September 23, 2024
Anchorage Daily News
$200M grant to upgrade grid, allowing more renewables
The Alaska Energy Authority has accepted a $206.5 million federal grant, part of the bipartisan infrastructure bill, to build a 38-mile submarine transmission line across Cook Inlet. This project will quadruple the transmission capacity from the Bradley Lake Hydroelectric Project near Homer and future renewable projects on the Kenai Peninsula, increasing renewable energy distribution along the Railbelt grid. The total $413 million project, likely the largest construction project outside the North Slope oil fields, will support Alaska's clean energy infrastructure and help stabilize Alaska's energy prices and supplies.