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HomeMy WebLinkAbout2023.04.07 AEA REF Round 15 Status Report (Final)REDUCING THE COST OF ENERGY IN ALASKA Round 15 (FY2024) Renewable Energy Fund (REF) Status Report Alaska Energy Authority — Renewable Energy Fund –Round XV REDUCING THE COST OF ENERGY IN ALASKA SAFE, RELIABLE, & AFFORDABLE ENERGY SOLUTIONS Alaska State Legislature April 2023 REDUCING THE COST OF ENERGY IN ALASKA 2 SAFE, RELIABLE, & AFFORDABLE ENERGY SOLUTIONS Table of Contents REF Overview Page 3 REF Statutory Guidance Page 4 Round XV Request for Applications Schedule Page 5 REF Evaluation Process Page 6 REF Funding Limits Page 10 Proposed REF Capitalization for Round 15 (FY2024)Page 11 REF Received Applications Summary Page 12 Non-Recommended Applications Summary Page 14 Renewable Energy Fund Advisory Committee (REFAC) Solicitation of Advice on Recommended Projects Page 16 REFAC Roles Page 17 REFAC Current Members Page 18 Recommended Applications Summary Page 19 Applications Forwarded for Legislature’s Decision on Funding Page 21 Partial Funding Recommendations Page 23 REDUCING THE COST OF ENERGY IN ALASKA REF Overview 3 The Alaska Renewable Energy Fund (REF)is a competitive grant program that was establishedbytheAlaskaStateLegislaturein2008andisnowinits15thannualfundingcycle(i.e.Round).The program was established to help fund cost-effective renewable energy projects throughoutthestate.These projects are intended to help communities reduce their dependence on fossilfuelsinordertostabilizetheircostsofbothheatandelectricity.The program also creates jobs,promotes renewable energy technology transfer within Alaskan communities,utilizes localenergyresources,keeps money in local economies,and fosters economic development. REDUCING THE COST OF ENERGY IN ALASKA REF Statutory Guidance (AS 42.45.045) Eligible projects must: Be a new project not in operation in 2008, and •be a hydroelectric facility; •direct use of renewable energy resources; •a facility that generates electricity from fuel cells that use hydrogen from renewable energy sources or natural gas (subject to additional conditions); or •be a facility that generates electricity using renewable energy. •natural gas applications must also benefit a community that: •Has a population of 10,000 or less, and •does not have economically viable renewable energy resources it can develop. Evaluation process Develop a methodology for determining the order of projects that may receive assistance, •most weight being given to projects that serve any area in which the average cost of energy to each resident of the area exceeds the average cost to each resident of other areas of the state, •significant weight given to a statewide balance of grant funds and to the amount of matching funds an applicant is able to make available •The REF evaluation process is comprised of four stages. 4 REDUCING THE COST OF ENERGY IN ALASKA DATE / ANTICIPATED DATE ACTION October 4, 2022 Request for Applications posted December 5, 2022 Application submission deadline December 2022 -March 2023 Evaluation of Applications April 5,2023 REFAC Meeting April 7, 2023 Submission of recommendations to Legislature July 1, 2023 If capital funds are appropriated by the Alaska Legislature –Grants could begin Request for Applications Schedule –REF Round XV 5 REDUCING THE COST OF ENERGY IN ALASKA REF Evaluation Process: Stage 1 Eligibility and Completeness The REF evaluation process is comprised of four stages. Stage 1 is an evaluation of the applicant, project eligibility and, completeness of the application, as per 3 AAC 107.635. This portion of the evaluation process is conducted by AEA staff. •Applicant eligibility is defined as per AS 42.45.045 (l). •“electric utility holding a certificate of public