News

The North Dakota Industrial Commission awarded funding today from the Clean Sustainable Energy Fund in the amount of $1 million in grants and $115 million in loans for three projects.

The North Dakota Industrial Commission (NDIC) awarded $850,000 of grant funding to Semplastics for a new lignite research project on May 23, 2022. The total cost of the project is $4.2 million with the majority of the match funding coming from the U.S. Department of Energy. Other entities involved in the project are North American Coal Corp. and the Energy & Environmental Research Center.

The state-owned Bank of North Dakota (BND) reported a profit of $144.2 million in 2021, a slight increase from $141.2 million in 2020 with a return on investment of 15%, according to information presented to the Industrial Commission (Commission) in BND’s annual report today.

The North Dakota Industrial Commission has approved North Dakota Housing Finance Agency’s (NDHFA) planned distribution of $200,000 through its Helping Housing Across North Dakota (Helping HAND) program.

North Dakota Pipeline Authority (NDPA) Director Justin Kringstad recently presented an updated view on well performance and drilling economics in the Bakken and Three Forks formations to the Industrial Commission.

The North Dakota Industrial Commission has approved North Dakota Housing Finance Agency’s (NDHFA) planned distribution of $200,000 through its Helping Housing Across North Dakota (Helping HAND) program.

The North Dakota Industrial Commission is currently accepting applications through March 1, 2022, for the North Dakota Outdoor Heritage Fund Program.

The North Dakota Industrial Commission (Commission) today approved $1 million in grant funding for a small-scale lignite research and development (R&D) project and continuation of an ongoing carbon capture, utilization and storage (CCUS) project. The two projects had been evaluated and recommended by the Lignite Research Council earlier in the week.

The Industrial Commission today approved the Class VI storage facility applications for North Dakota-based Minnkota Power Cooperative’s Project Tundra. The project is a $1 billion investment in carbon capture from the Milton R. Young Station in Oliver County, North Dakota.

BISMARCK, N.D. – The North Dakota Industrial Commission awarded funding today from the Clean Sustainable Energy Fund in the amount of $28 million in grants and $135 million in loans for six projects.