Stack Energy Proposes to Invest $500 Million to Build Massive Data Center in Alaska
The center, located in remote Alaska, will span a square mile, slightly smaller than Central Park in New York City.
WASHINGTON, June 30, 2026 – One of the largest data centers in the U.S. is being proposed in rural Alaska.
Stak Energy, an Alaska-based private energy infrastructure company, is investing $500 million to build a data center in North Slope, Alaska, to support large-scale artificial intelligence cloud computing operations.
The data center, composed of multiple buildings, would cover an entire square mile in a remote area off the Dalton Highway, an area slightly smaller than Central Park in New York City. The project could produce up to three gigawatts of power, enough energy to supply every home in Alaska more than seven times over, making it competitive with some of the largest data centers proposed in the Lower 48 states.
According to the Alaska Beacon, the company said the project “reflects an important milestone for anchoring Alaska as America’s at-scale energy solution – a meaningful step toward bringing opportunity, jobs and revenue.”
Alaska Gov. Mike Dunleavy, R, has pushed for data center development in the state because of Alaska's unique ability to support projects. The governor has previously stated that Alaska’s low energy costs, cold climate, and planned infrastructure investments make it an ideal location for data centers.
The state is advancing a natural gas pipeline and fiber infrastructure to provide infrastructure that supports large-scale data center development.
Not everyone in the state wants data center development though. Last April, the Anchorage City Council passed a 10-2 vote on a city ordinance that banned new data centers in “residential zones” to preempt the surge in data center construction.
The proposed data center would be fueled by natural gas from a newly constructed pipeline. According to the proposal, the project could use more than twice the amount of fuel that urban Alaska uses for home and commercial heating and electrical generation.
Stak says the data center in North Slope is at a “crucial design advantage” because of the average annual temperature of the North Slope at 12F. This allows the company to use air for cooling instead of relying on water, reducing water consumption by 90 percent or more.
Energy experts have said that Stak’s application is thorough. However, it does raise questions about where the company is getting its natural gas supply because there is minimal existing infrastructure available to move natural gas to market, and Stak has not secured a gas supply yet.
Another concern is how quickly the company could secure natural gas-powered turbines for generating electricity. In Alaska, there has been a rising demand for those turbines, causing backlogs of up to seven years. The company wants to start operations in 2028.
The company has not disclosed who is financing the center, but the company previously said it was raising money from McKinley Alaska Private Investment, an Anchorage firm. Stak Energy proposed the lease to the Alaska Department of Natural Resources in November. No other competing bids came in, so the department is proceeding with the leasing process.
The energy company will have to complete additional permitting before the project can move forward to authorize the company to create a gravel pad that will elevate the power plants and computer systems at least five feet off the ground.
