Hoku to install power system for wet-suit manufacturer
October 5, 2008
Hoku Solar will install a photovoltaic power system for a wet-suit manufacturer in Haleiwa on Oahu’s North Shore.
Hoku Solar, a subsidiary of Hoku Scientific (Nasdaq: HOKU), will install the 34-kilowatt system at the Xcel Building that will generate more than 53,500 kilowatt hours of renewable solar electricity per year. The system will generate enough electricity over its lifetime to power 151 homes for one year and offset more than 885 tons of carbon dioxide emissions, Hoku said.
The Xcel Building is Xcel’s headquarters and manufacturing facility for the wet-suit brand.
Shares of Hoku stock closed up nearly 3 percent to $6.03.
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