convenience and necessity under AS 42.05, independent power producer, local government, or other governmental utility, including a tribal council and housing authority;” •Project eligibility is defined as per AS 42.45.045 (f)-(h) and is provided on the preceding page. •Project completeness: •An application is complete in that the information provided is sufficiently responsive to the RFA to allow AEA to consider the application in the next stage (Stage 2) of the evaluation. •The application must provide a detailed description of the phase(s) of project proposed. Applications that failed to meet the requirements of Stage 1 were rejected by the authority. Each applicant whose application was rejected was notified of the authority’s decision. 6 STAGE 1 CRITERIA PASS/FAIL Applicant eligibility, including formal authorization and ownership, site control, and operation PASS/FAIL Project Eligibility PASS/FAIL Complete application,including Phase description(s) PASS/FAIL REDUCING THE COST OF ENERGY IN ALASKA REF Evaluation Process: Stage 2 Technical and Economic Feasibility Stage 2 is an evaluation concerning technical and economic feasibility. This portion of the evaluation process is conducted by AEA staff, Alaska Department of Natural Resources, and contracted third-party economists. The following items are evaluated as part of the Stage 2evaluation, as required per 3 AAC 107.645: •Project management, development, and operations; •Qualifications and experience of project management team, including on-going maintenance and operation; •Technical feasibility –including but not limited to sustainable current and future availability of renewable resource, site availability and suitability, technical and environmental risks, and reasonableness of proposed energy system; and, •Economic feasibility and benefits –including but not limited to project benefit-cost ratio, project financing plan, and other public benefits owing to the project. All Stage 2 criteria are weighted as follows as part of the evaluation process. Applications that score below 40 points in this stage are automatically rejected by the authority, however, those projects scoring above 40 may also be rejected as under 3 AAC 107.645(b) has the authority to reject applications that it determines to be not technically and economically feasible, or do not provide sufficient public benefit. 7 CRITERIA CRITERIA DESCRIPTION WEIGHT 1 Project management, development, and operation 25% 2 Qualifications and experience 20% 3 Technical feasibility 20% 4.a Economic benefit-cost ratio 25% 4.b Financing plan 5% 4.c Other public benefit 5% REDUCING THE COST OF ENERGY IN ALASKA REF Evaluation Process: Stage 3 Project Ranking Stage 3 is an evaluation concerning the ranking of eligible projects. This portion of the evaluation process is conducted by AEA staff in conjunction with solicitation from the Renewable Energy Fund Advisory Committee (REFAC) . The following items are evaluated as part of the stage three evaluation, as required per 3 AAC 107.655-660: •Cost of energy •Applicant matching funds •Project feasibility (levelized score from stage 2) •Project readiness •Public benefits (evaluated through stage 2 benefits) •Sustainability •Local Support •Regional Balance •Compliance All Stage 3 criteria are weighted as follows as part of the evaluation process. The Stage 3 scoring is used to determine the ranking score. 