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Geothermal company looks to Augustine Volcano as a source of renewable energy

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An Alaska company could start prospecting soon for energy on the active volcano on Augustine Island in Cook Inlet.

Augustine Island during geology field work in July, 2013. Cook Inlet. The state of Alaska is considering leasing land to GeoAlaska LLC so it can see if Augustine is a good fit for a potential geothermal project.GeoAlaska CEO Erik Anderson, of Anchorage, said the two-year-old company is looking at those two Cook Inlet volcanoes because they’re closer to Alaska’s population center and the Railbelt.

The Division of Oil and Gas has held lease sales for Spurr in the 1980s and 2008 and for Augustine in 2013. “An additional challenge is that it’s still a very under-explored state,” Clifton said. “And so we just don’t have a lot of great data about what geothermal resources might be available that are closer to populated centers.”

He said his company started with the Mount Spurr project. They’re starting to bring in experts to look at data there.

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