Latest news with #wildfiresafety
Bloomberg
12-08-2025
- General
- Bloomberg
While Los Angeles Burned, Rules to Protect Homes From Wildfires Were On Hold
California passed a 2020 law requiring property owners to create ember-resistant zones. Here's why it's only now finishing regulations that could've saved LA homes.
Yahoo
31-07-2025
- Business
- Yahoo
Hawaiian Electric Industries, Inc. (HE) Rolls Out AI-Driven Wildfire Defense System
We recently compiled a list of Hawaiian Electric Industries, Inc. stands fourth on our list. Hawaiian Electric Industries, Inc. (NYSE:HE), the primary energy provider for 95% of Hawaii's population, is advancing its commitment to renewable energy and grid modernization while addressing wildfire safety. Operating across Oahu, Hawaii, Maui, Lanai, and Molokai, the company is focused on strengthening its core utility business and transitioning to a more resilient, sustainable energy system. A major step in its clean energy transition is the Hoohana Solar project, which began operations in July 2025. This marks a significant milestone in expanding grid-scale renewable capacity and supports Hawaii's decarbonization goals. Hawaiian Electric Industries, Inc. (NYSE:HE) is also prioritizing wildfire safety, investing $120 million in 2024 to reduce wildfire risk by an estimated 60%. This includes installing fire-safe fuses, AI-assisted cameras, weather stations, and upgrading utility poles and overhead lines. The business launched a Public Safety Power Shutoff program and plans to submit a comprehensive wildfire safety plan to the Hawaii Public Utilities Commission in 2025. A view of the skyline from an electricity pylon, to show the ubiquity of the companies energy products. Financially, the firm is strengthening its balance sheet by selling its stake in American Savings Bank to reduce debt and fund utility-focused initiatives, including wildfire mitigation efforts. As one of the cheap utility stocks, institutional investors like Allianz Asset Management and Bank of New York Mellon have recently increased their stakes in Hawaiian Electric Industries, Inc. (NYSE:HE), reflecting market confidence. While we acknowledge the potential of GOOGL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None.
CBC
28-07-2025
- Climate
- CBC
Is your property prepared for a wildfire?
Wildfire seasons are getting more intense so we asked a FireSmart expert how to protect your property, and what fixes can be done right now — without breaking the bank.
