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Exploring Alaska's alternative energy: the state possesses vast sources of alternative energy in the forms of wind, geothermal, tidal, hydro and biofuels.

Publication: Alaska Business Monthly
Publication Date: 01-OCT-05
Format: Online
Delivery: Immediate Online Access

Article Excerpt
In a state best known for its oil reserves, it might be considered surprising that a number of different Alaska entities, including rural and urban utilities, consumer and conservation groups, Native corporations and both large and small businesses, are working together to explore renewable energy sources. Though the 49th state has always been known for its fossil fuels, the fact is, the state possesses vast sources of alternative energy in the forms of wind, geothermal, tidal, hydro and biofuels.

"There are a number of reasons why it is important for Alaska to explore renewable energy resources," explained Chris Rose, director of the Renewable Energy Alaska Project (REAP). "Some areas, like Southcentral, are showing a shortage of natural gas, which the communities there really depend upon. It would also be wiser from a national security standpoint for the country not to be so dependent upon foreign fuels."

An investment in renewable energy development also could pay off handsomely for the state, according to Rose. "This is a huge economic opportunity," he said. "Promoting this form of development could result in the creation of hundreds of jobs, increase the tax base and attract other industries to our state. If Alaska gets in on the ground floor, the state could reap the benefits of what is definitely the industry of the future."

There are already a number of projects under way throughout the state that take advantage of Alaska's renewable resources. The majority of these have been spearheaded by businesses and corporations that have made a commitment to providing power in a new way. "There are still very few federal policies that support the exploration of renewable resources," explained Rose, "though some states have begun to provide incentives to companies that do so."

One of REAP's goals is to encourage Alaska to develop statewide incentives and policies that would make renewable energy exploration viable. Their other goals include advocating and supporting proposed renewable energy projects; building a market for renewable energy through public education; creating stakeholder unity and support among their members; and promoting energy efficiency and conservation throughout the state.

To this end, REAP recently...

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