How ACEP is funded…
ACEP projects span a broad range of renewable and fossil energy technologies, from small community resource assessments to multi-million dollar program initiatives. ACEP focuses on areas where Alaska can play a significant leadership role in technology development, and works with a wide range of funding partners. While in the past energy research at the University of Alaska has been largely federally funded, ACEP has a diverse portfolio of funding organizations with the large majority (87%) based in Alaska.
Funding Facts about ACEP…
- Every $1 invested by the State of Alaska in ACEP generated more than $15 in awarded grants and contracts in FY11.
- ACEP is almost entirely funded through competitive awards and contracts.
- 65% of ACEP’s projects serve specific needs of rural and tribal communities in Alaska.
- More than 50% of the dollars brought in through ACEP projects are designated for our research partners in other departments within the University of Alaska system.
*ACEP base funding was increased to $750,000 for FY12. Some projects span multiple years.