Microgrids for Military Bases to Surpass $377 Million in Annual Market Value by 2018, Forecasts Navi
Microgrids for Military Bases to Surpass $377 Million in Annual Market Value by 2018, Forecasts Navigant Research
BOULDER, Colo.--(BUSINESS WIRE)-- Microgrids hold strong appeal for theUnited States Department of Defense (DOD). Microgrids can reduce the amount of fossil fuels consumed to create electricity by networking generators as a system, and can help integrate renewable energy resources (such as wind and solar) for military installations. Perhaps most importantly, microgrids enable military bases - both stationary and forward operating bases (FOBs) - to sustain operations, no matter what is happening on the larger utility grid or in the theater of operations. According to a recent report from Navigant Research, annual revenue from microgrids for stationary military bases and FOBs will reach $377.8 million by 2018.
"The DOD's interest in improving energy security through microgrid technology stems from its heavy reliance upon all forms of fossil fuels," says Peter Asmus, principal research analyst with Navigant Research. "In addition, the DOD has reexamined the existing electricity service delivery model in the United States, and has concluded that the best way to bolster its ability to secure power may well be through microgrid technology it can often own and control."
The report identifies approximately two dozen military facilities in the United States that are currently engaged in smart microgrid implementations. The Marines show the fastest initial capacity growth spurt, but the Army shows signs of longer-term increases in annual capacity. This is because the Army has a larger number of stationary bases suitable for microgrid upgrades.
The report, "Military Microgrids", examines the growth microgrids for three Department of Defense microgrid sectors: stationary bases, forward operating bases, and mobile systems. Along with forecasts through 2018 for each of the three primary sectors, the report also includes forecasts for stationary renewable integration and demand response microgrids, as well as solar photovoltaic systems deployed by the DOD. In addition, key industry players in systems integration, microgrid systems control and integration, and microgrid components are profiled. An Executive Summary of the report is available for free download on the Navigant Research website.
About Navigant Research
Navigant Research, the dedicated research arm of Navigant, provides market research and benchmarking services for rapidly changing and often highly regulated industries. In the energy sector, Navigant Research focuses on in-depth analysis and reporting about global clean technology markets. The team's research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Smart Energy, Smart Utilities, Smart Transportation, Smart Industry, and Smart Buildings sectors. Additional information about Navigant Research can be found at www.navigantresearch.com.
Navigant (NYS: NCI) is a specialized, global expert services firm dedicated to assisting clients in creating and protecting value in the face of critical business risks and opportunities. Through senior level engagement with clients, Navigant professionals combine technical expertise in Disputes and Investigations, Economics, Financial Advisory and Management Consulting, with business pragmatism in the highly regulated Construction, Energy, Financial Services and Healthcare industries to support clients in addressing their most critical business needs. More information about Navigant can be found at www.navigant.com.
* The information contained in this press release concerning the report, "Military Microgrids," is a summary and reflects Navigant Research's current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report's conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.
KEYWORDS: United States North America Colorado
The article Microgrids for Military Bases to Surpass $377 Million in Annual Market Value by 2018, Forecasts Navigant Research originally appeared on Fool.com.Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.