{"product_id":"hei-bcg-matrix","title":"HEI Boston Consulting Group Matrix","description":"\u003cdiv class=\"pr-shrt-dscr-wrapper orange\"\u003e\n\u003csection class=\"pr-shrt-dscr-box\"\u003e\n\u003cdiv class=\"pr-shrt-dscr-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Magnifier-Icon.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eClarify HEI's Strategic Position\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"pr-shrt-dscr-content\"\u003e\n\u003cp\u003eReview HEI's BCG Matrix snapshot to identify which business units-across Hawaiian Electric Company and American Savings Bank-are driving growth and which may consume resources. This concise overview maps Stars, Cash Cows, Dogs, and Question Marks to inform portfolio priorities. Purchase the full BCG Matrix for quadrant-by-quadrant placement, evidence-based recommendations, and a ready-to-use Word report plus an Excel summary-designed to save research time and support investment choices related to utility operations, renewables, grid modernization, and financial services.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eS\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003etars\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper green\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-Stars-Star-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eUtility Scale Battery Storage Projects\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eUtility Scale Battery Storage Projects: As Hawaii aims for 100% renewable electricity by 2045, utility-scale storage is vital; HEI (Hawaiian Electric Industries) is deploying \u0026gt;200 MW\/800 MWh across Oahu, Maui, and Hawaii Island to smooth solar\/wind variability and avoid $70-120\/MWh curtailment losses.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-Stars-Star-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eGrid Modernization and Smart Grid Infrastructure\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eThe digital grid is a high-growth sector, expanding at ~9-11% CAGR globally (IEA\/McKinsey 2024) as utilities harden against extreme weather and add distributed energy resources (DERs).\u003c\/p\u003e\n\u003cp\u003eHEI is the primary mover in its territories, spending ~$420M in 2024 on advanced metering and automated distribution, boosting reliability and DER hosting capacity.\u003c\/p\u003e\n\u003cp\u003eThese programs are cash-intensive-capex tapers free cash-but are essential to secure and grow HEI's dominant share of local energy services.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-Stars-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-Stars-Star-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eElectric Vehicle Charging Network Expansion\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eHEI is expanding public fast chargers and workplace programs to capture Hawaii's EV surge: EV registrations rose 45% in 2024 to ~37,000 vehicles, driving projected charging load growth of ~18% annually through 2028, per state data.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-Stars-Star-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCommunity Solar Program Management\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eShared solar is growing ~20% CAGR through 2025, letting renters and apartment dwellers join the energy transition; HEI runs interconnection and billing, securing a central role in this expanding segment.\u003c\/p\u003e\n\u003cp\u003eHigh upfront admin and tech costs-often $200-$500 per subscriber-are offset by lifetime customer value: captured subscribers raise revenue per account 30-50% over 20 years.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e20% CAGR to 2025\u003c\/li\u003e\n\u003cli\u003e$200-$500 acquisition\/admin per subscriber\u003c\/li\u003e\n\u003cli\u003e30-50% higher revenue per account over 20 years\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-Stars-Star-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eWildfire Mitigation and Resilience Investments\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eHEI's wildfire mitigation investments target a high-growth need after 2020-2023 mega-fire years; utilities spent $7-12B annually nationwide by 2023 on hardening, and HEI plans $1.2B through 2027 to underground lines and fit LiDAR and fiber sensors to cut ignition risk and SAIDI (outage minutes).\u003c\/p\u003e\n\u003cp\u003eThese projects protect HEI's operating license and natural monopoly: regulators in 2024 tied approval and cost recovery to demonstrated reduction in fire-start probability, and HEI's move supports revenue stability and avoided wildfire liabilities.