8 CRITERIA CRITERIA DESCRIPTION WEIGHT 1 Cost of Energy 30% 2 Matching Funds 15% 3 Project Feasibility (levelized score from Stage 2) 25% 4 Project Readiness 5% 5 Public Benefits 10% 6 Sustainability 10% 7 Local Support 5% 8 Regional Balance Pass/Fail 9 Compliance Pass/Fail REDUCING THE COST OF ENERGY IN ALASKA REF Evaluation Process: Stage 4 Regional Spreading Stage 4 is a final ranking of eligible projects, as required per 3 AAC 107.660, which gives “significant weight to providing a statewide balance of grant money, taking into consideration the amount of money available, number and types of projects within each region, regional rank, and statewide rank.” This portion of the evaluation process is conducted by AEA staff in conjunction with solicitation from the Renewable Energy Fund Advisory Committee (REFAC) . The following items are evaluated as part of the stage four evaluation, as required per 3 AAC 107.660: •Cost of energy burden = [HH cost of electric + HH heat cost] ÷ [HH income] –this is used to determine target funding allocation by region –for regional spreading Stage 4 cost of energy burden given below. The below table indicates target funding, as has been allocated, by region, this will be applied to Stage 3 statewide ranking to determine the regionally-spread rank. 9 REDUCING THE COST OF ENERGY IN ALASKA REF Round XV funding limits are limited by the requested phase(s) in the application and the technology type applied. Low vs High Cost Energy Areas: •Low Energy Cost Areas are defined as communities with a residential retail electric rate of below $0.20 per kWh, before Power Cost Equalization (PCE) reimbursement is applied. For heat projects, low energy cost areas are communities with natural gas available as a heating fuel to at least 50% of residences, or availability expected by the time the proposed project is constructed. •High Energy Cost Areas are defined as communities with a residential retail electric rate of $0.20 per kWh or higher, before PCE funding is applied. For heat projects, high energy cost areas are communities that do not have natural gas available as a heating fuel. REF Round XV Funding Limits REF Round XV Grant Funding Limits 10 REDUCING THE COST OF ENERGY IN ALASKA Proposed REF Capitalization for FY2024 / Rd 15 The State of Alaska FY2024 proposed capital budget allocates $7.5 million for REF Round 15 grant funding of recommended projects. The current list of 27 recommended applications yields a total grant request of $25.25 million. With the proposed REF budget of $7.5 million, there would be insufficient funding to cover the current Round 15 recommendations. Additional funding of $17.75 million would need to be allocated to fund all of the current Round 15 recommendations or some of the Round 15 recommendations will not be funded. The table to the right indicates historical REF program funding from the inception of the REF program to the FY2023 appropriation. $15M was approved in the FY2023 capital budget for REF Round 14, the largest REF capitalization since FY2014. 11 Legislative Appropriation Fiscal Year 100,001,000$ FY2008 25,000,000$ FY2009 25,000,000$ FY2010 36,620,231$ FY2011 25,870,659$ FY2012 25,000,000$ FY2013 22,843,900$ FY2014 11,512,659$ FY2015 -$ FY2016 -$ FY2017 (3,156,000)$ FY2018 - RPSU Reappropriation 11,000,000$ FY2019 -$ FY2020 -$ FY2021 4,750,973$ FY2022 15,000,000$ FY2023 299,443,422$ TOTAL (excl. operating appropriation) REDUCING THE COST OF ENERGY IN ALASKA For REF Round 15, AEA received 31 applications, with a corresponding total grant request of $33.0 million. Round XV –Received Applications Summary 12 Round 15 Summary of Received Applications - by Energy Region Energy Region No. of Applications REF Funding Requested ($) Aleutians 2 4,497,650$ Bristol Bay 5 6,692,378$ Copper River Chugach 1 500,000$ Lower Yukon Kuskokwim 7 3,806,068$ Northwest Arctic 1 1,134,500$ Railbelt 12 9,788,733$ Southeast 2 4,538,526$ Yukon-Koyukuk Upper Tanana 1 2,082,000$ Total 31 33,039,855$ Round 15 Summary of Received Applications - by Technology Technology No. of Applications REF Funding Requested ($) Biomass 1 500,000$ Geothermal 2 113,500$ Heat