US Navy Funds Energy Excelerator Projects in Hawaii

Meaner and Greener

The US Navy recently announced that it would be putting more than $30 million into Hawaii’s Energy Excelerator green energy projects, which help energy startups “navigate” Hawaii and the Asia Pacific region and encourage sharing of know-how, technology, and strategies among clean energy startups. The investment comes as part of a larger US military initiative to reduce operational dependence on foreign oil and petroleum-based products, which many thinkers – including the mega-brained Rand Corporation – believe is the single greatest risk to America’s national security.

That and, you know, climate change and oil emissions, which are starving us out and killing us by the hundreds of thousands.

The Navy’s Energy Excelerator investment isn’t much, in the grand scheme of things, but sources indicate that it’s already been follow-up with an additional round of investments totaling more than $38 million. Tina Casey, at Gas 2’s sister site, Cleantechnica, has the story, below.


US Navy Triples Funding For Clean Energy In Hawaii (via Clean Technica)

The US Navy has just pumped $30 million into the Energy Excelerator, a funding agency for renewable energy start-ups in Hawaii. That triples the agency’s operating funding over the past three years, and it gives the ol’ Bronx cheer to certain legislators…


Source | Photos: US Navy, via Cleantechnica.

Jo Borrás

I've been in the auto industry 1997, and write for a number of blogs in the IM network. You can also find me on Twitter, at my Volvo fansite, out on two wheels, or chasing my kids around Oak Park, IL.