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HECO's outdated corporate model leaves state with old technology

By Cynthia Thielen

POSTED: 01:30 a.m. HST, Oct 23, 2013

~~<p>Clinging to an outdated business model, Hawaiian Electric Co. (HECO) is &quot;doomed to obsolescence.&quot; This term surfaced in Bloomberg Business Week (Aug 22) and is used to describe electric utilities that cling to a model used since the invention of the light bulb. Think of the land-line telephone, a virtual monopoly for over a century, which is now being replaced by cell phones and digital communication devices.</p>
<p>HECO's corporate culture is fighting a losing battle and moving toward unplanned obsolescence. In the foreseeable future, green energy won't need HECO or its antiquated transmission lines to deliver power to most households. Technical advances in microgrids and battery storage soon will enable residents to install a complete, stand-alone, renewable energy system and get off the excessively-priced HECO grid.</p>
~~

Clinging to an outdated business model, Hawaiian Electric Co. (HECO) is "doomed to obsolescence." This term surfaced in Bloomberg Business Week (Aug 22) and is used to describe electric utilities that cling to a model used since the invention of the light bulb. Think of the land-line telephone, a virtual monopoly for over a century, which is now being replaced by cell phones and digital communication devices.

HECO's corporate culture is fighting a losing battle and moving toward unplanned obsolescence. In the foreseeable future, green energy won't need HECO or its antiquated transmission lines to deliver power to most households. Technical advances in microgrids and battery storage soon will enable residents to install a complete, stand-alone, renewable energy system and get off the excessively-priced HECO grid. Login for more...



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