Recovery 1 1,000,000$ Hydro 6 8,967,570$ Solar 6 8,586,768$ Storage 1 2,172,984$ Wind 14 11,699,033$ Total 31 33,039,855$ $- $2,000,000 $4,000,000 $6,000,000 $8,000,000 $10,000,000 $12,000,000 Round 15 Grant Funds Requested by Energy Region $- $2,000,000 $4,000,000 $6,000,000 $8,000,000 $10,000,000 $12,000,000 $14,000,000 Biomass Geothermal Heat Recovery Hydro Solar Storage Wind Round 15 Grant Funds Requested by Technology REDUCING THE COST OF ENERGY IN ALASKA Round XV –Received Applications Summary The table to the right indicates the number of applications received by requested phase, along with the corresponding grant request totals. Per the current RFA, there are four phases, listed below in chronological order, for which an applicant may request funding: (1)Reconnaissance (2)Feasibility and Conceptual Design (3)Final Design and Permitting (4)Construction Several applications received in Round 15 requested funding for more than one phase. 13 $- $2,000,000 $4,000,000 $6,000,000 $8,000,000 $10,000,000 $12,000,000 $14,000,000 $16,000,000 Round 15 Grant Funds Requested by Phase REDUCING THE COST OF ENERGY IN ALASKA Stage 1 Non-Recommended Applications Summary 14 In AEA’s Stage 1 evaluation, as per 3 AAC 107.635, it was determined by AEA evaluation staff that 4applications did not meet the eligibility and/or completeness requirements and were rejected. Two applicants appealed their rejections as per 3 AAC 107.650 –“Requests for reconsideration”. Upon AEA’s due consideration and review of the appeals, both rejections were upheld, and final written notices were issued to those applicants. No additional applications were rejected as per 3 AAC 107.645, Stage 2 evaluations. With an initial receipt of 31 applications and 4 being rejected during Stage 1, there are 27 remaining applications which are recommended. With respect to grant funding requests, a total of $3.1 million was rejected in Stage 1. AEA received 31 initial applications. Owing to AEA’s Stage 1 review, 4 applications were rejected, reducing the total grant funds requested by $3.1 million. The remaining 27 applications, totaling a grant request of $29.9 million, were then evaluated according to Stage 2, Stage 3, and Stage 4 criteria. With the current proposed REF fund allocation of $7.5 million for FY2023, there are insufficient REF funds to cover one-hundred percent of the Round 15 requests. Partial funding recommendations, which are discussed further along in the presentation, were made in full consideration of project phases applied for, application scoring, project scope eligibility, and household cost of energy. REDUCING THE COST OF ENERGY IN ALASKA Stage 1 Non-Recommended Applications 15 Below are the 4 identified applications that were rejected during the Stage 1 evaluation: Application Number Applicant Application Name Technology Phase Community Funds Requested Election District Rejection Reason 15002 Nushagak Electric & Telephone Cooperative Nuyakuk Hydroelectric Project Hydro Feasibility and Conceptual Design Dillingham $1,000,000 37-S Project received maximum funding for requested phase in previous REF Rounds 15015 Beric Alaska Energy Beric Alaska Energy Solar One Solar Reconnaissance; Feasibility and Conceptual Design Railbelt $ 52,500 30-O Application was not signed 15019 City of Akiak Akiak Reconnaissance and Wind Assessment Wind; Solar Reconnaissance; Feasibility and Conceptual Design Akiak $ 446,500 38-S Application was not signed 15030 City of Fairbanks Public Works Solar Panel Array Solar Final Design and Permitting; Construction Fairbanks $1,600,000 31-P Incomplete application REDUCING THE COST OF ENERGY IN ALASKA Solicitation of Advice from REFAC As statutorily required per AS 42.45.045 and set forth in 3 AAC 107.660, the authority is to solicit