ignis H2 Energy Inc. is proud to share that Chugach Electric Association, Alaska’s largest electric utility, has issued a non-binding Letter of Interest (LOI) to enter into a Power Purchase Agreement (PPA) for up to 200 MW of baseload geothermal power from a project we’re advancing at Mount Augustine with our partner GeoAlaska LLC.
Chugach’s LOI reflects growing alignment between utilities and geothermal developers to decarbonize power systems while maintaining reliability, especially in frontier grids like Alaska’s Railbelt.
This milestone strengthens our next phase: drilling and investment. Ignis continues to bring oil & gas experience, geothermal focus, and a fast-paced development approach to underutilized, high-potential geothermal regions.
As always, we’re bringing oil & gas rigor, geothermal focus, and operational speed to underserved regions where clean baseload matters most.
If you’re ready to rethink energy from the ground up — let’s talk.
