Though long heralding success and prosperity and embodying the essence of American progressivism, coal production is officially on the decline across the nation. While it has been the industry of choice for middle America over the course of the 20th century, the new millennium brings with it promises of cleaner air and a reduced carbon footprint.
In 2012, coal accounted for nearly 40% of the U.S.’s power production, giving it the top spot that it still held even as recently as 2015. Since then, technologies involving renewable energy, such as natural gas, wind, and solar power, have begun to improve, making companies like Dallas-based Stream Energy more competitive. Even today, solar panels that are built in China and arriving on U.S. shores are already five times cheaper than they were just a few short years ago.
It’s not just the advancement of cleaner-air technologies that have begun to bury coal power; questionable extraction practices and increased awareness about air pollution have begun to drift into the mainstream, alerting others of the dangers. Cancer and climate change are the big concerns, and the U.S. government has taken steps to alleviate these concerns through regulation.
During the Obama administration, the government choked up on their emission standards, forcing coal companies to either shape up or ship out. Many companies could not remain competitive, paving the way for businesses like Stream to take the lead in energy. The Clean Power Plan (CPP) has since been tabled by President Trump, but the coal industry has still yet to recover.
What does the future hold? Many industry experts believe that Stream Energy and those like it will continue to increase their industry dominance while coal companies will continue to fizzle out. Many of them are tapping into their massive financial war chests in an effort to modernize their technology, but fossil fuels have long been scrutinized for being a finite source of energy. View Related Info Here.
Simply put, coal companies will have to address concerns over fracking as well as tighten up emission standards, or else they will continue to lose ground. Stream Energy is an industry leader in alternative energy sources and will continue to thrive in this economy which puts environment above profits.
Stream also likes to give back to the community. Stream also provide hope to those in need by supporting our communities and local charities through Stream Cares and the Stream Cares Foundation.