I have to ask, but since so much of Hawaii's electricity production feeds air conditioners wouldn't it be more efficient to pipe this cold water into houses as coolant? Or to a datacenter?
http://apps1.eere.energy.gov/states/residential.cfm/state=HI
https://www.pointclickswitch.com/household-energy-consumptio...
There is a company doing what you are suggesting though, looks like ebay founder Pierre Omidyar is now owner: