Ameren is actively investing in companies and technologies with the goal of meeting future needs for clean, reliable and sustainable energy in Missouri and Illinois. Through the Ameren Accelerator program, Ameren partners with public universities, private companies and industry associations to invest, mentor and host pilot projects with energy technology startups.
Ameren is partnering with Incubatenergy Labs as well as leading utilities to engage early stage companies to demonstrate and deploy innovative solutions in targeted areas. Each year, finalists are chosen to demonstrate their technology at a utility and receive mentorship and industry insights directly from Ameren and other utility leaders. In 2020, nearly 150 companies applied to participate in the program.
Energy Impact Partners (EIP) is a private equity and venture capital firm specializing in growth equity investments and early growth companies seeking to invest in energy efficiency and sustainable energy generation distribution. We partner with EIP to identify emerging trends, new technologies and innovative business models. In addition to financial support, Ameren leaders participate in EIP steering committees or working groups to help develop the energy solutions of the future.
Ameren Accelerator invested in three cohorts of energy related start-ups in partnership with UMSL Accelerate and Capital Innovators. To date, 19 companies have completed the Ameren Accelerator program, which includes industry champions, private sector mentors, and student interns. Members of the first three cohorts have created more than 100 new jobs in the St. Louis area.