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003ePlanned spend: $1.2B 2024-2027\u003c\/li\u003e\n\u003cli\u003eTargets: undergrounding, LiDAR\/fiber sensors\u003c\/li\u003e\n\u003cli\u003eBenefit: lower ignition risk, improved SAIDI\u003c\/li\u003e\n\u003cli\u003eRegulatory link: cost recovery tied to risk reduction (2024 rulings)\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-Stars-Star-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eHEI doubles down on storage, digital grid \u0026amp; EVs-capex-fueled growth with regulatory support\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eStars: HEI's utility-scale storage (\u0026gt;200 MW\/800 MWh), digital grid ($420M capex 2024), EV charging (37k EVs, +45% 2024) and shared solar (≈20% CAGR) are high-growth, market-leading bets requiring heavy capex but driving durable share, higher revenue per account (+30-50%) and regulatory-backed cost recovery (wildfire hardening $1.2B 2024-27).\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003eValue\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eStorage\u003c\/td\u003e\n\u003ctd\u003e\u0026gt;200 MW \/ 800 MWh\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003e2024 capex\u003c\/td\u003e\n\u003ctd\u003e$420M\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eEVs (2024)\u003c\/td\u003e\n\u003ctd\u003e~37,000 (+45%)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eShared solar CAGR\u003c\/td\u003e\n\u003ctd\u003e~20% to 2025\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eWildfire spend\u003c\/td\u003e\n\u003ctd\u003e$1.2B (2024-27)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-includes\"\u003e\n\u003ch2\u003eWhat is included in the product\u003c\/h2\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Word-Icon.svg\" alt=\"Word Icon\"\u003e\n\u003cstrong\u003eDetailed Word Document\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eComprehensive BCG Matrix review of HEI products with quadrant strategies, investment recommendations, and risks from macro\/micro trends.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"plus-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Plus-Icon.svg\" alt=\"Plus Icon\"\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Excel-Icon.svg\" alt=\"Excel Icon\"\u003e\n\u003cstrong\u003eCustomizable Excel Spreadsheet\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eOne-page HEI BCG Matrix placing each academic program in a quadrant for clear strategic prioritization\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eC\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eash Cows\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-CashCows-Icon-Dollar-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eResidential Core Electricity Distribution\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eResidential core electricity distribution is a mature, low-growth market where Hawaiian Electric Industries (HEI) holds dominant market share-about 95% of Oahu residential customers in 2024-generating stable, regulated cash flow (roughly $1.1B operating cash in 2024). This segment needs little marketing, funds HEI's 2025-2030 renewable capital plan (~$2.5B) and supports dividends (2024 dividend yield ~3.6%), acting as the company's primary liquidity source.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-CashCows-Icon-Dollar-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCommercial Power Services\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eCommercial Power Services supplies reliable electricity to Hawaii's tourism and retail sectors, holding roughly 65-75% market share in key Oahu and Maui commercial grids and generating stable EBITDA margins near 28% in 2024.\u003c\/p\u003e\n\u003cp\u003eIsland geography caps volume growth to ~1-2% CAGR, but low incremental capex (under $40M\/year forecast through 2026) and steady cash flow let the unit fund about 60% of HEI's interest and dividend obligations.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-CashCows-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-CashCows-Icon-Dollar-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eAmerican Savings Bank Consumer Banking\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eAmerican Savings Bank, among Hawaii's largest banks, holds a dominant regional deposit market share (~18% statewide as of 2024) in a mature tourism-driven economy, securing steady retail and mortgage revenue.\u003c\/p\u003e\n\u003cp\u003eIts diversified income-retail deposits, mortgages, and small-business lending-generated roughly $1.1B in net interest income in 2024, supplying low-cost funding to HEI.\u003c\/p\u003e\n\u003cp\u003eHigh barriers-state licensing, branch density needs, and local relationships-keep competition low, preserving this unit's cash-cow cash flows and margin stability.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-CashCows-Icon-Dollar-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eTraditional Thermal Power Generation\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eTraditional thermal power generation remains a high-market-share baseload provider for HEI, with oil-fired plants running ~18% of Hawaii's grid in 2024 and providing ~1,200 MW of dispatchable capacity while being phased out by 2045.\u003c\/p\u003e\n\u003cp\u003eThese largely depreciated assets deliver strong cash flow: operating margins near 40% in 2024 and capex below $30 million annually, funding renewables build-out and reliability investments.