STAK Energy Signs Gas Deal for Alaska AI Campus
A 15-year agreement with ExxonMobil Alaska Production will supply gas for an off-grid power plant on Alaska's North Slope.
Updated on Nov. 5, 2026 in Data Centers
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STAK Energy and ExxonMobil Alaska Production have signed a 15-year gas sale agreement that converts a January precedent agreement into a binding commercial contract. The gas will fuel a new off-grid power plant supporting the planned Project Aaka advanced computing campus on Alaska's North Slope.
Why it matters
The agreement gives a commercial outlet to North Slope gas that has long gone unused, and it ties a large computing and power project to Alaska's energy resources. For Alaska readers, the project is framed as a source of new state and local tax revenue and lower energy costs for nearby industrial infrastructure.
The agreement sets a 15-year gas supply term for a campus planned at almost 3 GW of generating capacity, while North Slope gas has gone largely unused for about 50 years. Project cost, computing customers, turbine supplier, and capital budget have not been disclosed.
The players
STAK Energy
STAK Energy is the company developing Project Aaka, an advanced computing and power campus planned for Alaska's North Slope.
ExxonMobil Alaska Production
ExxonMobil Alaska Production is the energy producer supplying the North Slope gas under the 15-year sale agreement.
The details
Dedicated electricity will be generated by on-site gas turbines operating fully off-grid, and the company expects no disruption to Alaska's public electric grid or ratepayers. The campus will be built in an existing North Slope industrial corridor with year-round road and airport access, with a phased expansion scheduled to conclude in 2032.
Timeline
January: Precedent agreement signed between the parties.
November 2026: 15-year gas sale agreement completed.
2030: First power targeted from Project Aaka.
2032: Phased expansion of the campus scheduled to conclude.
Industry Dynamics
The deal gives a commercial route to North Slope gas that had been flared or reinjected for lack of a buyer for roughly 50 years. It places Alaska's gas resources in direct contact with the growing demand for large behind-the-meter power supply for advanced computing.
Alaska residents are not expected to see changes to public grid service, since the planned power campus will run fully off-grid. The project's projected state and local tax revenue from gas sales would be the main way the broader public feels its effects.
The takeaway
Projects that pair on-site gas generation with stranded resources are a new model for supplying power to large computing loads, and their grid and cost effects will be worth watching as the 2030 first-power target approaches.
Further reading
For broader context on how large computing facilities are being powered, explore Data Centers coverage.
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