That's a threaded insert. Do you need it for the new alternator? Might be easier just to get another bolt.
You could try locking 2 nuts together on the insert, hold the bolt in a vise, heat the insert up with a plumber's torch, then use a wrench on the locked-together nuts and turn it off. Unless it's rusted really bad that should get it off.
You could try locking 2 nuts together on the insert, hold the bolt in a vise, heat the insert up with a plumber's torch, then use a wrench on the locked-together nuts and turn it off. Unless it's rusted really bad that should get it off.