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Terra Energy Center pitches coal-with-carbon-capture project, asks borough for DOE grant support
Summary
Terra Energy Center presented a proposal for a biomass/coal power plant with carbon capture to supply firm power for the Railbelt and requested a borough letter of support for a $400 million Department of Energy grant; assembly members asked questions but took no formal vote.
Jason Motica and Chaz (Chad) Schoissner of Terra Energy Center presented the company’s proposal for a biomass-decarbonized coal-fired power plant in the West Susitna and asked the Matanuska-Susitna Borough Assembly to consider a letter of support for a $400 million Department of Energy grant application.
The project team said the plant would use local coal reserves, integrate carbon-capture technology, and provide long-term, in‑state firm power for Southcentral Alaska, while offering ancillary products such as captured CO2 for industrial use. The presenters said the concept paper for the DOE funding was due March 1, 2025, with a full application due July 1, 2025, and that Terra Energy Center had already secured a $400 million grant development target and expected to reach final investment decision (FID) in 2026 if financing and permits progress.
Why it matters: The presenters argued the…
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