Billionaire Oracle founder, Larry Ellison, is currently in discussions with Hawaiian Electric to purchase utility assets to take over Lanai's electric grid
The possibilities plus the cash and clout still leave some bureaucratic hurdles for Ellison.
Now, Hawaiian Electric could announce sale of its distribution, generation and transmission assets on Lanai to Larry Ellison before March 31 when the RFPs will be reissued, barring a deal. Abouelnaga is an expert on transitioning to a clean energy economy. He said, “In order to achieve this kind of transition, you have to have some storage capacity.”
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