To balance the varying levels of demand for electricity while ensuring reliable, consistent power, Hoosier Energy manages a wide range of generation sources. As we diversify our energy strategy, we’re incorporating smaller installations to supply energy to the increasingly complex electrical grid, expanding our use of clean energy sources in the process. The way we develop and utilize power supply sources continues to change based on the needs of our member cooperatives.
Our energy strategy has shifted substantially over the last two decades. Between 2000 and 2020, we increased our portfolio size by approximately 41%. We incorporated clean energy into our strategy as well, establishing a target of 10% renewable energy production by 2025, which resulted in the addition of wind, solar, landfill gas, hydropower and other initiatives. We also added natural gas to decrease our dependence on coal and added purchase power agreements with other energy providers to reduce operating risk. In the coming years, we plan to continue integrating clean energy into our broader strategy.