advice from the REFAC concerning making a final list / ranking of eligible projects, which gives “significant weight to providing a statewide balance of grant money, taking into consideration the amount of money available, number and types of projects within each region, regional rank, and statewide rank.” This finalized list will be provided to the legislature for recommendation in accordance with AS 42.45.045(d)(3). Any grant awards are subject to legislative approval and appropriation. The right-hand table is provided to assess the “regional spreading” of REF funding. As indicated, both the Railbelt and the Southeast energy regions currently exceed 200% of their target allocation based on their cost of energy burden. Bristol Bay and Yukon-Koyukuk/Upper Tanana energy regions are the remaining regions where the allocation, based on the cost of energy burden, has not met 50% of their potential allocation, categorizing these regions as “under-served”. The authority solicits advice from the REFAC relating to any recommendations in changes to funding level, ranking, and/or total amount of funding and number of projects. 16 REDUCING THE COST OF ENERGY IN ALASKA REFAC Roles Statutes (AS 42.45.045) •AEA “in consultation with the advisory committee…develop a methodology for determining the order of projects that may receive assistance….” •AEA “shall, at least once each year, solicit from the advisory committee funding recommendations for all grants.” Regulations (3 AAC 107.660) (a) To establish a statewide balance of recommended projects, the authority will provide to the advisory committee established in AS 42.45.045 (i) a statewide and regional ranking of all applications recommended for grants. (b) In consultation with the advisory committee established in AS 42.45.045 (i), the authority will (1) make a final prioritized list of all recommended projects, giving significant weight to providing a statewide balance of grant money, and taking into consideration the amount of money that may be available, number and types of projects within each region, regional rank, and statewide rank 17 REDUCING THE COST OF ENERGY IN ALASKA REFAC Advisory Committee 18 NAME TITLE SECTOR APPOINTED BY VACANT VACANT Small rural electric utility Governor (pending) Rose,Chris Founder / Executive Director, Renewable Energy Alaska Project (REAP) Business/organization involved in renewable energy Governor VACANT VACANT Representative of an Alaska Native Organization Governor (pending) Amberg, Alicia Member,Denali Commission; Exec Dir, Associated General Contractors of Alaska Denali Commission Governor Janorschke,Bradley General Manager,Homer Electric Association Large urban electric utility Governor Stedman, Bert Senator Senate Member 2 Senate President Wilson, David Senator Senate Member 1 Senate President Carpenter, Ben Representative House Member 2 Speaker of the House Cronk, Mike Representative House Member 1 Speaker of the House REDUCING THE COST OF ENERGY IN ALASKA There are 27 recommended applications, totaling a request of $25.25 million. Round XV –Recommended Applications Summary 19 $- $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 $7,000,000 $8,000,000 Round 15 Grant Funds Recommended by Energy Region $- $1,000,000 $2,000,000 $3,000,000 $4,000,000 $5,000,000 $6,000,000 $7,000,000 $8,000,000 Biomass Geothermal Heat Recovery Hydro Solar Storage Wind Round 15 Grant Funds Recommended by Technology REDUCING THE COST OF ENERGY IN ALASKA Round XV Geographical Distribution of Recommended Applications 20 REDUCING THE COST OF ENERGY IN ALASKA Applications Forwarded for Legislature’s Decision on Funding 21 Please see related summary report for details concerning the evaluation and description of the individual applications. Recommended