SOLV Energy
SOLV Energy is a U.S.-focused utility-scale solar, battery storage, and high-voltage substation EPC and O&M provider ranked #2 in U.S. solar EPC, BESS EPC, and solar/storage O&M. It serves developers, IPPs, and utilities via self-performed construction, a NERC-registered control center, and proprietary Sunscreen and Vitals platforms.
- Company typePublic
- Founded2008
- HeadquartersSan Diego, United States
- Headcount1,001–5,000
- GTM typeB2B
- OfferingServices
What SOLV Energy does
SOLV Energy is a U.S.-focused engineering, procurement, and construction (EPC) and operations & maintenance (O&M) provider specializing in utility-scale solar, battery energy storage systems (BESS), and high-voltage substations up to 500 kV. The company delivers full-scope EPC for projects of 200 MWdc and above and maintains approximately 22 GW of operating solar and storage assets across roughly 155 power plants under long-term O&M contracts, making it the #2-ranked U.S. solar EPC, #2 BESS EPC, and #2 solar and storage O&M provider in the Americas by management's account. Its customer base consists of top-25 U.S. utility-scale solar developers, independent power producers (IPPs), and utilities, with 65% of the top 25 developers working with SOLV and an average customer tenure exceeding seven years at the largest accounts.
Underlying the service offering is a vertically integrated technology stack: self-performed civil, electrical, and high-voltage construction crews; an in-house SCADA and Operational Technology Solutions (OTS) group; a NERC-registered medium-impact Operations Control Center operating 24/7/365; and two proprietary software platforms — Sunscreen (a construction management platform used by 1,440+ field personnel) and Vitals (an O&M analytics platform ingesting 2.8 million data points every 5 seconds across 50+ terabytes of operating data). Revenue is generated through three principal streams: project-based EPC contracts (the largest, with $2.49B in FY2025 revenue and $677M in Q1 2026, up 66% year-over-year), recurring multi-year O&M services, and professional services around SCADA/OTS, technical services, and repowering. SOLV Energy is headquartered in San Diego, California, employs approximately 2,600 people (including 1,950 field craftworkers), completed its NASDAQ IPO in February 2026 under the ticker MWH, and has expanded through a series of acquisitions including CS Energy, Sacramento Drilling/SDI Services, Spartan Infrastructure, and the pending Roberson Waite Electric transaction.
SOLV Energy firmographics
Firmographics- Name
- SOLV Energy
- Legal name
- SOLV Energy, Inc.
- Website
- https://solvenergy.com
- Company type
- Public
- Founded year
- 2008
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- SOLV Energy is a U.S.-focused utility-scale solar, battery storage, and high-voltage substation EPC and O&M provider ranked #2 in U.S. solar EPC, BESS EPC, and solar/storage O&M. It serves developers, IPPs, and utilities via self-performed construction, a NERC-registered control center, and proprietary Sunscreen and Vitals platforms.
- Ownership category
- akta.pro rank
SOLV Energy industry classification
Industry- Product category
- Utility-Scale Solar and Storage EPC Services
- NAICS
- Solar Electric Power Generation (221114), Power, Distribution, and Specialty Transformer Manufacturing (335311), Electric Power Transmission, Control, and Distribution (22112)
- SIC
- Power, Distribution & Specialty Transformers (3612), Switchgear & Switchboard Apparatus (3613)
- akta.pro primary industry
- Auxiliary Systems EPC (Station Service, HVAC, Fire Protection, Security) (EUAEADAK)
- akta.pro secondary industries
- Power Plant I&C / SCADA / DCS EPC (EUAEAAAN), Distribution Substations & Switching Stations (MV) EPC (EUAEACAC)
Keywords
Where SOLV Energy is headquartered
LocationHeadquarters
- HQ city
- San Diego
- HQ country
- United States
- HQ region
- North America
Markets served
SOLV Energy business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Supply Chain, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Engineering, Procurement & Construction (EPC): Project-based revenue from full-scope utility-scale solar, storage, and high-voltage substation EPC contracts of 200 MWdc and above. Largest revenue driver: $2.49B FY2025 revenue, $677M Q1 2026 revenue (+66% YoY). Customers include developers, IPPs, and utilities. Revenue is recognized over time on long-duration construction contracts; project pipeline visibility is supported by an $8.2B backlog as of Q1 2026.
