NELHA 1980 NELHA 2012
Cyanotech Corporation (Nasdaq: CYAN)
One of the secrets at HOST Park is the amount of innovation that local businesses are undertaking with new and varied uses of the deep ocean seawater that is pumped throughout the park. Cyanotech is one of HOST Park’s oldest businesses and largest employers. It is a good example of this innovation occurring in which they have developed a one of a kind use of the cold deep ocean seawater to cool their algae ponds and aid in the drying process. Cyanotech, has been able to turn the company around with excellent management, product development and marketing. Cyanotech ended the 2012 year with revenue of $27 million.
Kampachi Farms LLC
Over the years, HOST Park has attracted serial entrepreneurs and innovators such as the principals of Kampachi Farms LLC. After conducting research on black pearls and founding another successful HOST Park company, Kona Blue Water Farms Inc. which successfully brought Kona Kampachi to the market and was acquired by Blue Ocean Mariculture in 2010, these folks started Kampachi Farms LLC to focus on expanding sustainable production of ocean fish. Their Vellela project was selected as one of the TIME Magazine’s Best Inventions of 2012.
Makai Ocean Engineering
The unique deep water resources provided at HOST Park have enabled Makai to remain at the epicenter of an emerging renewable energy market of global significance – ocean thermal energy conversion (OTEC). By the summer of 2014, Makai’s Ocean Energy Research Center will use the deepwater infrastructure provided by NELHA to supply OTEC power to the local grid, making it the world’s largest operational OTEC power plant. In addition, Makai has leveraged the experience gained from the deepwater pipeline designs for NELHA to develop an OTEC-spinoff technology, called seawater air conditioning or SWAC, that has resulted in millions of dollars in revenue for the company