US military spending on renewable energy will hit $1.8bn by 2025, boosting total installed capacity four-fold, according to new research.
A report published today predicts that the military will increase its renewables’ capacity from the current 80 MW to more than 3200 MW in the next 12 years.
This has the potential to make the Department of Defense “one of the most important drivers of cleantech in the United States“, according to analyst Dexter Gauntlett of Pike Research, which compiled the report.
Gauntlett added that the $1.8bn spend would “transform the production, consumption, and transport of fuel and energy within the military”.
The US Army, Navy, and Air Force have each set targets of 1 GW of installed renewable energy capacity by 2025 and Pike calculates that because these initiatives “have gained considerable momentum, many of the targets will be achieved”.
The report states that because of the Department of Defense’s use of power purchase agreements and enhanced use leases, some military installations should be able to pay the same amount ” or less ” for renewable electricity as they do for retail power from the grid.
The Department of Defense currently spends around $20bn per year on energy and uses 3.8bn kWh of electricity.