Pilgrim Hot Springs Geothermal

ACEP determined that the resource should be capable of sustainably generating 2 MW of electric power, which could be used locally or delivered to Nome or other nearby loads via the construction of a power line. Based on the results of ACEP’s work, a power purchase agreement was signed between a private developer and the City of Nome as well as the landowner to develop a project. If the project is developed, it would be a milestone for Alaska as one of the first large-scale power projects developed in rural Alaska using largely private funding. At this time, the private developer and the landowners are actively pursuing the development of the project, and ACEP continues to support continued work at the site.