Community-led bioenergy projects show great promise to address a range of issues for remote and Indigenous Arctic communities that typically rely on diesel for meeting their energy demands. However, there is very little research devoted to better understanding what makes individual projects successful. In this study, we analyze the case of the Galena Bioenergy Project (Alaska)—a biomass heating project that uses locally sourced woody biomass to help meet the heating demands of a large educational campus. Using project documents and other publicly available reports, we evaluate the project’s success using three indicators: operational, environmental, and community level socio-economic benefits. We find that the project shows signs of success in all three respects. It has a reliable fuel supply chain for operations, makes contributions towards greenhouse gas reductions by replacing diesel and has improved energy and economic security for the community. We also examine enabling factors behind the project’s success and identify the following factors as crucial: community-level input and support, state level financial support, access to forest biomass with no competing use, predictable demand and committed leadership. Our findings have important implications for other remote communities across the Boreal zone—especially those with nearby forest resources. Our examination of this case study ultimately highlights potential pathways for long-term success and, more specifically, shows how biomass resources might be best utilized through community-led initiatives to sustainably support energy security in Arctic communities.