Alaska Industrial Development and Export Authority

AIDEA launches InvestNorth to finance Alaska data centers, but Alaskans can't invest yet

AIDEA launched InvestNorth Monday so Alaskans might someday own a piece of data centers it helps finance. There's no project, no price and no way to invest yet.

by Walter AlaskaNews3d ago3 min read

AIDEA lets its director sign binding Ambler Road deals and move an estimated $86 million

AIDEA's board told its director to sign binding Ambler Road agreements and move an estimated $86 million more toward the road, weeks before Dunleavy leaves.

by Melinda Communities.News5d ago3 min readFrom Nov 4

AIDEA board approves up to $10 million stake in Augustine volcano geothermal project

AIDEA's board OK'd up to $10 million for a stake in a company that wants to tap the heat under Augustine, an active volcano in Cook Inlet. The terms come later.

by Walter AlaskaNews1w ago2 min read

Interior tells judge it's reviewing at least one application for ANWR winter work

Interior told a federal judge it's reviewing at least one application for winter work on ANWR's coastal plain, as she aims to rule on leasing by Nov. 20.

by Walter AlaskaNews1w ago2 min readFrom Oct 27

Follows: Federal judge hears bid Thursday to throw out Arctic refuge oil leasing and leases

AIDEA board weighs Wrangell shipyard loans and a stake in Augustine geothermal

AIDEA's board weighs lending Wrangell up to $22.8M for a shipyard and buying up to $10M of a company chasing geothermal power on Augustine volcano.

by Melinda Communities.News1w ago3 min read

AIDEA board to decide Nov. 4 how much of its earnings to make available to the state

AIDEA's board decides Nov. 4 how much of its earnings to offer the state. After its record year, it declared $17 million, about a quarter of income.

by Walter AlaskaNews2w ago1 min read

Forecasters expect up to a foot of snow near Red Dog Mine through Thursday afternoon

Winter storm warning near Red Dog Mine runs through 4 pm Thursday, with 6 to 12 inches expected and up to 18 inches in higher terrain.

by Walter AlaskaNews2w ago1 min read

Federal judge hears bid Thursday to throw out Arctic refuge oil leasing and leases

A judge hears arguments Thursday on scrapping ANWR's oil leasing program. Gwich'in and conservation groups sue; Kaktovik, the state and industry defend it.

by Walter AlaskaNews2w ago2 min read

Conservation district applies for 885 Point MacKenzie acres DNR plans to give AIDEA

A Wasilla conservation district wants the 885 Point MacKenzie acres DNR proposes to give AIDEA free, to keep hayfields farmed and build a farm hub instead.

by Maggie AlaskaNews2w ago3 min read

DNR commissioner says governor's office worked 'very closely' on land transfers to AIDEA

DNR's commissioner says the governor's office worked "very closely" on land transfers, including 20,000 free acres for AIDEA, after sending redacted records.

by Maggie AlaskaNews2w ago3 min read

Nova Minerals plans antimony refinery beside federally funded Port MacKenzie rail line

Nova Minerals will build a rail siding linking its antimony refinery to the federally funded Port MacKenzie rail extension.

by Melinda Communities.News2w ago3 min readFrom Oct 21

AIDEA commits $25 million to nuclear startup NuCube as it seeks to go public

AIDEA is putting $25 million into NuCube, a 10-person, pre-revenue nuclear startup, buying discounted shares as the company tries to go public.

by Melinda Communities.News3w ago3 min read

AIDEA board approves $75 million fiber company, bars partners on restricted lists

AIDEA's board created a $75 million company to buy into undersea fiber, hoping Alaska can stop being what the resolution calls a "data cul-de-sac."

by Walter AlaskaNews3w ago3 min read

Follows: AIDEA board to vote on a $75 million company to invest in undersea internet cables

Duffy announces $250 million federal grant to finish Port MacKenzie rail link

Duffy brought $250 million to finish the Port MacKenzie rail link, started in 2013, and promised to have dirt turning by spring at "Trump speed."

by Walter AlaskaNews3w ago2 min read

AIDEA board to vote on a $75 million company to invest in undersea internet cables

Alaska's internet leans on four undersea cables, two of them 27 years old. AIDEA could put up to $75 million toward replacing them, and maybe reaching Asia.

by Walter AlaskaNews3w ago2 min read

Antimony refinery developer Nova Minerals says its cash won't fund a year of plans

The company building a military antimony refinery at Port MacKenzie says it lacks the cash for another year of plans, after losing $25.6 million last year.

by Walter AlaskaNews4w ago3 min readFrom Sep 30

Giessel says free AIDEA land transfer takes over the Legislature's appropriation power

Giessel says giving 20,000 acres near Houston to AIDEA free takes the Legislature's power of the purse. Her math: a lease could bring in $14 million a year.

by Walter AlaskaNews4w ago2 min read

Senate committee votes to subpoena DNR commissioner over AIDEA land transfers

One invitation declined, another still pending. Senate Resources voted to subpoena DNR Commissioner John Crowther for Oct. 26 over free land transfers to AIDEA.

by Walter AlaskaNews1mo ago4 min read

Follows: Giessel says governor kept DNR commissioner from legislative hearing on AIDEA land transfers

AIDEA takes over governor's energy conference with up to $400,000

Gov. Dunleavy leaves office in December. The energy conference he founded stays on: AIDEA's board approved up to $400,000 to run it in Anchorage in 2027.

by Walter AlaskaNews1mo ago2 min readFrom Sep 22

State takes comments through Oct. 29 on water quality review of AIDEA's West Susitna road

