Sale of Coal Creek Station Announced
UNDERWOOD, N.D. (Valley News Live) - Rainbow Energy Center, LLC has reached an agreement to purchase Coal Creek Station from Great River Energy. The 1,151-megawatt (MW) power plant will continue to operate with its current plant employees. The sale is expected to closer later in the year when all required approvals are obtained. Rainbow Energy Center plans to focus on baseload energy from Coal Creek Station with carbon capture. In addition, they’ll introduce renewables with the goal of ensuring that the electric grid remains reliable and with sufficient energy resources.
“Carbon capture and storage is vital to continued operation of Coal Creek Station and will be an important step toward Gov. Doug Burgum’s goal for the state to reach carbon neutrality by 2030.”
“This is a great day for North Dakota, a big win for U.S. energy security and reliability, and a huge sigh of relief for the residents of McLean County, Underwood and surrounding communities in coal country who depend on the jobs and economic activity generated by Coal Creek and the nearby Falkirk Mine.”
“Today’s announcement is excellent news for the employees of Coal Creek Station and Falkirk Mine, and it’s a prime example what can be done with North Dakota entrepreneurs and innovation. Coal Creek is the perfect acquisition for a creative company like Rainbow which knows how to market energy, understands the American energy marketplace, and appreciates the value of the reliable, low-cost energy we have here in our state. Congratulations to their leaders and to those at GRE, and to our local leaders like Governor Burgum and Lieutenant Governor Sanford, who was instrumental during these negotiations. I stand ready to support this purchase however possible.”
“Coal Creek Station is one of the most efficient and critical baseload power plants in our region, and the employees at both the plant and the Falkirk Mine do a tremendous job providing affordable, reliable energy. Now, under Rainbow Energy, they will also be on the forefront in advancing CCUS efforts for our state and nation.”
“Rainbow Energy Center’s announcement is welcome news and great relief not only for the hundreds of workers employed at Coal Creek Station, but for everyone who calls coal country home. Their commitment to using carbon capture and storage is in line with our state’s leadership on this technology, which is critical to the future success of reliable baseload power. North Dakota is known as a powerhouse of the nation, and I am proud to be a voice for our energy workers fueling the world.”
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