According to a recent report by Navigant Research, the
research arm of
Navigant Consulting Inc
), annual revenue from microgrids used for military bases, both
stationary and forward operating bases (FOB's), is set to
aggregate $377.8 million by 2018.
Microgrids are a group of loads interconnected with each other
and act as a single controllable entity. Microgrid helps in
managing energy demand-supply and reduces the amount of fossil
fuel required to generate electricity. It is also useful in
integrating renewable energy resources for military installations
and facilitates military bases to continue operations, regardless
of the load on the larger utility grid.
Microgrids have an important application for the U.S.
Department of Defense (DOD) within the microgrid sectors:
stationary bases, forward operating bases, and mobile systems.
According to the research report, DOD's extensive usage of almost
all forms of fossil fuels will increase its demand for microgrid
technology, which in turn will help its ability to save
The report also suggests that microgrids are increasingly
gaining in popularity and are currently being deployed by around
two dozen military facilities in the U.S.
Navigant offers specialized advices to Disputes and
Investigations, Economics, Financial Advisory and Management
Consulting for a wide range of sectors including Construction,
Energy, Financial Services and Healthcare.
Navigant currently carries Zacks Rank #2 (Buy). Some other
stocks within the consulting industry worth mentioning are
Information Services Group, Inc.
), carrying a Zacks Rank #1 (Strong Buy), and
Huron Consulting Group Inc
), each carrying a Zacks Rank #2 (Buy).
EXPONENT INC (EXPO): Free Stock Analysis
HURON CONSLT GP (HURN): Free Stock Analysis
INFORMATION SVC (III): Free Stock Analysis
NAVIGANT CONSLT (NCI): Free Stock Analysis
To read this article on Zacks.com click here.