US Department of Energy

Niron Magnetics, Inc. is a Minneapolis-based company founded in 2013, specializing in the development and manufacturing of permanent magnets made from advanced iron nitride materials. These innovative magnets are designed for various industrial applications, including motors and generators, where they offer enhanced performance and efficiency. Niron's iron nitride magnets feature high magnetization and greater magnetic flux density compared to traditional ferrite and NdFeB-based magnets, enabling manufacturers in sectors such as automotive and computing to reduce size and weight without sacrificing power or torque. Additionally, Niron Magnetics collaborates with government entities and investors to promote national security initiatives through their cutting-edge technology.

ALLETE, Inc. is an energy company based in Duluth, Minnesota, incorporated in 1906. It operates through two primary segments: Regulated Operations and ALLETE Clean Energy. The Regulated Operations segment includes Minnesota Power and Superior Water, Light and Power Company, which provide electric, natural gas, and water services to a significant number of customers in northeastern Minnesota and northwestern Wisconsin. Additionally, this segment encompasses an investment in American Transmission Company, a utility that maintains electric transmission infrastructure across parts of Wisconsin, Michigan, Minnesota, and Illinois. ALLETE Clean Energy focuses on the development, acquisition, and operation of clean and renewable energy projects, operating around 660 megawatts of wind energy generation. The company is also involved in coal mining operations in North Dakota and real estate investments in Florida, while owning and operating multiple substations with substantial capacity.

Xcel Energy is a leading electric and natural gas utility company serving approximately 6 million customers across eight states. It generates power through diverse sources including coal, nuclear, natural gas, hydro, solar, wind, and biomass. The company is committed to reducing carbon emissions and aims to supply more than half of its electricity from renewable sources by 2030.

ALLETE, Inc. is an energy company based in Duluth, Minnesota, incorporated in 1906. It operates through two primary segments: Regulated Operations and ALLETE Clean Energy. The Regulated Operations segment includes Minnesota Power and Superior Water, Light and Power Company, which provide electric, natural gas, and water services to a significant number of customers in northeastern Minnesota and northwestern Wisconsin. Additionally, this segment encompasses an investment in American Transmission Company, a utility that maintains electric transmission infrastructure across parts of Wisconsin, Michigan, Minnesota, and Illinois. ALLETE Clean Energy focuses on the development, acquisition, and operation of clean and renewable energy projects, operating around 660 megawatts of wind energy generation. The company is also involved in coal mining operations in North Dakota and real estate investments in Florida, while owning and operating multiple substations with substantial capacity.

Minnesota Power is an energy distribution company.

Xcel Energy is a leading electric and natural gas utility company serving approximately 6 million customers across eight states. It generates power through diverse sources including coal, nuclear, natural gas, hydro, solar, wind, and biomass. The company is committed to reducing carbon emissions and aims to supply more than half of its electricity from renewable sources by 2030.

Niron Magnetics, Inc. is a Minneapolis-based company founded in 2013, specializing in the development and manufacturing of permanent magnets made from advanced iron nitride materials. These innovative magnets are designed for various industrial applications, including motors and generators, where they offer enhanced performance and efficiency. Niron's iron nitride magnets feature high magnetization and greater magnetic flux density compared to traditional ferrite and NdFeB-based magnets, enabling manufacturers in sectors such as automotive and computing to reduce size and weight without sacrificing power or torque. Additionally, Niron Magnetics collaborates with government entities and investors to promote national security initiatives through their cutting-edge technology.