1. A method for energy efficient allocation of storage resources in a networked computing environment, comprising: determining energy consumption characteristics of a storage workload in the networked computing environment; selecting a type of storage device for handling the storage workload; developing an allocation plan to result in a most efficient energy consumption for handling the workload, the allocation plan being based upon the energy consumption characteristics, a set of device models for a set of storage devices having the type, and an energy efficiency algorithm, the energy efficiency algorithm comprising applying a set of rules comprising: assigning critical data having high performance and reliability requirements to a serial attached small computer system interface disk; assigning workloads with high random input/output to an solid state drive; and assigning redundant data to a serial AT attachment; deploying the allocation plan; and selecting at least one storage device from the set of storage devices for handling the storage workload according to the deployed allocation plan.