\u003c\/p\u003e\n\u003cp\u003eThey bridge the transition by supplying firm capacity during peak demand and intermittency, enabling HEI to retire units progressively while keeping system adequacy and funding for a 100% renewable target.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e~1,200 MW dispatchable capacity\u003c\/li\u003e\n\u003cli\u003e18% of grid generation (2024)\u003c\/li\u003e\n\u003cli\u003e~40% operating margin (2024)\u003c\/li\u003e\n\u003cli\u003eAnnual capex \u0026lt; $30M\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-CashCows-Icon-Dollar-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eIndustrial Ratepayer Contracts\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eLong-term industrial and military ratepayer contracts deliver stable, high-market-share revenue-HEI reported 2024 industrial sales of $1.1 billion, ~18% of total revenue, underpinning cash flow.\u003c\/p\u003e\n\u003cp\u003eThese mature relationships need minimal promotion or new grid build once in place; contract tenors often 10-30 years with predictable load factors near 85%.\u003c\/p\u003e\n\u003cp\u003eSteady cash from high-volume users supports financial stability during transitions; in 2024 HEI free cash flow covered 1.6x of capex and dividends.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e2024 industrial sales $1.1B (~18% total)\u003c\/li\u003e\n\u003cli\u003eContract lengths 10-30 years\u003c\/li\u003e\n\u003cli\u003eTypical load factor ~85%\u003c\/li\u003e\n\u003cli\u003e2024 FCF covered 1.6x capex\/dividends\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-CashCows-Icon-Dollar-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eHEI's Cash Cows: $1.1B Residential, $1.1B ASB, 1,200MW Thermal, $1.1B Industrial\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eCash cows: HEI's regulated residential distribution, ASB banking, thermal baseload, and long-term industrial contracts produced stable cash-2024 operating cash ~ $1.1B (residential), ASB NII ~$1.1B, thermal ~1,200 MW\/18% generation with ~40% margin, industrial sales $1.1B (~18%); FCF covered 1.6x capex\/dividends.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eUnit\u003c\/th\u003e\n\u003cth\u003e2024 Key\u003c\/th\u003e\n\u003cth\u003eRole\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eResidential\u003c\/td\u003e\n\u003ctd\u003e$1.1B op cash; 95% Oahu share\u003c\/td\u003e\n\u003ctd\u003ePrimary liquidity\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eASB\u003c\/td\u003e\n\u003ctd\u003e$1.1B NII; 18% deposits\u003c\/td\u003e\n\u003ctd\u003eLow-cost funding\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eThermal\u003c\/td\u003e\n\u003ctd\u003e1,200 MW; 18% gen; 40% margin\u003c\/td\u003e\n\u003ctd\u003eBridge capacity\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eIndustrial\u003c\/td\u003e\n\u003ctd\u003e$1.1B sales; 10-30y contracts\u003c\/td\u003e\n\u003ctd\u003eStable high-volume revenue\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003ch2\u003e\n\u003cspan style=\"color: #3BB77E;\"\u003eWhat You See Is What You Get\u003c\/span\u003e\u003cbr\u003eHEI BCG Matrix\u003c\/h2\u003e\n\u003cp\u003eThe file you're previewing on this page is the final HEI BCG Matrix you'll receive after purchase-no watermarks, no demo content-just the fully formatted, ready-to-use strategic report crafted for clarity and professional use. This preview matches the exact document delivered: market-backed positioning, clear quadrant analysis, and editable visuals ideal for presentations or internal planning. Purchase unlocks the full file immediately for download, editing, or distribution to your team.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Explore-Preview.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eD\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eogs\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-Dogs-Icon-Locker-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eLegacy Fossil Fuel Infrastructure Maintenance\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eMaintaining aging oil-fired plants slated for decommissioning is a low-growth, low-return dog: global power-sector capex for fossil fuels fell 12% in 2024 to about $290B, and repair costs can consume 15-30% of operating cash flow for late-life units.\u003c\/p\u003e\n\u003cp\u003eThese assets are cash traps as long-term utility wanes under net-zero rules; IEA estimates stranded-asset risk could reach $1.6T in the power sector by 2030, so firms cut reinvestment and limit maintenance spend.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-Dogs-Icon-Locker-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eTraditional Brick and Mortar Bank Branches\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eTraditional brick-and-mortar branches in low-traffic areas are Dogs: low growth and low market share as digital banking rises; US branch transactions fell 28% from 2019-2023 while online\/mobile use hit 87% of adults in 2024.