The state Industrial Commission approved funding for five projects through the Clean Sustainable Energy Authority on Friday, doling out $222.5 million in loans and $8.5 million in grants.
More than half the money is going to Minnkota Power Cooperative’s Project Tundra through a loan of $150 million to help finance the country’s largest carbon dioxide storage project. The state previously provided the project a loan of $100 million.
Project Tundra would store up to 4 million metric tons of climate-warming CO2 emissions per year permanently underground in the Broom Creek Formation from the Milton R. Young coal-fired power plant in Oliver County, south of Center.
Read more at Bismarck Tribune.