A grant program established by the Legislature and to be administered by AEA, the "Emerging Energy Technology Fund," under AS 42.45.375. The Authority may make grants to eligible applicants for demonstration projects of technologies that have a reasonable expectation to be commercially viable within five years and that are designed to:
- Test emerging energy technologies or methods of conserving energy;
- Improve an existing energy technology; or
- Deploy an existing technology that has not previously been demonstrated in Alaska.
Energy technology has been defined as technology that promotes, enhances, or expands the diversity of
available energy supply sources or means of transmission, increases efficiency, or reduces negative energy-related environmental effects. Energy technology includes technology related to renewable sources of energy, conservation of energy, enabling technologies, efficient and effective uses of hydrocarbons, and integrated systems.
Per the enabling legislation, the authority will be giving priority to:
- Alaska residents, associations, organizations, or institutions;
- Projects that demonstrate partnership with the University of Alaska or another Alaska postsecondary institution;
- Projects supported by matching funds or in-kind partnerships; and
- Projects with potential for widespread deployment in Alaska.
The legislation defines the following as eligible applicants for the new Emerging Energy Technology Fund
grant program:
- An electric utility holding a certificate of public convenience and necessity under AS 42.05;
- An independent power producer; (see below for definition)
- A local government, quasi-governmental entity, or other governmental entity, including tribal
council or housing authority;
- A business holding an Alaska business license; or
- A nonprofit organization.
Independent power producer means a corporation, person, agency, authority, other legal entity or instrumentality, that is not an electric utility and that owns or operates a facility for the generation
or production of energy entirely for use by the residents of one or more municipalities or
unincorporated communities recognized by the Department of Commerce, Community and
Economic Development for community revenue sharing under AS 29.60.850 – 29.60.879
and 3 AAC 180.
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