Navigant Research has forecast that the US Department of Defense (DOD) annual spending on microgrids is to reach $1.4bn by 2026.
That figure is set to surpass $453.4m this year, as the military increases its resilience to cyber threats while reducing dependence on fossil fuel imports.
“Perhaps the biggest impact the DoD could have on future microgrid growth globally is in the developing world,” said Peter Asmus, principal research analyst at Navigant Research.
DoD’s energy spending across its 280,000 buildings and 523 military bases is worth approximately $4bn and implementation of microgrids could help reduce that spending, according to the report.
Navigant also analyzed case studies, business models and challenges related to military microgrids as well as the market for such power grids that DoD fields across forward operating bases, stationary bases and tactical mobile systems segments.
Key industry players cited in the report include Ameresco, Burns & McDonnell, CleanSpark, GE, Honeywell, Go Electric, LexTM3, Lockheed Martin, Schneider Electric and Siemens.