Solar energy is expanding at a rapid pace. And now, the United States military is getting in on carbon free electricity too.
What’s happening:
- The United States Department of Defense has partnered with solar energy company Duke Energy to build five military locations with solar power
Why it matters:
- Solar energy is one of the most important technologies for producing carbon free electricity at scale and getting closer to net zero emissions globally, which has led to conglomerates such as Walmart (NYSE: WMT) building out solar infrastructure for the first time ever
Going deeper:
- The new solar projects funded by the Department of Defense will be installed at military locations in North Carolina and South Carolina
- Solar energy companies have been on the rise, with BlackRock previously announcing a large strategic investment into Canadian Solar (NASDAQ: CSIQ) and even actor Leonardo DiCaprio investing in Spanish solar startup SolarMente
By the numbers:
- The Department of Defense will have exclusive supply over all the solar power generated by the five new installations for a 15 year period
The intrigue:
- Important material inputs for solar panel manufacturing have also been seeing an uptick in momentum recently, including tellurium and silver
