North Dakota Approves $40M for Sustainable Energy Projects

Funding will support new facilities for eco-friendly products and rare earth minerals.

Published on Feb. 26, 2026

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The North Dakota Industrial Commission has approved $40 million in funding for several sustainable energy projects across the state. This includes $30 million for AmeriCarbon Forge LLC to build a facility producing Eco-Pitch, a coal-tar alternative, as well as over $1 million for Ore Spring Materials' rare earth mineral project near Underwood and $12 million for Packet Digital's lithium-ion battery manufacturing facility in Fargo.

Why it matters

The funding demonstrates North Dakota's commitment to diversifying its energy industry and supporting the development of more environmentally-friendly products and technologies. As the state looks to the future, these investments aim to ensure the resilience and sustainability of its energy sector.

The details

The North Dakota Industrial Commission approved the $40 million in funding to support three key sustainable energy projects across the state. AmeriCarbon Forge LLC will receive $30 million to build a new facility to produce Eco-Pitch, an alternative to traditional coal-tar products. Ore Spring Materials will get over $1 million for a rare earth mineral project near Underwood. Additionally, $12 million will go to Packet Digital to support its lithium-ion battery manufacturing facility in Fargo.

  • The North Dakota Industrial Commission approved the funding on February 26, 2026.

The players

North Dakota Industrial Commission

The state agency that oversees and regulates North Dakota's energy industry.

AmeriCarbon Forge LLC

A company that will use $30 million in funding to build a facility producing Eco-Pitch, an alternative to coal-tar products.

Ore Spring Materials

A company that will receive over $1 million in funding for a rare earth mineral project near Underwood, North Dakota.

Packet Digital

A company that will receive $12 million in funding to support its lithium-ion battery manufacturing facility in Fargo, North Dakota.

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The takeaway

This funding demonstrates North Dakota's proactive approach to diversifying its energy industry and supporting the development of more environmentally-friendly products and technologies. As the state looks to the future, these investments aim to ensure the long-term resilience and sustainability of its energy sector.