Solar power and keg stands have one thing in common: Wal-Mart wants to profit from them. In the race for commercial solar power, Wal-Mart is killing it. The company now has almost twice as much capacity as second-place Costco. A better comparison: Wal-Mart is converting more energy from the sun than 38 U.S. states.
In the beer department, Wal-Mart recently decided alcohol was good business and vowed to double sales by 2016. The result: 500 reps from the alcohol industry converged on the Sam's Club auditorium in Bentonville, Arkansas for an "adult beverages summit" focused on Wal-Mart. "It's even selling it in garden centers," wrote Bloomberg News in August.
With solar, will Wal-Mart have the same industry-focusing presence its had with booze? If small business is the heart of the U.S. economy, Wal-Mart is the gluteus maximus (also known as the power muscle). The company defines global supply chains and crunches cost reductions in just about every area it touches. More than 80 publicly traded companies rely on Wal-Mart for 10% or more of their annual revenue, according to Bloomberg data. "When we find something that works--like solar--we go big with it," the company's website proclaims.
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