Hoku Scientific (2003)

Kapolei, HI

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NMTC Amount: $250,000

Est. Total Project Cost: $21,250,000

COMMUNITY IMPACT

In December 2003, the Fund invested $250,000 in Hoku Scientific Inc. as part of an approximately $5 million round of equity financing. Located in a low-income area of Honolulu, Hawaii, Hoku is a developer of fuel cell membrane technology, primarily for use in Proton Exchange Membrane fuel cells. The company has grown from a dozen or so employees at the time of investment to approximately three dozen today; almost all of these jobs are well-paid professional positions.

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