Insights

Sustainability Lead ALLETE delivers more than 50% renewable energy and operates across a portfolio of clean-energy developers, transmission infrastructure, and regulated utilities. This positions the company as an attractive partner for sustainability-focused projects, energy efficiency programs, and grid modernization opportunities.

Growth Through Acquisition Recent acquisition by CPP Investments and Global Infrastructure Partners signals a strategic expansion and long-term capital commitment. This creates openings for collaborative ventures, co-investment opportunities, and advisory services related to integration, regulatory navigation, and accelerated project pipelines.

Diversified Asset Base A multi‑brand footprint including Minnesota Power, ALLETE Clean Energy, BNI Energy, Superior Water, Light and Power, and distributed solar through New Energy Equity offers cross-sell potential across generation, transmission, storage, and rural/municipal utility segments.

Grid & Tech Enablement The tech stack and focus on transmission infrastructure imply demand for digital asset management, SCADA/security hardening, data analytics for reliability, and modernization services to support renewable integration and resilience.

Financial & Market Position Stable revenue range and institutional investor interest, alongside a pending closing of the strategic acquisition, suggest timing-friendly windows for financial services, project financing, green bonds, and advisory services tied to regulatory approvals and rate design.

Similar companies to ALLETE

ALLETE Tech Stack

ALLETE uses 8 technology products and services including Power BI, Tableau, Ansible, and more. Explore ALLETE's tech stack below.

Media & News

ALLETE's Email Address Formats

ALLETE uses at least 7 email formats:
ALLETE Email FormatsExamplePercentage
FLast@allete.comJDoe@allete.com
81%
First.Last@allete.comJohn.Doe@allete.com
11%
LFirst@allete.comDJohn@allete.com
5%
Last@allete.comDoe@allete.com
3%
FLast@alletecleanenergy.comJDoe@alletecleanenergy.com
94%
LFirst@alletecleanenergy.comDJohn@alletecleanenergy.com
4%
Last@alletecleanenergy.comDoe@alletecleanenergy.com
2%

Frequently Asked Questions

What is ALLETE's phone number?

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You can contact ALLETE's main corporate office by phone at . For more prospecting data, LeadIQ has access to up-to-date and accurate contact information within our platform. Find, capture, and sync contact data to your CRM and sales tools in one click.

What is ALLETE's stock symbol?

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ALLETE is a publicly traded company; the company's stock symbol is ALE.

What is ALLETE's official website and social media links?

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ALLETE's official website is allete.com and has social profiles on LinkedIn and Crunchbase.

How much revenue does ALLETE generate?

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As of August 2026, ALLETE's annual revenue is estimated to be $500M - $1B.

What is ALLETE's NAICS code?

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ALLETE's NAICS code is 22 - Utilities.

How many employees does ALLETE have currently?

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As of August 2026, ALLETE has approximately 377 employees across 4 continents, including North America, Asia and Africa. Key team members include Chief Financial Officer: J. P., Vice President And Chief Operating Officer Minnesota Power: J. S. and Vice President Legal Counsel And Corporate Ethics Officer: A. B. Explore ALLETE's employee directory with LeadIQ.

What industry does ALLETE belong to?

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ALLETE operates in the Utilities industry.

What technology does ALLETE use?

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ALLETE's tech stack includes Power BI, Tableau, Ansible, Docker, Drupal, Google Cloud, New Relic and Webex.

What is ALLETE's email format?

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ALLETE's email format typically follows the pattern of FLast@allete.com. Find more ALLETE email formats with LeadIQ.

How much funding has ALLETE raised to date?

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As of August 2026, ALLETE has raised $750M in funding. The last funding round occurred on Aug 06, 2024 for $700M.

When was ALLETE founded?

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ALLETE was founded in 1906.
ALLETE logo

ALLETE

UtilitiesMinnesota, United States201-500 Employees

ALLETE is a Duluth, Minnesota-based energy company operating across the nation. It blends regulated electric utilities with investments in energy-focused projects and transmission infrastructure. Its Minnesota Power electric utility serves about 150,000 customers across 14 municipalities and some of the country's largest industrial users, and more than half of ALLETE's generation comes from renewable sources. 

The company maintains a portfolio of renewable-oriented subsidiaries, including ALLETE Clean Energy, ALLETE Renewable Resources, and New Energy Equity. In December 2025, ALLETE announced the completion of its acquisition by CPP Investments and Global Infrastructure Partners.

Section iconCompany Overview

Phone number
Website
allete.com
Stock Symbol
ALE
NAICS Code
22 - Utilities
Founded
1906
Employees
201-500

Section iconFunding & Financials

  • $750M

    ALLETE has raised a total of $750M of funding over 3 rounds. Their latest funding round was raised on Aug 06, 2024 in the amount of $700M as a Grant.

  • $500M - $1B

    ALLETE's revenue is estimated to be in the range of $500M - $1B

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