STAK Energy and ExxonMobil Alaska Production signed a 15‑year Gas Sale Agreement for the Project Aaka campus on Alaska’s North Slope, converting stranded associated gas into fuel for a dedicated power plant.

The campus will host high‑efficiency on‑site gas turbines delivering almost 3 GW of behind‑the‑meter electricity, intended to power large‑scale advanced computing and AI workloads.

Located in an existing industrial corridor with year‑round road and airport access, the project will operate completely off‑grid, avoiding any impact on Alaska’s public electric grid or ratepayers.

STAK expects the first power generation by 2030, with phased expansion continuing through 2032, aiming to lower energy costs for nearby North Slope infrastructure that currently pays a premium for power.

The agreement is projected to generate new state and local tax revenue from both gas sales and electricity production, though the overall project cost has not been disclosed.

STAK’s founder and CEO Sparrow Mahoney highlighted that the North Slope has been producing gas for five decades without a commercial outlet, and the deal is intended to bring lower‑cost energy to Alaskan families.

Key challenges include short Arctic construction windows, the need to secure a turbine supplier, identify computing customers, and finalize a capital budget before the 2030 target.