The Marshalls Energy Company plans to install a number of solar panels to reduce its use of diesel by about 100,000 gallons a year.
The project aims to focus on Majuro and Ebeye.
Our correspondent, Giff Johnson, says the reduced need for diesel is estimated to save the company up to 400,000 US dollars.
"But it also has a secondary spin off which is not only will they not need to use that fuel for power consumption and power generation, but they can also sell it to the fishing fleet that is a regular customer for diesel in Majuro where a lot of the tuna fishing boats come for trans-shipment re-fuelling and re-supply."
Giff Johnson says the Marshalls Energy Company is looking at installing the solar panels in different locations so it can still get energy production even if it's cloudy in one area of the atoll.