\u003c\/p\u003e\n\u003cp\u003eThese branches tie up capital-HEI reports ~15% of its real-estate assets and 12% of branch staff costs deliver under 5% of deposits; HEI is evaluating divestiture or consolidation to free capital.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-Dogs-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-Dogs-Icon-Locker-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eSmall Scale Standalone Biomass Projects\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eSmall-scale standalone biomass projects show low growth and market share vs solar\/wind; global small biomass capacity additions fell 12% in 2024 to ~3.5 GW, while utility-scale solar grew 18% to 180 GW (IEA, 2025 report).\u003c\/p\u003e\n\u003cp\u003eHigh O\u0026amp;M costs and feedstock logistics push margins to break-even; avg. levelized cost for small biomass was $120-$160\/MWh in 2024 vs $30-$50\/MWh for utility PV.\u003c\/p\u003e\n\u003cp\u003eGiven limited scale and 8-12% IRR ranges, these assets are typical divestiture or closure candidates so firms can reallocate capital to higher-return renewables.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-Dogs-Icon-Locker-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eLegacy Paper Based Financial Services\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eLegacy paper-based financial services sit in Dogs: low growth and shrinking share, with HEI reporting a 12% year-on-year decline in legacy transaction volumes in 2024 and only 4% of total revenue from paper channels.\u003c\/p\u003e\n\u003cp\u003eThese services tie up 28% of administrative FTEs while delivering 8-10% lower processing efficiency than digital channels, so HEI is phasing them out to cut costs and redeploy staff.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e2024 decline: 12% YoY\u003c\/li\u003e\n\u003cli\u003eRevenue share: 4% of total\u003c\/li\u003e\n\u003cli\u003eAdmin FTEs tied: 28%\u003c\/li\u003e\n\u003cli\u003eEfficiency gap vs digital: 8-10%\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-Dogs-Icon-Locker-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eNon Core Real Estate Holdings\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eNon Core Real Estate Holdings are small land parcels or properties unrelated to Hawaiian Electric Industries' (HEI) utility or Bank of Hawaii operations; they sit in the dog quadrant for low growth and minimal market share impact.\u003c\/p\u003e\n\u003cp\u003eThese assets typically yield low returns-often under 3% cap rates-and HEI sold $18m of noncore properties in 2024 to raise cash for grid upgrades and strategic investments in renewables (star) and emerging services (question mark).\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eLow growth, low share: dog quadrant\u003c\/li\u003e\n\u003cli\u003eTypical yield \u0026lt;3% cap rate\u003c\/li\u003e\n\u003cli\u003eHEI sold $18m noncore in 2024\u003c\/li\u003e\n\u003cli\u003eSelling frees cash for grid\/renewables\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-Dogs-Icon-Locker-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eNoncore \"Dogs\" Drain Capital: Aging Fossil Assets, Costly Biomass \u0026amp; Falling Branch Deals\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eDogs: aging oil plants, low-traffic branches, small biomass, legacy paper services, and noncore real estate tie up capital and show low growth\/returns; HEI sold $18M noncore in 2024, branch transactions fell 28% (2019-2023), fossil capex fell 12% in 2024 to $290B, small biomass LCOE $120-160\/MWh vs utility PV $30-50\/MWh.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eAsset\u003c\/th\u003e\n\u003cth\u003eKey metric\u003c\/th\u003e\n\u003cth\u003e2024\/Recent\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eAging oil plants\u003c\/td\u003e\n\u003ctd\u003eFossil capex\u003c\/td\u003e\n\u003ctd\u003e$290B (2024, -12%)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eBranches\u003c\/td\u003e\n\u003ctd\u003eTransaction decline\u003c\/td\u003e\n\u003ctd\u003e-28% (2019-2023)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eSmall biomass\u003c\/td\u003e\n\u003ctd\u003eLCOE\u003c\/td\u003e\n\u003ctd\u003e$120-160\/MWh (2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePaper services\u003c\/td\u003e\n\u003ctd\u003eRevenue share\u003c\/td\u003e\n\u003ctd\u003e4% (2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eNoncore real estate\u003c\/td\u003e\n\u003ctd\u003eSale proceeds\u003c\/td\u003e\n\u003ctd\u003e$18M (2024)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eQ\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003euestion Marks\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-Questions-Image-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eHydrogen Energy Production and Storage\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eGreen hydrogen in Hawaii could grow ~30% CAGR to 2030 given 2030 state goal for 100% renewable electricity and H2 use in shipping\/vehicles; HEI has single-digit production share today and faces high CAPEX: electrolyzer plus storage studies ~ $3,000-$6,000 per kW electrolyzer and $500-$1,000\/kWh storage for long-duration systems. \u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-Questions-Image-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eDigital Wealth Management Platforms\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eThe fintech shift to automated advisory (robo-advisors) grew 18% YoY in 2024 to $1.2 trillion AUM globally; American Savings Bank holds under 2% share in digital wealth-making this a Question Mark for HEI BCG Matrix.