Murray Clay

As president, Murray oversees and manages all aspects of Ulupono Initiative. He guides the team on overall strategy and process, focusing on the best way to achieve the firm’s mission-driven goals using due diligence and analysis. He is also one of Hawaii’s leading proponents in the area of performance-based regulation (PBR) as a means to accelerate progress toward the state’s ambitious renewable energy goals. Prior to joining Ulupono Initiative, Murray served as deputy chief investment officer of SDS Management LLC in Connecticut. He has more than 15 years of experience in managing hedge fund and private equity portfolios, and he has led due diligence, negotiated and structured direct investments in many industries including energy, natural resources, and biotechnology. Prior to his finance career, he served as an intelligence officer for U.S. Air Force special operations forces for five years. A graduate of the U.S. Air Force Academy, Murray holds a Bachelor of Science in International Affairs, with a minor in Japanese. He earned his Master of Business Administration with High Honors from the University of Chicago Booth School of Business.

Electric Utility Securitization Decision Hinges On How Funds Are Spent Cory Lum/Civil Beat/2015

Electric Utility Securitization Decision Hinges On How Funds Are Spent

But it should be used to lower the cost to customers for essential investments, not shift liability from the utility.

Setting The Record Straight On Resilience And Renewables Nathan Eagle/Civil Beat/2023

Setting The Record Straight On Resilience And Renewables

Claiming a utility company chose renewable energy over resiliency investments reveals a lack of understanding of how regulated utilities work.

Participatory Budgeting Paves Path For Community-Centered Energy Planning Nathan Eagle/Civil Beat/2022

Participatory Budgeting Paves Path For Community-Centered Energy Planning

It's important for the community to be aware and involved in the decision-making process.

Driving Electric More Attainable Than You Think

Driving Electric More Attainable Than You Think

The estimated cost of charging an EV is still significantly less than refueling at the pump.
State Must Strike Balance In Funding Roadways

State Must Strike Balance In Funding Roadways

Let’s move from the gas tax to a vehicle-miles-traveled tax – but as the number of Hawaii’s electric vehicles increases.