Following the close of the FY24 fiscal year, the PUC may consider extending this program after reviewing impacts and data for projects utilizing the OBR mechanism but not financed with GEMS
The latest infusion of money is a welcome reboot for the decade-old GEMS program, which stalled soon after Act 97 was enacted.
The $150 million GEMS bond fund is itself securitized, with the “security” being basically a lien against Hawaiian Electric rate-payers for the two decades following issuance of the bonds.
As explained by HGIA staff, the loans to purchase photovoltaic systems would be provided through a project sponsor – a business entity that seeks to reduce its taxes – which would then be able to
GEM$ provides financing for solar PV systems and other energy efficiency measures to help Hawaii ratepayers save on their electric utility bill. Find out if our GEM$ on-bill financing program is right for
Through its inclusive on-bill financing program, HGIA will launch its SFA-HI program to reduce the energy burden for low-income households and disadvantaged communities by financing
Initially, GEMS will provide financing for distributed solar and other technologies that support PV interconnection, such as energy storage, advanced inverters and monitoring devices.
By tying the GEM$ on‑bill obligation to the electric utility meter, HGIA offers inclusive financing to homeowners and renters, as the obligation transfers from ratepayer to ratepayer.
Empa Solar Energy Europe is a leading energy storage equipment manufacturer and integrator based in Poland, serving the European market. We specialize in C&I energy storage systems for factories and warehouses, industrial battery storage systems for heavy-duty applications, factory energy storage systems (ESS) to optimize production, commercial battery energy storage systems (BESS) for retail and offices, enterprise storage solutions for corporate campuses, industrial park energy storage for multi-tenant sites, commercial battery storage for peak shaving, industrial battery storage systems for backup power, and remote base station power solutions for telecom towers. Our portfolio also includes lithium-ion batteries, system-level battery management systems (BMS), energy conversion systems (PCS), energy storage battery system cabinets, communication cabinets for telecom and data centres, integrated PV-storage systems, distributed energy resources, deep discharge battery technology, and containerised BESS. As a full-service provider, we also offer modular battery racks, backup emergency power, and zero‑carbon microgrids. Our advanced lithium‑ion and sodium‑ion solutions ensure safety, scalability, and high performance for commercial, industrial, and utility projects across Europe.
Our modular energy storage portfolio ranges from compact lithium-ion batteries to 20ft/40ft mobile containers and outdoor all-in-one storage cabinets with IP54 protection. We are a leading energy storage equipment manufacturer, offering communication cabinets for 5G/telecom, server racks for data centers, and IP54 rated enclosures for harsh environments. Our stackable design allows flexible capacity expansion, while our grid-forming technology ensures stable off‑grid operation. Whether for remote base stations, off‑grid power systems, backup emergency power, integrated PV-storage or large zero‑carbon parks, our products feature advanced thermal management, deep discharge cycling, and compliance with European and international standards. We also provide professional energy storage system installation and after‑sales support across Europe.