The state is taking comments through Oct. 29 on whether AIDEA's 78.5-mile West Susitna road meets water quality rules. The Corps' own window closes Tuesday.

by Walter AlaskaNews1mo ago2 min read

Houston passes two-year pause on data centers as state weighs AIDEA land transfer

Houston's City Council paused data center permits for two years while the state weighs giving 20,000 acres just north of the city to AIDEA for free.

by Walter AlaskaNews1mo ago2 min read

Legislative attorneys say Houston land transfer to AIDEA may fail public-purpose test

Legislative attorneys say giving AIDEA 20,000 free acres near Houston may not pass the public-purpose test. AIDEA's director says state law already settles it.

by Walter AlaskaNews1mo ago3 min read

Conservation groups appeal state's Ambler road easement in Anchorage Superior Court

Seven conservation groups asked a judge to overturn DNR's easement for the Ambler road. Both sides cite the state Supreme Court's Donlin ruling.

by Walter AlaskaNews1mo ago5 min read

AIDEA looks at modular bridges used at Red Dog Mine for the proposed Ambler road

AIDEA toured modular steel bridges at Red Dog Mine as it weighs them for the proposed Ambler road, a project NANA and Tanana Chiefs have opposed.

by Melinda Communities.News1mo ago2 min read

AIDEA's board takes six major projects into executive session in Kotzebue

AIDEA's board meets in Kotzebue with Ambler, Red Dog, ANWR and West Susitna on the closed agenda — listed by name, with nothing said about what's up.

by Melinda Communities.News1mo ago2 min read

Railroad board to discuss $315 million Port MacKenzie extension Friday

The Alaska Railroad board will discuss a private consortium's Port MacKenzie proposal Friday. Any board action must occur in public session.

by Walter AlaskaNews1mo ago1 min read

Mat-Su asks AIDEA to build at Point MacKenzie, not on 20,000 acres near Houston

The state proposed giving AIDEA 885 acres at Port MacKenzie for free, one day after the borough voted to send AIDEA there instead of Houston.

by Walter AlaskaNews1mo ago4 min read

AIDEA will discuss the Ambler road in Kotzebue, with the public out

AIDEA's board will talk about the Ambler road in Kotzebue next week, behind closed doors. The public portion covers meeting dates and a conference.

by Melinda Communities.News1mo ago1 min read

State-backed Alyeschem plant reaches construction milestone

Alyeschem has finished driving foundation piles for its Prudhoe Bay chemical plant. Alaska's backing is a repayable loan, not a $70 million grant.

by Melinda Communities.News1mo ago2 min read

Comment closes Monday on giving 20,000 Houston-area acres to AIDEA

Alaskans have until 5 p.m. Monday to comment on giving 20,000 acres north of Houston to a state agency for free — and only those who comment can appeal.

by Walter AlaskaNews2mo ago3 min read

Antimony plant equipment lands at Port MacKenzie before its air permit clears

Nearly 500 tons of gear has landed at Port MacKenzie for a plant to produce antimony, a defense mineral the U.S. lacks — but its air permit isn't approved.

by Walter AlaskaNews2mo ago3 min readFrom Sep 1

Follows: A barge of secondhand equipment is bringing a military antimony refinery to Port MacKenzie

Kaktovik leaders back 1002 Area development and press AIDEA to weigh local knowledge

Kaktovik leaders told AIDEA board members that oil and gas decisions in the Arctic refuge's 1002 Area must include local residents and traditional knowledge, not just outside voices.

by Bill AlaskaNewsadded 2mo ago2 min read

HEX plans to triple its gas deliveries, enough to cover a tenth of demand

HEX plans to triple its contracted gas to ENSTAR by 2027. Even so, it would cover roughly a tenth of Southcentral demand as Cook Inlet keeps declining.

by Melinda Communities.News2mo ago2 min read

Alaska would give 20,000 acres near Houston to a state authority for free

Alaska proposes giving nearly 20,000 acres near Houston to a state development authority at no cost, and waiving its right to reclaim the land.

by Walter AlaskaNews2mo ago1 min read

A barge of secondhand equipment is bringing a military antimony refinery to Port MacKenzie

A barge of secondhand refining gear is headed for Port MacKenzie to start a $43.4 million military project for a metal the US stopped mining in the 1990s.

by Walter AlaskaNewsadded 2mo ago3 min read

AIDEA commits $25 million to drill under the West Susitna road

AIDEA committed up to $25 million to drill under a road with no buildable design yet, and its resolution names the three resource projects it would serve.

by Bill AlaskaNews2mo ago2 min read

AIDEA's board will sign off on refreshing its due diligence fund

AIDEA's board took back authority over a $4.5 million planning fund. The same meeting ran about four hours in executive session on ANWR and Ambler.

by Walter AlaskaNews2mo ago2 min read

Alaska's development authority again takes ANWR and Ambler to closed session

Alaska's development authority will again discuss two divisive projects — ANWR oil drilling and the Ambler mining road — in closed session this week.

by Melinda Communities.News2mo ago2 min read

Ambler advances, but the U.S. stake in its developer hasn't closed

Ambler Road permits are back in force and the project is advancing, but the U.S. government's planned stake in developer Trilogy Metals still hasn't closed.

by Walter AlaskaNews3mo ago2 min read

The state may give 20,000 acres near Houston to a development authority

The state may give a development authority nearly 20,000 acres north of Houston for data centers and industry. DNR sees jobs — but also reduced trail access.

by Walter AlaskaNews3mo ago1 min read