LAKEWOOD, CO—Dakota Salts has retained Waggener Edstrom Worldwide to provide corporate positioning and investor relations counsel.
Dakota Salts is assessing the potential of using the 5,000 acres of mineral leases it owns in North Dakota to create salt caverns which can be used for the extraction of salt and potash and the storage of compressed air for electricity generation. The technology has the potential to help wind and other renewable energy producers address a major challenge: dependence of generating capacity on wind conditions.
"North Dakota is home to one of the largest wind farms in North America, with capital investment expected to exceed $4 billion," says Walter Doyle, president of Dakota Salts. "Our mineral leases uniquely position us to play a key role in the development of this crucial energy source. This is a significant opportunity for Dakota Salts, and we are looking forward to working with Waggener Edstrom to tell our story, in the financial community and beyond."