Jesse Cooke, CFA and Noreen Reimel Join Ulupono's Growing Team
Remarks by Kyle Datta, General Partner. Presented at “Electric Utilities: The Future is Not What It Used to Be” Conference & Exhibition - Maui, Hawaii - March 27, 2014
Following a successful grass-fed beef trial on Hawaii Island, Parker Ranch and Ulupono Initiative announced the launch of the Paniolo Cattle Company, a joint venture aimed at statewide local beef production. The pasture-to-table enterprise taps into a growing demand for high-quality, affordable, locally raised beef.
As part of its mission to increase local food production, Ulupono Initiative is investing $17.5 million to form Hawaii Dairy Farms, a grass-fed dairy that will be located on Kauai. Based on the New Zealand pastoral dairy model that uses grass as the primary feed source, this dairy will bring together suppliers with best-in-class capabilities to create an operation that will infuse more local, fresh milk into Hawaii’s dairy supply. The building permit applications have been filed and construction is anticipated to start in 2014.
Ulupono Initiative announced a strategic investment of $350,000 in Hawaii's emerging electric vehicle industry through OpConnect Hawaii, which is preparing to install Mark II charging stations throughout the state.
Ulupono Initiative announced today that it has invested $1 million in Honolulu Seawater Air Conditioning, LLC for the development of the company’s seawater air conditioning district cooling system.
Ulupono Initiative has invested $175,000 in Volta Industries to help expand its Hawaii network of electric vehicle (EV) charging stations. This investment will help Volta more than double its current network in Hawaii with 15 new free-to‐use charging stations planned for 2013 statewide. To date, Volta and its sponsors have given away more than 120,000 miles of free charging to Hawaii EV drivers.
The Local Food Coalition (LFC) brings together farmers, ranchers, livestock producers, investors, food manufacturers and other leading organizations, who collectively manage more than 1 million acres of land, and produce the majority of food in our state. Solving our challenge of increasing the local food supply — putting more local food on local plates — can best be accomplished by bringing people and organizations together who can work on the entire food value chain in a systematic way.
Hawaii Beef Producers has joined Parker Ranch and Ulupono Initiative in an agreement to jointly fund pre-commercial trials for irrigated finish pasture beef production on the Big Island of Hawaii. The irrigated trials will be run on 70 acres of pasture next to the Hawaii Beef Producers processing facility on the Hamakua Coast and involve just under 100 head of cattle. The trials will be completed by May 2013.
Ulupono Initiative, a for-profit impact investment firm, is investing a total of $15 million over the next year to finance SolarCity solar power projects in Hawaii. The partnership is expected to increase Hawaii’s solar power generation by approximately five percent, and can be expanded over time.