Projects*Recommendation App. #Applicant Project Title Phase Energy Region Election District Technology Community Grant Funds Requested Matching Funds Stage 3 Score Benefit / Cost Ratio HEC Regional Rank State Rank Rec. Funding Level Rec. Funding Amount Cumulative Rec. Funding** 15007 TDX Adak Generating, LLC Hydroelectric Power Adak -Feasibility and Conceptual Design Feasibility and Conceptual Design Aleutians 37-S Hydro Adak $ 497,650 $ 247,075 91.66 1.26 $ 12,265 1 1 Full $ 497,650 $ 497,650 15018 Golden Valley Electric Association LIDAR Improvement to Interior Wind Energy Assessments Feasibility and Conceptual Design Railbelt 36-R Wind Railbelt $ 250,000 $ 125,000 90.78 2.46 $ 9,943 1 2 Full $ 250,000 $ 747,650 15025 Alaska Electric & Energy Cooperative, Inc. (AEEC)Mount Spurr Geothermal Feasibility and Conceptual Design Railbelt 37-S Geothermal Railbelt $ 45,500 $ 30,940 88.06 1.83 $ 7,523 2 3 Full $ 45,500 $ 793,150 15024 Alaska Electric & Energy Cooperative, Inc. (AEEC)Augustine Island Geothermal Feasibility and Conceptual Design Railbelt 37-S Geothermal Railbelt $ 68,000 $ 42,140 87.76 1.83 $ 7,523 3 4 Full $ 68,000 $ 861,150 15022 Naknek Electirc Association Inc Naknek Electric Battery Energy Storage System Final Design and Permitting; Construction Bristol Bay 37-S Storage Naknek, South Naknek, King Salmon $ 2,172,984 $ 1,950,000 83.47 1.07 $ 10,532 1 5 Full $ 2,172,984 $ 3,034,134 15001 Native Village of Kluti-Kaah Woodchip Heating Project Construction Copper River Chugach 36-R Biomass Native Village of Kluti- Kaah (Copper Center)$ 500,000 $ 403,400 81.84 1.04 $ 10,138 1 6 Full $ 500,000 $ 3,534,134 15013 Kipnuk Light Plant Kipnuk Battery Installation, Integration and Commissioning Construction Lower Yukon Kuskokwim 38-S Wind Kipnuk $ 434,000 $ 859,000 80.53 5.00 $ 9,624 1 7 Full $ 434,000 $ 3,968,134 15028 Inside Passage Electric Cooperative Water Supply Creek Hydro Construction Construction Southeast 2-A Hydro Hoonah $ 3,538,526 $ 6,853,474 80.42 0.38 $ 9,663 1 8 Full $ 3,538,526 $ 7,506,660 15005 Cook Inlet Region Inc (CIRI) Energy, LLC Beluga Renewable Resource Assessment Feasibility and Conceptual Design Railbelt 37-S Wind Beluga $ 298,000 $ 54,000 79.99 0.91 $ 13,101 4 9 Full $ 298,000 $ 7,804,660 15011 Naterkaq Light Plant Chefornak Battery Installation, Integration, and Commissioning Construction Lower Yukon Kuskokwim 38-S Wind Chefornak $ 437,000 $ 859,000 78.91 1.72 $ 8,946 2 10 Full $ 437,000 $ 8,241,660 15004 Cook Inlet Region Inc (CIRI) Energy, LLC Healy Renewable Resource Assessment Feasibility and Conceptual Design Railbelt 30-O Wind Healy $ 298,000 $ 54,000 78.36 2.59 $ 9,425 5 11 Full $ 298,000 $ 8,539,660 15023 Alaska Electric & Energy Cooperative, Inc. (AEEC)Cook Inlet Oil Platform Wind Project Reconnaissance; Feasibility and Conceputal Design Railbelt 8-D Wind HEA Serving Area $ 214,400 $ 97,448 77.64 1.15 $ 7,523 6 12 Full $ 214,400 $ 8,754,060 15006 Tanana Chiefs Conference Huslia Community-Scale Solar PV and Battery Project Final Design and Permitting; Construction Yukon-Koyukuk Upper Tanana 36-R Solar Huslia $ 2,082,000 $ 110,000 74.77 1.00 $ 11,090 1 13 Full $ 2,082,000 $ 10,836,060 **Orange line indicates limit of recommended projects able to be funded with $7.5 million appropriation; funding of additional projects will require an increased appropriation equal to those cumulative funding amounts as recommended. REDUCING THE COST OF ENERGY IN ALASKA Applications Forwarded for Legislature’s Decision on Funding (continued) 22 Please see related summary report for details concerning the evaluation and description of the individual applications. Recommended Projects*Recommendation App. #Applicant Project Title Phase Energy Region Election District Technology Community Grant Funds Requested Matching