TULSA, Okla. -(E&E News) One of America’s largest coal mining companies has taken a fledgling electric-vehicle-charging company under its wing and will use its deep connections to open doors at the country’s electric utilities.
Alliance Resource Partners LP, which operates coal mines from Illinois to Maryland, said yesterday it would become a “significant minority shareholder” in Francis Energy, a charging company founded by the son of a prominent Washington lobbyist. It first floated the deal last week in an earnings call and securities documents.
Both companies are based in Tulsa, Okla., and found each other there.