Monday, August 1, 2016 12:00 AM
Sam E. McQuade, BNI’s new CFO, joined BNI at the end of July and will succeed Pat Clement who is retiring after 40 years with the company. McQuade brings an extensive and diverse business background to BNI in finance, accounting, mergers and acquisitions, and strategic leadership. He earned his accounting degree in the United States and his MBA in Switzerland, where he began his professional career. McQuade returned to the U.S in 2004, living in the greater New York City area and traveling the world on business. He returned home to North Dakota in 2013 and became CFO of AE2S in Grand Forks.
“I’m pleased to have attracted such high quality talent to our team,” said Wade Boeshans, BNI president and general manager. “It reflects the culture, reputation, and track record of our company and its employees. Sam’s background and experience will complement our team well as we execute our go-forward strategy.”
Friday, July 1, 2016 12:00 AM
Paul Quist has joined BNI Energy as Manager of Business Development. The Manager of Business Development position was created to better position the company to execute its go-forward strategy. Paul will be leading BNI’s growth initiatives and supporting our energy solutions initiatives including the Allam Cycle initiative. Paul was previously employed with ESCO Supply managing their operations in North Dakota and Minnesota. Prior to joining ESCO, Paul worked with Basin Electric in their business development and CO2 marketing functions. He played a key role in Basin’s acquisition of Montana Lime Stone and Dakota Gasification Company by-product market development. Paul is also an adjunct professor at the University of Mary teaching economics.
Paul and his family live in Bismarck. Paul was elected to the Lignite Energy Council Board of Directors in 2015 and subsequently in 2016. Consequently, Paul is very familiar with the Lignite Industry, has great contacts within the Energy Industry, and work experiences that complement our team nicely. The culture, values and strategic vision of BNI/ALLETE attracted Paul to BNI. I think Paul is a great fit with our team and culture and am excited to have him on our team working closely with us to execute our go-forward strategy.
Monday, February 1, 2016 12:00 AM
BNI Coal has a new parent company, BNI Energy, which will pursue opportunities in the energy sector, including carbon solutions in North Dakota. A new logo for BNI Energy and an updated logo for BNI Coal reflect the corporate structure change.
The new company will leverage the competencies and capabilities of BNI Coal and its deep roots in North Dakota’s lignite coal industry. A native North Dakota mining company, BNI Coal started mining in northwestern North Dakota in 1930 and has been mining lignite for the Milton R. Young Station since 1970 at its Center Mine location. Today, BNI mines about 4.5 million tons of lignite coal annually, supplying both units of the Milton R. Young Station.
Wade Boeshans, president and general manager of BNI Energy, met with employees Thursday to outline the vision and strategy of the new company.
“The creation of BNI Energy reflects the long-term direction of our company and future growth opportunities for our company and our team,” Boeshans said. “I am excited about the next chapter in BNI history as we secure our future while remaining committed to the lignite coal industry. I am excited about our strategy to pursue new opportunities and creative solutions. While we believe there is a promising future for BNI Coal in North Dakota, we also recognize the need for new and transformational solutions to realize it.”
“Increasing regulation has placed a priority and urgency on finding energy solutions that balance environmental concerns and the energy needs of consumers. BNI has been an energy leader for decades, and I’m excited about our natural progression into exploring other areas of the energy industry while advancing sustainable solutions for North Dakota,” said Robert J. Adams, ALLETE senior vice president – energy-centric businesses. “I’m also pleased to announce that Wade Boeshans, who has so effectively led BNI Coal, will take on additional responsibilities as president and general manager of BNI Energy.”
BNI Energy intends to explore opportunities in all forms of energy production, including value-added infrastructure services.
BNI Energy is partnering with Minnesota Power, Basin Electric Cooperative, and the Energy Environmental Research Center based in Grand Forks to develop a transformational coal technology, the Allam Cycle. The promising technology could yield an electric generator powered by lignite with nearly no emissions of carbon dioxide. In 2015, the partnership received a $1.5 million Lignite Research Council grant and $900,000 from the Department of Energy to help advance research for the design of an Allam Cycle plant using lignite as the fuel source.
“The research holds promise for North Dakota to continue to use its abundant coal resources while meeting proposed CO2 emissions standards and allow for future construction of lignite-fueled power plants to meet electricity needs,” Boeshans said.