Funds Stage 3 Score Benefit / Cost Ratio HEC Regional Rank State Rank Rec. Funding Level Rec. Funding Amount Cumulative Rec. Funding** 15009 Matanuska Electric Association Railbelt Wind Feasbility Study and Conceptual Design Feasibility and Conceptual Design Railbelt Various Wind Railbelt $ 1,833,333 $ 550,000 73.83 1.10 $ 5,792 7 14 Full $ 1,833,333 $ 12,669,393 15003 Northwest Arctic Borough Selawik Solar PV Construction Northwest Arctic 40-T Solar Selawik $ 1,134,500 $ 251,500 72.86 0.88 $ 8,448 1 15 Full $ 1,134,500 $ 13,803,893 15026 Yakutat Community Health Center Yakutat Community Health Center Heat Recovery Project Final Design and Permitting; Construction Southeast 2-A Heat Recovery Yakutat $ 1,000,000 $ 273,000 72.19 1.24 $ 7,957 2 16 Full w/ special provisions $ 1,000,000 $ 14,803,893 15016 Alaska Village Electric Cooperative Kalskag Wind Feasibility and Conceptual Design Feasibility and Conceptual Design Lower Yukon Kuskokwim 37-S Wind Kalskag $ 267,300 $ 29,700 72.10 0.30 $ 9,022 3 17 Full $ 267,300 $ 15,071,193 15021 Alaska Renewables LLC Utility-Scale Railbelt Wind –Alaska Renewables Final Design and Permitting Railbelt 30-O; 36-R Wind Railbelt $ 2,000,000 $ 3,546,500 71.64 0.68 $ 5,791 8 18 Full $ 2,000,000 $ 17,071,193 15017 Alaska Village Electric Cooperative New Stuyahok Solar Energy and Battery Storage Project Final Design and Permitting; Construction Bristol Bay 37-S Solar New Stuyahok, Ekwok $ 2,520,000 $ 280,000 64.67 0.07 $ 9,273 2 19 Full $ 2,520,000 $ 19,591,193 15014 City of Chignik Chignik Hydroelectric Power System Final Design and Permitting Bristol Bay 37-S Hydro Chignik $ 802,394 $ 43,767 61.47 0.67 $ 6,780 3 20 Full $ 802,394 $ 20,393,587 15012 Atmautluak Tribal Utilities Atmautluak Battery and Thermal Stove Installation, Integration and Commissioning Construction Lower Yukon Kuskokwim 38-S Wind Atmautluak $ 577,000 $ 81,000 59.18 0.77 $ 9,546 4 21 Full $ 577,000 $ 20,970,587 15029 Chugach Electric Association Godwin Creek Hydroelectric Project Feasibility and Conceptual Design Railbelt 5-C Hydro CEA Serving Area $ 1,729,000 $ 306,117 58.53 0.40 $ 3,613 9 22 Full $ 1,729,000 $ 22,699,587 15008 Turnagain Arm Tidal Energy Corp Turnagain Arm Tidal Electricity Generation Project (TATEG)Reconnaissance Railbelt 16-H; 15-H; 8-D Hydro Railbelt $ 1,400,000 $ 280,000 56.41 1.07 $ 5,792 10 23 Partial w/ Special Provision $ 400,000 $ 23,099,587 15027 Tuntutuliak Community Services Association Tuntutuliak Community Services Association Solar Energy Project Final Design and Permitting; Construction Lower Yukon Kuskokwim 38-S Solar Tuntutuliak $ 1,197,768 $ 14,000 55.57 0.00 $ 10,426 5 24 Full w/ special provisions $ 1,197,768 $ 24,297,355 15031 City of Unalaska City of Unalaska Wind Power Design/Construction Final Design and Permitting; Construction Aleutians 37-S Wind Unalaska $ 4,000,000 $ 8,790,000 54.05 0.90 $ 8,418 2 25 Partial $ 420,000 $ 24,717,355 15010 City of Napaskiak Napaskiak Reconnaissance and Wind Assessment Project Reconnaissance; Feasibility and Conceputal Design Lower Yukon Kuskokwim 38-S Wind Napaskiak $ 446,500 $ 3,000 53.66 0.33 $ 10,069 6 26 Partial $ 337,500 $ 25,054,855 15020 Levelock Village Council Levelock Feasibility and Conceptual Design Feasibility and Conceptual Design Bristol Bay 37-S Wind Levelock $ 197,000 $ 9,000 53.35 0.04 $ 10,171 4 27 Full w/ special provision $ 197,000 $ 25,251,855 *If approved by the Legislature, this funding would become effective July 1, 2023 for inclusion in the Fiscal Year 2024 budget. REDUCING THE COST OF ENERGY IN ALASKA Round XV –Partial Funding Recommendations As part of the evaluation process and pursuant to 3 AAC 170.655(b), 3 applications, as provided below, have been recommended for partial funding. If these partial funding recommendations