Solar company Holu Hou Energy recently announced it has signed a contract with global real estate company Lendlease to install solar and energy storage systems at Island Palm Communities — housing that serves Oahu's active and retired military, members of the guard and reserves, and more.
Each residential unit will have approximately 10 kilowatts of solar energy and 25 kilowatt hours of energy storage. The photovoltaic and energy storage systems will be installed in the form of HHE'S EnergyCluster, in which multiple residential units have interconnected energy network systems and excess solar generation from one unit can be shared with other units that have load above solar generation, according to the announcement. Six residences will typically be connected in a cluster, according to the announcement.
Construction is set to begin in the summer of 2023, and the first installations will be at the Aliamanu Military Reservation in Salt Lake near Honolulu, according to Holu Hou Energy.
"This project is a culmination and affirmation of our Holu Hou power design where we're able to cluster systems," Holu Hou Energy President Ted Peck told PBN. "The way we're executing this is ... it's going to include thousands of homes, and the constraints of that are material and labor, so we're partnering with other solar companies to help us build this out."
The deal was written as a multiyear contract, so it can be adjusted based on market conditions for each tranche, according to Peck.
"We expect it to be well into 9 figures," Peck told PBN in a follow-up email.
HHE and Lendlease first began planning the project in 2021, which culminated in a pilot project across six residential units in May 2022. Energy savings realized by Island Palm Communities through the installation of HHE's solar systems will be reinvested to enhance housing and amenities. Residents now also have back-up power that can be used during grid outage events, according to Holu Hou Energy.
Holu Hou Energy, LLC, is a Delaware-based renewable energy corporation with operations in California, Hawaii, Wisconsin and Shanghai. Lendlease is a global real estate and investment group with operations in Australia, Asia, Europe and the Americas, according to the announcement.
