors that are awarded funding through the auction are not eligible to request additional funds for the exact same project under other prescriptive or custom rebates.
“A key difference with the auction is that the vendor is providing us with the incentive amount needed to move their energy efficiency project forward, which can be up to the full cost of the project,” said the spokesman. “On the other hand, our current prescriptive and custom incentives provide a set amount of funding based on the amount of energy saved. We will, however, be evaluating the auction proposals based on the level of incentive requested versus the 1st year and lifetime kWh of savings. So it is in the vendor’s best interest to request only what is needed to move their project forward with their proposed customer(s).”
Eligible projects include:
- Projects addressing needs in specific markets and/or involving specific technologies selected by Hawaii Energy.
- Any project outside of the Targeted Projects list, including new technologies, new markets or mass installation opportunities.
Projects must reduce energy consumption with measured or verifiable savings and deliver one or more of the following results:
- Improved cost-effectiveness: Projects that are more cost-effective than existing Hawaii Energy program incentives (in both first year and lifetime energy savings).
- Increased penetration of market segments: Projects that demonstrate the ability to improve the uptake of energy efficiency initiatives in “hard-to-reach” market segments, which include rentals, small businesses, the healthcare sector and lower-income areas (as defined by geographic location).
- Mass installation: Projects that result in mass installation of energy-efficient technologies.
- New and Innovative: Innovative projects that are not currently incentivized by Hawaii Energy.
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