are reversed and full funding recommended, this would raise the total grant request amount for all remaining 27 recommended applications to $29.9 million. Reasoning for recommendations of partial funding are provided on the following page. Partial funding recommendations have been made in full consideration of additional due diligence and information needed from preliminary project phases prior to funding for final design and/or construction; eligibility of items comprising project scope; and statewide balance of grant money, taking into consideration the amount of money available, number and types of projects within each region, regional rank, and statewide rank (as per 3 AAC 107.660). 23 Application Number Applicant Name Project Title Project Phase Energy Region Election District Tech Grant Funds Requested Matching Funds Matc h Type Stage 3 Score Benefit/Co st Ratio Household Energy Cost Regiona l Rank State wide Rank Recommended Funding Amount 15008 Turnagain Arm Tidal Energy Corp Turnagain Arm Tidal Electricity Generation Reconnaissance Railbelt 16-H; 15- H; 8-D Hydro $1,400,000 $ 280,000 In Kind 56 1.07 $5,792 10 23 $ 400,000 15010 City of Napaskiak Napaskiak Reconnaissance and Wind Assessment Reconnaissance Lower Yukon Kuskokwi m 38-S Wind $ 446,500 $ 3,000 In Kind 54 0.33 $10,069 6 26 $ 337,500 15031 City of Unalaska City of Unalaska Wind Power Design/Construction Final Design and Permitting; Construction Aleutians 37-S Wind $4,000,000 $8,790,000 Cash 54 0.9 $8,418 2 25 $ 420,000 REDUCING THE COST OF ENERGY IN ALASKA Round XV –Partial Funding Reasoning 24 Application Number Applicant Name Project Title Partial Funding Reasoning 15008 Turnagain Arm Tidal Energy Corp Turnagain Arm Tidal Electricity Generation The requested funding amount was to fund two studies, one study for regulatory requirements and permitting and one study for bathymetry for the site. AEA recommends funding only the study for regulatory requirements and permitting in Round 15. Reconnaissance studies are a desktop study and the analysis should use resource, economic, and operational data that is readily and/or publicly available. There are also many stakeholders on a project such as TATEG, and it is imperative for project planners to conduct extensive stakeholder outreach prior to any feasibility study work, such as bathymetric mapping, to determine the extent of stakeholder approval. Additionally, the TATEG project’s permitting and regulatory requirements must be known before the project team can sufficiently define the scope of work, and subsequently estimate the project cost and schedule. 15010 City of Napaskiak Napaskiak Reconnaissance and Wind Assessment Costs proposed for equipment and monitoring in the application appear high when compared to similar projects. AEA recommends partial funding for the met tower to bring the cost in line with similar projects; requested funding for this line item was $194k and AEA recommends $97k. AEA recommends partial funding for monitoring costs; requested funding for this line item was $2,000 a month and AEA recommends $1,000. 15031 City of Unalaska City of Unalaska Wind Power Design/Constructio n The requested phases were Final Design & Permitting and Construction. AEA recommends funding only the Final Design & Permitting Phase in Round 15. Partial funding will allow for more refined cost estimates for the Construction Phase in future REF rounds, as well as, provides additional time to determine if other energy projects will be moving forward in the region. REDUCING THE COST OF ENERGY IN ALASKA 25 SAFE, RELIABLE, & AFFORDABLE ENERGY SOLUTIONS ALASKA ENERGY AUTHORITY 813 West Northern Lights Blvd. Anchorage, Alaska 99503 Phone: (907) 771-3000 Fax: (907) 771-3044 Toll Free (Alaska Only) 888-300-8534