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          <cik>0001199202</cik>
          <ccc>XXXXXXXX</ccc>
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      <liveTestFlag>LIVE</liveTestFlag>



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      <issuerCik>0000354707</issuerCik>
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      <secFileNumber>001-08503</secFileNumber>
      <issuerAddress>
        <com:street1>1001 BISHOP STREET, SUITE 2900</com:street1>
        <com:city>HONOLULU</com:city>
        <com:stateOrCountry>HI</com:stateOrCountry>
        <com:zipCode>96813</com:zipCode>
      </issuerAddress>
      <issuerContactPhone>8085435662</issuerContactPhone>
      <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>RUSSELL KEITH P</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
      <relationshipsToIssuer>
        <relationshipToIssuer>Director</relationshipToIssuer>
      </relationshipsToIssuer>
    </issuerInfo>
    <securitiesInformation>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <brokerOrMarketmakerDetails>
        <name>Fidelity Brokerage Services LLC</name>
        <address>
          <com:street1>900 Salem Street</com:street1>
          <com:city>Smithfield</com:city>
          <com:stateOrCountry>RI</com:stateOrCountry>
          <com:zipCode>02917</com:zipCode>
        </address>
      </brokerOrMarketmakerDetails>
      <noOfUnitsSold>10000</noOfUnitsSold>
      <aggregateMarketValue>392120.05</aggregateMarketValue>
      <noOfUnitsOutstanding>109472304</noOfUnitsOutstanding>
      <approxSaleDate>03/08/2023</approxSaleDate>
      <securitiesExchangeName>NYSE</securitiesExchangeName>
    </securitiesInformation>
    <securitiesToBeSold>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <acquiredDate>06/29/2012</acquiredDate>
      <natureOfAcquisitionTransaction>Restricted Stock Vesting</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>2629</amountOfSecuritiesAcquired>
      <paymentDate>06/29/2012</paymentDate>
      <natureOfPayment>Compensation</natureOfPayment>
    </securitiesToBeSold>
    <securitiesToBeSold>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <acquiredDate>06/28/2013</acquiredDate>
      <natureOfAcquisitionTransaction>Restricted Stock Vesting</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>2963</amountOfSecuritiesAcquired>
      <paymentDate>06/28/2013</paymentDate>
      <natureOfPayment>Compensation</natureOfPayment>
    </securitiesToBeSold>
    <securitiesToBeSold>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <acquiredDate>06/30/2014</acquiredDate>
      <natureOfAcquisitionTransaction>Restricted Stock Vesting</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>2962</amountOfSecuritiesAcquired>
      <paymentDate>06/30/2014</paymentDate>
      <natureOfPayment>Compensation</natureOfPayment>
    </securitiesToBeSold>
    <securitiesToBeSold>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <acquiredDate>06/30/2015</acquiredDate>
      <natureOfAcquisitionTransaction>Restricted Stock Vesting</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>1446</amountOfSecuritiesAcquired>
      <paymentDate>06/30/2015</paymentDate>
      <natureOfPayment>Compensation</natureOfPayment>
    </securitiesToBeSold>
    <nothingToReportFlagOnSecuritiesSoldInPast3Months>Y</nothingToReportFlagOnSecuritiesSoldInPast3Months>
    <noticeSignature>
      <noticeDate>03/08/2023</noticeDate>
      <signature>/s/Wade Moss, as a duly authorized representative of Fidelity Brokerage Services LLC, as attorney-in-fact for  Keith Russell</signature>
    </noticeSignature>
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144
0001199202
XXXXXXXX
LIVE
0000354707
HAWAIIAN ELECTRIC INDUSTRIES INC
001-08503
1001 BISHOP STREET, SUITE 2900
HONOLULU
HI
96813
8085435662
RUSSELL KEITH P
Director
Common
Fidelity Brokerage Services LLC
900 Salem Street
Smithfield
RI
02917
10000
392120.05
109472304
03/08/2023
NYSE
Common
06/29/2012
Restricted Stock Vesting
Issuer
N
2629
06/29/2012
Compensation
Common
06/28/2013
Restricted Stock Vesting
Issuer
N
2963
06/28/2013
Compensation
Common
06/30/2014
Restricted Stock Vesting
Issuer
N
2962
06/30/2014
Compensation
Common
06/30/2015
Restricted Stock Vesting
Issuer
N
1446
06/30/2015
Compensation
Y
03/08/2023
/s/Wade Moss, as a duly authorized representative of Fidelity Brokerage Services LLC, as attorney-in-fact for  Keith Russell