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Allete
AddedFeb 19, 2024
UpdatedJun 18, 2026
Allete

Allete

Public

ALLETE provides affordable energy services in the Upper Midwest, with investments in mining and real estate.

HQ
Duluth, MN, US
Founded
1906
Overview
Compare
Employees
Website

Founded with a mission to deliver affordable and reliable energy services, ALLETE is a prominent energy provider in the Upper Midwest. The company focuses on sustainable and clean energy solutions, positioning itself as a leader in the transition to a clean-energy future. ALLETE’s portfolio includes regulated utilities, clean-energy producers, and developers, as well as investments in energy-centric businesses and transmission infrastructure. Additionally, ALLETE owns a lignite mine in North Dakota and has interests in real estate.

Notable figures associated with ALLETE include its executive leadership team and board of directors, who guide the company’s strategic direction. The company is publicly traded on the New York Stock Exchange under the ticker symbol ALE. Key achievements include significant investments in renewable energy projects and infrastructure, contributing to the delivery of a high percentage of renewable energy. ALLETE’s impact is evident in its commitment to sustainability and its role in advancing clean energy initiatives across the nation.

Allete - Quick Facts

When was Allete founded?

Allete was founded in 1906.

Where is Allete's headquarters located?

Allete's headquarters is located in Duluth, MN, US.

How many employees does Allete have?

Allete has 1,494 employees as of Feb 6, 2024.

Allete - Classification

Ownership
  • Public
Technology
  • Cleantech
Geographic Exposure
  • United States
Model
  • Platform
Revenue
  • Recurring
Customer
  • Consumers
  • Enterprise
Main Product
  • Energy Services
Tags
  • Cleantech
NAICS
  • 220000Utilities
  • 221000Utilities
  • 221100Electric Power Generation, Transmission and Distribution
  • 221110Electric Power Generation
  • 221111Hydroelectric Power Generation
SIC
  • 4900Electric, Gas, And Sanitary Services
  • 4930Combination Electric And Gas, And Other Utility Services
  • 4931Electric And Other Services Combined
ISIC
  • 3510Electric power generation, transmission and distribution
Show 20 more industry codes
NAICS
  • 221112Fossil Fuel Electric Power Generation
  • 221113Nuclear Electric Power Generation
  • 221114Solar Electric Power Generation
  • 221115Wind Electric Power Generation
  • 221116Geothermal Electric Power Generation
  • 221117Biomass Electric Power Generation
  • 221118Other Electric Power Generation
  • 221120Electric Power Transmission, Control, and Distribution
  • 221121Electric Bulk Power Transmission and Control
  • 221122Electric Power Distribution
  • 221200Natural Gas Distribution
  • 221210Natural Gas Distribution
SIC
  • 1300Oil And Gas Extraction
  • 1310Crude Petroleum And Natural Gas
  • 1311Crude Petroleum And Natural Gas
  • 1380Oil And Gas Field Services
  • 1382Oil And Gas Field Exploration Services
  • 4910Electric Services
  • 4911Electric Services
  • 5000Wholesale Trade-durable Goods