The funds from the federal loan must be dispersed by 2031.
Published: Jun. 26, 2024 at 7:35 PM AKDTFAIRBANKS, Alaska - Like a late-career star athlete, Golden Valley Electric Association’s existing Battery Energy Storage System is set to transition from record breaker to second string.
Of the $100 million, $60 million will qualify for loan forgiveness due in large part to support from Doyon, Limited — an Interior Alaska’s Native Corporation — according to GVEA. The utility intends the new system to fulfill a similar purpose but also help store energy generated by renewables, given the inevitable fluctuations in supply from renewable sources like wind and solar.
“It’s not intended to replace our existing BESS. Our existing BESS is reaching its end of life. We have yet to determine if we will be making necessary upgrades to it or not,” Bradish said.
Gvea Bess Bess Interior Alaska Doyon Alaska Energy
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
GVEA to hold runoff election to decide district 7 board memberOut of more than 36,000 GVEA members in the community, roughly 11% voted in this election.
Read more »
Seventeen Federal Agencies Recognize Decade of Federal Progress Addressing Elder AbuseAddressing elder abuse
Read more »
Bridgerton's Bessie Carter, Sam Phillips Allegedly DatingLady Whistledown missed the biggest story of the year.
Read more »
Evanston/Skokie D65 board votes to close Bessie Rhodes school in 2026A 5-2 vote sealed the fate of the Dr. Bessie Rhodes School of Global Studies Monday night after the Evanston/Skokie School District 65 Board of Education voted to close the district’s lone fu…
Read more »
'Bridgerton' Co-Stars Bessie Carter and Sam Phillips Seem to Confirm Romance With a Kiss During U.K. Outing'Bridgerton' co-stars Bessie Carter and Sam Phillips were spotted out in Sussex together last week.
Read more »
Federal Heat Rule Proposed Following Texas Bill That Stripped Worker ProtectionsAfter Abbott’s “Death Star” law, another attempt to protect workers from extreme heat
Read more »