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Utility and energy companies looking for the next big contract for their renewable energy solutions may be overlooking one of the largest potential clients in the world: the United States Department of Defense. With an annual energy spend of more than $20 billion, the U.S. military is one of the largest power customers around – and the single largest consumer of liquid fuels on the planet.
Many companies have signed lucrative new contracts with the various branches in the past year:
All branches of the military are looking strongly into biofuels. They can be produced domestically and a reduced dependence on foreign energy sources has been a focus for years. Both the Air Force and the Navy have plans in place to use biofuels for 50% of their vehicles’ energy needs by the year 2020. The opportunity here is heavily weighted in production – more than 336 million gallons of biofuel will be needed by the Navy alone.
The U.S. Department of Defense has a strong commitment to investing in and advancing renewable energy technologies. Companies that can provide solutions to meet the unique niche needs of the military could quickly find themselves on a steep growth curve.
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