Minnesota Power

About Minnesota Power

Minnesota Power, an ALLETE Company, is an electric utility provider focused on delivering reliable energy services to residential, commercial, and multifamily customers in Minnesota. Their mission includes a commitment to renewable energy, environmental stewardship, and community support, while maintaining operational excellence and customer service.

Products & Services

Residential Energy Services:Electricity supply for homes with options for rebates, energy support, and new construction services.

Commercial Energy Services:Electricity solutions for businesses, including programs, rebates, and success stories.

Multifamily Energy Services:Resources and information tailored for multifamily facilities and tenants.

Electric Vehicle Programs:Support for commercial and residential EV adoption, including rebates and charger programs.

Renewable Energy Options:Programs like SolarSense, Community Solar Gardens, and renewable interconnections for sustainable energy.

Discounted Interruptible Rates:Cost-saving options like Dual Fuel and Fixed Off-Peak rates for eligible customers.

Specialties

Renewable Energy (Solar, Hydro, Wind, Biomass) Energy Efficiency Programs Transmission Infrastructure Environmental Stewardship Electric Vehicle Support

Funding History

Debug: View Raw Funding Data

#	Type	Amount Fields	Date Fields	Investors
1	RT: Grant T: - FT: Grant	A: 50000000 MR: - FA: $50 million FAN: 50000000	D: 2023-10-18 FD: 2023-10-18	1 investors

Grant Latest

2023-10-18

$50.0M

1 investor (Pro only)

Growth Metrics

+45%

Employee Growth

YoY

3.2x

Funding Growth

Last Round

12

Markets

Operating

10K+

Customers

Active

View 3 more growth metrics with Pro

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Mock Up

Team & Leadership

No team data available

Team information is not yet available for this company

Recent News

Minnesota Power Announces New Product Launch

2 days ago

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

Leadership Team Expands with Industry Veteran

1 week ago

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

Company Recognized as Industry Leader

2 weeks ago

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

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