About Minnesota Power
Minnesota Power is an Energy & Utilities company based in Duluth (United States) founded in 1906. Provider of energy solutions and services for residential and commercial customers. Minnesota Power has completed 1 acquisition, including ADESA. Its website mnpower.com draws about 101 thousand monthly visits. Minnesota Power offers products and services including Electricity Services and Renewable Energy Programs. Its focus areas include Energy, Utilities, Utility Supplier and Diversified. Its legal entity is ALLETE, Inc.
Company details
Minnesota Power, a subsidiary of ALLETE, was founded in 1906 and is headquartered in Duluth, United States. Electric power is delivered to residential and commercial customers throughout Minnesota. Operations encompass energy conservation programs, including rebates for efficiency improvements, and a mobile application is provided for real-time outage notifications. Services focus on reliable electricity distribution within the utilities sector.
- Headquarters Duluth, United States
- SectorsEnergy & Utilities
- Website category Finance · Banking Credit and Lending
- Phone•••• ••••
- Website mnpower.com
- Social LinkedIn X Facebook
- Legal Name Allete, Inc
Products & Services of Minnesota Power
Minnesota Power offers a comprehensive portfolio of products and services, including Electricity Services and Renewable Energy Programs.
Electric power is supplied to residential and commercial customers, including outage management and service initiation
Programs for solar projects and transmission infrastructure are offered, focusing on sustainability and energy efficiency
Funding Insights of Minnesota Power
- Total Rounds 3
- Last Round Grant — $50M
- First Round $3.09M
(Apr 2010)
- Investors Count 2
All 3 funding rounds of Minnesota Power with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
2 investors in total: 2 institutional.
Investors in Minnesota Power
Minnesota Power has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include DOE and OSTI.GOV.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Energy sources and policies are managed by the DOE. | 1977 | energy.gov | ||
Scientific and technical information is managed and disseminated by OSTI.GOV. | osti.gov | Oak Ridge, United States |
Investor details for Minnesota Power
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Minnesota Power
56 people are tracked at Minnesota Power (9 in leadership, 47 in team).
| Name | Role | Group |
|---|---|---|
Todd Simmons | Vice President - Minnesota Power Generation Operations | Leadership |
Bethany M Owen | President and CEO of ALLETE | Leadership |
Frank Frederickson | Vice President - Customer Experience & Engineering Services | Leadership |
Tina Koecher | Director - Customer Experience Operations | Leadership |
Julie Pierce | Vice President Strategy And Planning | Leadership |
Kathy Benham | General Manager - Generation Operations | Leadership |
Daniel Gunderson | Vice President Transmission And Distribution | Leadership |
Luann Lavalley | Director - Customer Service | Leadership |
Daniel Aagenes | Director - Enterprise Projects | Leadership |
Brian Clement | Engineer III | Team |
Andrew Scheidel | Fleet Administrator | Team |
Eric Halverson | Lead - Operations Budget And Analytics | Team |
Jason Christoff | Senior Electrical Engineer | Team |
Dylan Switzer | Real Time Trader II | Team |
Christopher Aepelbacher | Project Development Leader | Team |
Roger Garton | Project Development Leader | Team |
Tim Gallagher | Program Manager | Team |
Analeisha Vang | Senior Regulatory Compliance Specialist | Team |
Logan Foerst | Utility Planner | Team |
Ryan Harrison | Energy Supply And Asset Optimization Manager | Team |
36 more people are available in the full profile.
Complete people profiles for Minnesota Power
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
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Investments & Acquisitions by Minnesota Power
Minnesota Power has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include ADESA.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Vehicle auctions and remarketing services are provided for automotive clients. | adesa.com | Indianapolis, United States | 1991 | Jan 1995 | •••• |
Complete acquisition details for Minnesota Power
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Minnesota Power
4 dated milestones of Minnesota Power across 117 years, from founding to its latest funding, stage changes and deals.
- Founded Minnesota Power is founded.
- Acquisition Acquires ADESA.
- Funding First funding round of $3.1M.
- Funding Latest funding round, Grant, of $50.0M.
Web traffic of Minnesota Power
The website of Minnesota Power (mnpower.com) receives about 100.6K visits a month and ranks #327,149 among all websites worldwide, #4,787 in Banking Credit and Lending.
- Monthly visits100.6K
▲ 9.5% vs previous month
- Unique visitors34.6K
per month
- Global rank#327,149
among all websites
- Category rank#4,787
Finance · Banking Credit and Lending
- Bounce rate29%
- Pages per visit3.8
- Average visit2 min 15 sec
- DevicesDesktop 37% · Mobile 63%
Websites whose visitors overlap most with Minnesota Power. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| xcelenergy.com | 100% | 2.7M | #10,869 | View details | |
secure.directbiller.com | secure.directbiller.com | 98% | – | ||
| dpandl.com | 97% | View details | |||
paynow7.speedpay.com | paynow7.speedpay.com | 95% | – | ||
| carrollecc.com | 94% | 70.8K | #372,550 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 14 similar websites and full traffic analytics for Minnesota Power
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- 14 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
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Frequently Asked Questions about Minnesota Power
Minnesota Power was founded in 1906 and raised its 1st funding round 104 years after it was founded.
Minnesota Power is headquartered in Duluth, United States.
Minnesota Power, a subsidiary of ALLETE, was founded in 1906 and is headquartered in Duluth, United States. Electric power is delivered to residential and commercial customers throughout Minnesota. Operations encompass energy conservation programs, including rebates for efficiency improvements, and a mobile application is provided for real-time outage notifications. Services focus on reliable electricity distribution within the utilities sector.
Minnesota Power offers Electricity Services and Renewable Energy Programs.
Minnesota Power has made 1 acquisition, including ADESA.
Minnesota Power operates through Allete, Inc.
The website of Minnesota Power receives about 101 thousand visits a month and ranks #327,149 among all websites worldwide.