Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

First Solar, Inc. (FSLR), General Electric Company (GE): What Is Solar Energy’s Role in Our Military’s Future?

When you think about military vehicles — the Humvee, the deuce-and-a-half, or the tank — the picture is not one of fuel economy. This image is only intensified when you consider that, since 2001, the average Marine Corps infantry battalion has seen a 200% increase in the number of vehicles it includes, and a 300% increase in the amount of computer and IT equipment it utilizes  The reality is that military operations are energy intensive, and do not have much of a reputation for efficiency. That is all in the process of changing.

First Solar, Inc. (NASDAQ:FSLR)

From the role SolarCity is playing in bringing solar to military housing, to the advances that companies like First Solar, Inc. (NASDAQ:FSLR) are striving for in their photovoltaic (PV) thin-film solar technology that will ultimately benefit military operations, the goal is to reduce costs and save lives. Given the push that various branches of the military have made toward the forefront of alternative energy, these projects could well serve as a driver of the industry as a whole.

What’s the big deal?
If there is one area where you might think that efficiency should be secondary to effectiveness, it would be in military operations. Why, then, would the armed forces be making a concerted push from the inside to improve efficiency? It’s not driven by Washington bureaucrats, but rather by statistics. A recent study by the Marine Corps found that, for every 50 truck convoys in Afghanistan, one soldier is wounded or killed, and one in 17 is hit by an improvised explosive device. Less energy means fewer convoys.

Here’s another statistic: In 2001, an infantry battalion of 900 to 1,000 marines used less energy than an infantry company of 125 to 150 marines does today. Both at home and in the field, energy consumption is a critical concern for the military, and one that it is addressing aggressively. Solar power is at the center of many of these strategies.

At home
A recent rollout by SolarCity is aimed at installing solar panels on as many as 120,000 military homes across the country in the next five years. The initial phase of the project is targeted at New Mexico and West Texas. For example, Fort Bliss in Texas has adopted the goal of being energy self-sufficient by 2018. While it’s hard to estimate the total cost savings, the opportunity for SolarCity is significant, and should be a growth driver for the foreseeable future.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.