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ALLETE, Inc.

Energy Duluth, Minnesota ~380 employees
Founded
--
Employees (Est.)
~380
19 leaders known
Total Funding
$700.0M
Funding Rounds
1
Last Funding
2024-08-06

About ALLETE, Inc.

ALLETE, Inc. is a publicly held energy company focused on leading the way to a sustainable clean-energy future. It operates as a provider of resilient, reliable, and competitively-priced energy with operations across the nation, including clean-energy producers, developers, and regulated utilities that deliver 50% renewable energy.

Products & Services

Clean-Energy Production and Development:ALLETE invests in clean-energy producers and developers as part of its commitment to sustainable energy solutions.
Regulated Utilities:ALLETE operates regulated utilities that deliver 50% renewable energy, focusing on sustainability and reliability.
Transmission Infrastructure:ALLETE invests in energy-centric businesses and transmission infrastructure to support energy delivery.

Specialties

Clean Energy Renewable Energy Transmission Infrastructure Sustainability

Funding History

Debug: View Raw Funding Data
# Type Amount Fields Date Fields Investors
1 RT: Grant
T: -
FT: Grant 		A: 700000000
MR: -
FA: $700 million
FAN: 700000000 		D: 2024-08-06
FD: 2024-08-06 		1 investors
Grant Latest
2024-08-06
$700.0M
1 investor (Pro only)

Growth Metrics

+45%
Employee Growth
YoY
3.2x
Funding Growth
Last Round
12
Markets
Operating
10K+
Customers
Active

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Team & Leadership

B

Bethany M. Owen

Chair, President & CEO

S

Susan K. Nestegard

Lead Director

G

George G. Goldfarb

Director

J

James J. Hoolihan

Director

M

Madeleine W. Ludlow

Director

C

Charles R. Matthews

Director

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Recent News

ALLETE, Inc. Announces New Product Launch

2 days ago

Company unveils innovative solution to transform the industry, expanding market reach and capabilities...

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Leadership Team Expands with Industry Veteran

1 week ago

New executive brings 20+ years of experience to accelerate growth and strategic initiatives...

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Company Recognized as Industry Leader

2 weeks ago

Receives prestigious award for innovation and customer satisfaction in competitive market...

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Key Competitors

C1

Competitor Alpha

Series B · $50M raised

C2

Competitor Beta

Series C · $120M raised

C3

Competitor Gamma

Series A · $25M raised

C4

Competitor Delta

Seed · $10M raised

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Company Details

Website
allete.com
Industries
Energy
Company Size
~380 employees (est.)
Locations
Duluth, Minnesota
Duluth, Minnesota, United States

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Technology Stack

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