Summit Carbon Solutions has achieved a critical breakthrough with the North Dakota Public Service Commission granting a Route Permit for its ambitious CO2 pipeline project. This decision signifies the culmination of an exhaustive review process aimed at balancing economic growth with the interests of local communities, stakeholders, and landowners. The permit sets the stage for […]
Clean energy company Allete and Grid United, a transmission company, have joined forces to develop the North Plains Connector project, a core transmission link in the US to increase the reliability of the nation’s electric grid, with approximately $2.5 billion investment. The transmission line will connect three regional US electric energy markets, namely the Midcontinent […]
E-commerce giant Amazon has opened a new one million-plus square foot fulfillment center in Fargo, the company’s first in North Dakota. According to Amazon, the new facility in Fargo is a non-sortable fulfillment center. Associates at the center will be engaged in picking, packing, and shipping bulky or larger-sized customer items like outdoor equipment, patio […]
Danaher Corporation has agreed to acquire Aldevron, a North Dakota-based manufacturer of plasmid DNA, mRNA, and recombinant proteins, for nearly $9.6 billion from EQT Group’s EQT VIII fund (EQT Private Equity) and others. EQT Private Equity had acquired a majority stake in Aldevron in 2019, investing alongside TA Associates, the latter’s founders, and management. The […]
Enerplus, a Canadian oil and gas company, has signed an all-cash deal worth $465 million to acquire Bruin E&P HoldCo, a pure play producer in the Williston Basin in North Dakota, US. The operational areas of Bruin E&P include the Fort Berthold Indian Reservation, and the Bakken Shale and Three Forks formations. The Texas-based oil […]
American Hotel Income Properties REIT (AHIP) has agreed to acquire a portfolio of a dozen Premium Branded hotels for $191 million in a move to boost its geographic footprint in Texas and the Midwest. The 12 hotels have a total of 1,203 guestrooms and are located across the states of Minneapolis, Texas, Michigan, Pennsylvania, and […]
Clothing retail company Gap has signed an agreement to buy power from the Enel Green Power’s 299MW Aurora wind project in North Dakota, US, as per wind industry news. Under a 12-year power purchase agreement (PPA), Gap will buy a 90MW portion of the power generated by the Aurora wind farm, which is currently under […]
LM4 gas processing plant : Hess Midstream Partners has formed a 50-50 joint venture with Targa Resources to build a $150 million gas processing plant in North Dakota named as Little Missouri Four (LM4). The new US gas processing plant will have a capacity of 200 million standard cubic feet per day and will be […]