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By Andrew Holland on Jul 23, 2012 with 4 responses

The Navy’s Biofuels Program and the Great Green Fleet – Opportunities and Risks

The following article was written by Andrew Holland for Consumer Energy Report‘s free Energy Trends Insider newsletter.

Last Wednesday, the Green Strike Group sailed during the international Rim of the Pacific (RIMPAC) exercises off the coast of Hawaii. These exercises are the Navy’s largest of the year, and  feature participants from around the world. The reason, however, that this is important to clean energy investors is that the Navy could act as a market maker for the struggling biofuels industry. If the Navy guarantees its market over the next decade, there will be certainty for biofuels companies to make the investments necessary to reach commercial scale.

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