The Future of Renewable Energy
Ameren Missouri has been around for over 100 years, so it knows what it’s doing when it comes to energy. And, with the legislative environment surrounding the environment becoming ever more supportive of sustainability measures, it seems that the proverbial wind is at the company’s back.
Monica Bailey, the executive director of the Atchison County Development Corporation, which is responsible for the economic development of the city in which Ameren’s new facility sits, is a big supporter of the company’s mission.
"Wind energy continues to have a tremendous economic impact on Atchison County," Bailey said. "Our county strongly supports wind energy production because it provides permanent, family-supporting jobs and unparalleled financial benefits to public entities such as our schools. We look forward to a long, productive relationship with Ameren Missouri."
The Renewable Energy Market
And research shows that the market for renewable energy alternatives like this one is growing at a steady pace. The market is expected to reach a valuation of over $1.5 trillion by 2025— up from $928 billion in 2017, according to market research firm Allied Market Research (AMR).
AMR notes that while the renewable energy market is somewhat hampered by the cheap price and widespread infrastructure and accessibility of fossil fuels across the world, governmental investment and environmental pledges, coupled with technological innovations, will help the renewable energy market grow consistently in the future.
One of the most notable cases of this legislative push is in New York, where the state’s government is aiming for 70% renewable energy by 2030. This is not the case across the country, but it seems that it’s moving that way.
Whatever the case, Ameren Missouri’s acquisition of the new facility is ahead of the curb. And Ajay Arora, chief renewable development officer at the company, says it will be an opportunity to bring new value to the consumer.
"Missouri-based clean energy is good for our customers, the environment and the economy," said Arora. "The ongoing operation of these facilities is the next step in getting the energy we provide as clean as we can, as fast as we can, without compromising on reliability or affordability."
About the Author
Elijah Labby is a graduate of the National Journalism Center. He has previously written for Broadband Breakfast, a technology and internet policy website.