A study says data hosting could make substantial money for the island through leases and royalties.
Alderney is looking for expressions of interest from companies wanting to build and operate a data centre on the island.
Data centres are secure sites that use computer servers and storage systems to host an organisation's IT.
A study, commissioned by an external consultant appointed by the States of Guernsey said it was feasible.
However, the move does not commit the States to development.
Jeannie Cameron chairs Alderney's Policy & Finance Committee and says it is worth exploring:
“The feasibility study opens by saying: ‘A data centre is feasible and economically transformational for Alderney.'
"We therefore have a fiduciary duty to consider it and to move to the next step to see what interest there is from the private sector, and to consult with the public when any proposals are received.”
Alderney would benefit through leases and royalties and potentially cheaper electricity.
Data centres are known for the large amount of electricity and water they consume to keep the machines from overheating.
Previously, it had been suggested that two of the old forts could provide the space.
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