\u003c\/p\u003e\n\u003cp\u003eYoung investors (age 25-34) now hold 28% of digital-advice balances in the US; national digital banks (Chime, SoFi) and robo platforms (Betterment, Vanguard Digital Advisor) drive intense competition, raising acquisition costs 22% in 2024.\u003c\/p\u003e\n\u003cp\u003eHEI must invest $15-30 million in UX, APIs, and ML-driven advice within 12-18 months to gain scale; otherwise this high-growth segment risks turning into a low-return dog as incumbents lock in users.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-Questions-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-Questions-Image-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eOffshore Wind Integration\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eOffshore wind is a high-growth frontier for Hawaiian Electric Industries (HEI) given Hawaii's 100% renewable target by 2045, but HEI's current market share is near zero and projects remain speculative.\u003c\/p\u003e\n\u003cp\u003eTechnical and regulatory hurdles-grid upgrades, transmission HVDC costs (~$2-4m\/MW for subsea cables), and permitting-mean heavy R\u0026amp;D and capex, likely tens to hundreds of millions over 5-10 years.\u003c\/p\u003e\n\u003cp\u003eIf pilot projects succeed, offshore wind could become a star, adding GW-scale capacity and lowering LCOE versus imported oil; if not, HEI faces stranded-cost risks and large write-offs.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-Questions-Image-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eMicrogrid Development for Remote Communities\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eIndependent microgrids for remote communities grew 14% CAGR 2019-2024, reaching ~$3.2B global market in 2024; HEI's share is under 5% as its business centers on centralized grids.\u003c\/p\u003e\n\u003cp\u003eInvesting is a strategic gamble: capex per microgrid averages $1.2M-$4M depending on size, and HEI must pivot tech and local partnerships to stay relevant in a decentralized energy shift.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eMarket size 2024: ~$3.2B (14% CAGR 2019-2024)\u003c\/li\u003e\n\u003cli\u003eHEI market share: \u0026lt;5%\u003c\/li\u003e\n\u003cli\u003eTypical capex: $1.2M-$4M per microgrid\u003c\/li\u003e\n\u003cli\u003eKey risk: transition from centralized ops to local project delivery\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-Questions-Image-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eAdvanced Carbon Capture Ventures\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eAdvanced Carbon Capture Ventures sits in Question Marks: carbon capture is a high-growth field-global CCS capacity must reach ~5.6 GtCO2\/yr by 2050 vs ~0.04 GtCO2\/yr in 2023, per IEA-yet HEI's current exposure is minimal and pilot programs need tens-to-hundreds of millions with uncertain near-term ROI.\u003c\/p\u003e\n\u003cp\u003eHEI must decide if CCS aligns with its core renewables mission or distracts resources; if pursued, start with a small pilot (~$20-50M) and stage-gate funding tied to cost-per-ton targets (\u0026lt;$100\/t by 2030) and policy incentives.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eHigh growth: IEA 2050 target 5.6 GtCO2\/yr vs 2023 0.04 Gt\u003c\/li\u003e\n\u003cli\u003eCapital: pilots typically $20-100M; full projects $100sM+\u003c\/li\u003e\n\u003cli\u003eROI: uncertain near term; depends on credits ~$50-150\/t\u003c\/li\u003e\n\u003cli\u003eDecision: core strategic fit or distraction; use stage-gate pilots\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-Questions-Image-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eHEI's Question Marks: High-Growth Bets on Green H2, Robo-Advice, Wind, Microgrids, CCS\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eQuestion Marks: HEI faces several high-growth but low-share opportunities-green H2 (30% CAGR to 2030; electrolyzer $3k-$6k\/kW), robo-advice (18% YoY to $1.2T AUM; HEI \u0026lt;2%; $15-30M needed), offshore wind (speculative, HVDC $2-4M\/MW), microgrids (market $3.2B 2024; HEI \u0026lt;5%), CCS (IEA target 5.6 Gt by 2050; pilots $20-100M).\u003c\/p\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e","brand":"BCG Matrix","offers":[{"title":"Default Title","offer_id":44508945121363,"sku":"hei-bcg-matrix","price":10.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0709\/3102\/1907\/files\/hei-bcg-matrix.webp?v=1776721092","url":"https:\/\/bcgmatrixtemplate.com\/products\/hei-bcg-matrix","provider":"BCG Matrix","version":"1.0","type":"link"}