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Unlocking Energy Potential: STAK Energy's Bold New Agreement

In a significant move towards energy development, STAK Energy Corporation has partnered with ExxonMobil Alaska Production Inc. to sign a 15-year Gas Sale Agreement, aimed at supplying natural gas to a new power plant on Alaska's North Slope. This long-term agreement aligns with efforts to harness previously stranded gas resources and addresses critical power development in the region.

A New Era for North Slope Natural Gas

The agreement, formally executed on November 5, 2026, marks a milestone following the inception of a gas sale precedent agreement initiated in January. STAK Energy is set to transform North Slope natural gas into a viable energy source, capable of generating nearly 3 gigawatts (GW) of power, while ensuring that Alaska's energy resources contribute to both local economies and infrastructure.

The initiative, known as Project Aaka, will be established in a well-defined industrial corridor on the North Slope, featuring year-round access via road and air transport. The campus will function independently, generating its own power through highly efficient gas turbines, which means there will be minimal impact on Alaska's public electric grid and ratepayers.

Project Aaka: Enhancing Local Infrastructure

Project Aaka aims not only to supply steady energy for advanced computing applications but also to reduce energy costs for existing infrastructure in the North Slope area. This agreement is expected to enhance local tax revenues and provide a boost to the economy through job creation and infrastructure development. The anticipated timeline for the initial power generation is set for 2030, with further expansions planned through 2032.

As Alaska has a rich historical context of resource contribution—previously aiding the nation during World War II with critical infrastructure and later by establishing the Trans-Alaska Pipeline System—Project Aaka sees a continuation of this legacy in meeting contemporary energy demands. By leveraging the state’s resources, the initiative reflects Alaska's commitment to addressing the country's energy challenges.

Voices Behind the Venture

Sparrow Mahoney, CEO and founder of STAK Energy, emphasized the importance of this agreement, noting, "For fifty years, the North Slope has produced gas without a way to put it to work at scale. Today, that changes. Our agreement strengthens the case for bringing more power, and lower energy costs, home to Alaska families." This pivotal project aims to unlock the potential of Alaska's stranded resources, ultimately supporting the nation's energy goals.

About STAK Energy

Headquartered in Anchorage, with additional offices in Texas and California, STAK Energy is led by a team with extensive experience in delivering large-scale energy infrastructure in Alaska and the Arctic. Their backgrounds includes tenures at major corporations like ExxonMobil and ConocoPhillips, emphasizing a blend of technical expertise and deep-rooted familial connections to the region, which significantly influences the company's operational values.

As STAK Energy forges ahead, the outlook is positive—projecting a future where Alaska not only meets its energy needs but also contributes significantly to the nation’s power landscape. For detailed insights about STAK Energy and Project Aaka, you can visit their official website at www.STAK.energy.