Hoku Timeline

2010Management team expands as Jeremy Yin named president of Hoku Corporation.

Jerrod Schreck named president of Hoku Solar.

Hoku Solar, as design-build contractor, installs 1.18MW utility-scale solar farm on Oahu for Forest City.

Hoku establishes Tianwei Solar USA, Inc. to provide module sales in North America.

2010
2010 Hoku Materials manufactures first polysilicon at Idaho plant.

Scott Paul assumes responsibilities as Hoku Corporation CEO.

Hoku Changes Name from Hoku Scientific to Hoku Corporation.

Hoku Solar installs rooftop PV systems in Hawaii for Diagnostic Laboratory Systems & Frito Lay, among others.
2009Hoku Solar commissions ~1MWp PV portfolio at Hawaii airports for State Dept. of Transportation.

Hoku Materials granted Foreign Trade Zone Status by U.S. Commerce Department.

Tianwei New Energy becomes Hoku majority shareholder.

Hoku Materials signs ten-year supply agreement with Alex New Energy.

First polysilicon reactors arrive in Pocatello, Idaho.
2008Hoku Solar installs over 500 kWp in Hawaii, including a rooftop system at Xcel’s North Shore headquarters on Oahu, Hawaii.

Hoku Solar secures financing for public sector PPA in Hawaii from U.S. Bank & United Fund Advisors.

Hoku Materials and Tianwei New Energy sign two polysilicon supply agreements, worth $227 and $284 million respectively.

Hoku and Solargiga sign $455 million polysilicon supply agreement.

Hoku and Jinko Solar sign $298 million supply agreement.
2007Hoku Solar teams with General Growth Properties and Bank of Hawaii for PV installations.

Hoku Materials and Solarfun sign $306 million polysilicon supply agreement.

Hoku Materials and Suntech Power sign $678 million polysilicon supply agreement.

Hoku signs 99 year ground lease in Pocatello; breaks ground at site of future polysilicon facility.

Hoku Materials signs $370 million polysilicon supply agreement with Sanyo Electric Co., Ltd. of Japan.
2006Nissan Motor awards fuel cell contract to Hoku.

Hoku expands into solar technology, forms Hoku Materials and Hoku Solar.

Hoku completes fuel cell demonstration for US Navy at Naval Station Pearl Harbor.

Hoku selects Pocatello, Idaho as site for polysilicon facility; explores module production line.

Hoku and Solar-Fabrik reach polysilicon MOU.
2005Hoku announces initial public offering.

Hoku officials open Nasdaq market.

Hoku and Sanyo Electric, Co., Ltd. sign new material transfer and collaborative testing agreement.
2004Hoku Reaches test agreement with Nissan Motor Company.

Hoku reincorporates in Delaware.
2003Hoku becomes executive member of US Fuel Cell Council.

Hoku and Sanyo form joint development partnership for Fuel Cells.
2002Hoku and University of Hawaii partner for fuel cell testing and development.
2001 Hoku Scientific, Inc. founded in Honolulu, Hawaii.

History of Hoku

Hoku was founded in 2001 by Dustin Shindo and Karl M.  “Kaleo” Taft III as Hoku Scientific, Inc., a materials science company focused on developing clean energy technologies.  Since then, we’ve grown into a diversified company operating multiple business units in the solar industry.

Our first innovations were Hoku MEA™, a proprietary membrane electrode assembly for fuel cells and Hoku Membrane®, membranes for PEM fuel cells.  The Hoku Fuel Cells business unit, though currently inactive, remains an important part of the evolution of Hoku Corporation, and we believe our patented technology could play a key role in the future growth of the fuel cell industry.

As we enter our second decade, Hoku Corporation and its business units Hoku Solar, Tianwei Solar USA, and Hoku Materials continue to seek new opportunities in the global clean energy marketplace.