Bakken Energy

What Bakken Energy does

Bakken Energy is an independent power generation developer headquartered in Mandan, North Dakota. The company develops natural gas power generation projects combined with Carbon Capture and Sequestration (CCS), positioning the output as a low-carbon baseload electricity source intended to be cheaper and quicker to deploy than nuclear capacity. Its stated mission is to become one of the most significant independent power developers in North Dakota, with flexibility to serve traditional utility needs, data-center opportunities, and field operations.

Name

Bakken Energy

Legal name

Bakken Energy

Website

https://bakkenenergy.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Short description

Bakken Energy is an independent power generation developer based in Mandan, North Dakota, developing natural gas plus Carbon Capture and Sequestration (CCS) baseload power projects to serve utilities, data centers, and field operations across the Upper Midwest.

Ownership category

akta.pro rank

Product category

Independent Power Generation

NAICS

Fossil Fuel Electric Power Generation (221112)

SIC

Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Gas-Fired Steam Turbine (Boiler-Fired) Generation (EUACABAF)

akta.pro secondary industry

Captive & Embedded Gas-Fired Power Generation (Industrial/Commercial CHP) (EUALALAB)

Keywords

• Natural gas power
• Carbon capture
• Power generation
• Base-load electricity
• Independent power

Headquarters

HQ city

Bismarck

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Technology or R&D, Personnel, Marketing or Sales

Revenue model

1. Power Generation Development and Sales: Developing power generation projects that produce and sell electricity to utilities, data centers, and industrial operations. Revenue is generated through long-term power purchase agreements and direct electricity sales contracts.

Go-to-market motion1 record

Distribution channels1 record

Core offering

Bakken Energy develops power generation projects that utilize natural gas resources from the Bakken formation combined with Carbon Capture and Sequestration (CCS) technology to produce low-carbon base-load electricity. The company targets the Upper Midwest region, particularly North Dakota, and sells electricity to traditional utilities, data center operators, and industrial field operations through long-term power purchase agreements.

Product overview

Bakken Energy is an independent power generation developer focused on natural gas power projects combined with Carbon Capture and Sequestration (CCS). The company offers a single core product line: Natural Gas Power Generation, which provides low carbon base-load electricity to serve traditional utility needs, data-center operations, and field operations in the Upper Midwest, particularly North Dakota. The natural gas power generation serves as an anchor power source for data-center operations and works in conjunction with renewable energy sources as a partner fuel in the lower carbon future.

Differentiator

Problem solved

Functional benefit

Products and services

• Natural Gas Power Generation with CCS

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators1 record

Recent moves4 records

Expansion highlights4 records

Direct peers

• Talen Energy: Independent power producer with a focused strategy of selling baseload nuclear and fossil power directly to data center operators. Highly comparable to Bakken Energy because both target hyperscaler/data center offtake for firm power generation in the US, and Talen pioneered the data-center-as-anchor-tenant model that Bakken is emulating with gas + CCS.
• Calpine Corporation: Largest US independent power producer and the dominant natural gas-fired generation fleet operator. Directly comparable as a gas-focused IPP competing for the same utility and merchant PPA market Bakken targets, and is the benchmark scale competitor any gas + CCS developer must beat on cost and reliability.
• Vistra Corp: Major US IPP with one of the largest natural gas generation fleets and a growing focus on serving large data center customers. Comparable as a competing gas-fired power developer pursuing hyperscaler PPAs in overlapping US regions.
• Competitive Power Ventures (CPV): Independent power developer specializing in natural gas-fired and renewable generation projects across the US. Closely comparable to Bakken Energy in business model — both are pure-play power project developers building gas and lower-carbon capacity under long-term PPAs — but at significantly greater scale and capital base.
• LS Power: Private independent power developer and operator with a diversified portfolio including natural gas, renewables, and transmission. Highly comparable as a privately-held, multi-technology IPP that develops, owns, and sells power under PPAs to utilities and large energy users, and competes for the same RFP pipeline Bakken targets.

Broad incumbents

• NextEra Energy Resources: The world's largest generator of wind and solar energy and a major operator of natural gas and battery storage assets. Comparable as the dominant incumbent in US merchant and contracted power development, with a renewable-plus-firming portfolio that overlaps Bakken's gas-as-renewable-partner thesis.

Regional players

• MDU Resources Group: Utility holding company headquartered in the Upper Midwest with regulated electric and natural gas operations in North Dakota, South Dakota, and Montana. Comparable as a potential offtake utility customer in Bakken Energy's core North Dakota market and a regional incumbent in the same geography.
• Otter Tail Power Company: Investor-owned electric utility serving Minnesota, North Dakota, and South Dakota. Directly comparable as one of the specific regional utility buyers Bakken Energy is targeting for base-load PPAs in the Upper Midwest, with overlapping service territory and demand growth exposure.
• Basin Electric Power Cooperative: Generation and transmission cooperative serving rural electric cooperatives across the Upper Midwest and Western US, including significant operations in North Dakota. Highly relevant as a likely offtake buyer for new firm generation capacity in Bakken's target geography, with overlapping member-cooperative demand from data center buildouts.

Others

• Energy Capital Partners portfolio companies (e.g., Pivot Power, Caliche): Private investment firm with a portfolio of natural gas and infrastructure development companies comparable to Bakken. Relevant as a representative of the type of capital partner / strategic acquirer that could finance or absorb a small IPP developer at scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/bakken-energy

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bakken Energy