- Operations & Maintenance (O&M) Services: Recurring multi-year O&M contracts across utility-scale solar, BESS, and wind assets. Includes 24/7 monitoring from NERC-registered OCC, preventative and corrective maintenance, performance engineering, high-voltage testing, vegetation management, and warranty preservation. Roughly 22 GW / 155 power plants under management as of Q1 2026; 200+ renewable facilities under contract. Long-tail, sticky revenue supported by long-term O&M commitments.
- SCADA / Operational Technology Solutions (OTS): Revenue from end-to-end SCADA and network infrastructure design, deployment, commissioning, and ongoing OT support for PV + BESS projects. Sold as part of EPC packages and as standalone lifecycle services. Includes RIG certifications, retrofits, and integration with SOLV's OCC.
- Technical Services — Emergency Response, Corrective Maintenance & Repowering: Revenue from rapid mobilization for storm/wildfire damage, panel/inverter/racking replacement, BESS augmentation, substation corrective work, repower feasibility studies, and engineering-led failure analysis. Delivered via dedicated Technical Services Team with NERC/FERC compliance support.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| — | — | Project-based EPC contracts sized to scope and MWdc; revenue and gross margin ranges disclosed in SEC filings rather than a public rate card. |
Go-to-market motion3 records
SOLV Energy product offering
Product offeringCore offering
SOLV Energy is a utility-scale solar, battery energy storage, and high-voltage substation Engineering, Procurement, and Construction (EPC) contractor. It delivers full-scope EPC for projects of 200 MWdc and above, integrates battery storage and HV substations up to 500 kV, and provides long-term Operations & Maintenance, Technical Services, and SCADA/Operational Technology Solutions backed by its Sunscreen and Vitals proprietary software platforms and a NERC-registered 24/7 Operations Control Center.
Differentiator
Problem solved
Functional benefit
Products and services
- EPC Services (Engineering, Procurement & Construction) Full-scope EPC delivery for utility-scale solar projects of 200 MWdc and above, including custom engineering, strategic procurement, self-performed civil/structural/electrical construction, and rigorous testing/commissioning. For utility-scale solar, IPPs, and utilities building GW-scale renewable portfolios.
- Utility-Scale Solar EPC Full-scope EPC for large-scale solar projects, from civil to structural to electrical, including custom site layouts optimized for maximum energy yield, in-house civil and electrical work, advanced energy modeling, value engineering, environmental compliance, and seamless transition to O&M services. For utility-scale solar developers, IPPs, and utilities.
- Battery Energy Storage Systems (BESS) EPC Full EPC services for hybrid solar + storage projects and standalone battery energy storage systems, including engineering design tailored to battery chemistry, procurement of inverters/battery modules/switchgear, self-performed construction, lifecycle integration with O&M, battery augmentation, repowering, and SCADA integration. Ranked #2 U.S. BESS EPC. For utility-scale developers, IPPs, and utilities.
- High-Voltage Substations Design and build of substations and interconnection facilities up to 500 kV, with 300+ interconnections completed across 40+ utilities. Capabilities include engineering design, testing/commissioning, NERC/CIP certification support, procurement of transformers/switchgear/transmission towers, self-performed civil/structural/electrical construction, lifecycle services, and advanced directional drilling. For regulated utilities, IPPs, and developers requiring interconnection infrastructure.
- Operations & Maintenance (O&M) Services Recurring multi-year O&M contracts across utility-scale solar, BESS, and wind assets, including 24/7 monitoring from the NERC-registered Operations Control Center, preventative and corrective maintenance, performance engineering, high-voltage testing, vegetation management, and warranty preservation. For solar and storage asset owners, IPPs, and developers. Ranked #2 solar and storage O&M in the Americas.
- SCADA & Operational Technology Solutions (OTS) End-to-end SCADA and network infrastructure capability for PV and BESS projects, covering project/portfolio management, SCADA and network design, plant control for PV and BESS, integration/testing/commissioning, ongoing O&M, troubleshooting, retrofits, and RIG certifications. Deployed across 200 utility-scale plants with 2 million live tags feeding the OCC and 10 GW of real-time control capability. For utility-scale solar and storage developers, IPPs, and utilities.
- Technical Services (Emergency Response, Corrective Maintenance & Repowering) Dedicated emergency response, corrective maintenance, and repowering organization with rapid mobilization, engineering-led failure/root-cause analysis, HV switching/testing, BESS augmentation EPC, and NERC/FERC GO/GOP compliance support, backed by OCC 24/7 monitoring and nationwide EPC capabilities. For solar and storage asset owners needing lifecycle support.
Companies that use SOLV Energy
Customer profileIdeal customer profiles2 records
SOLV Energy technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability7 records
Feature7 records
SOLV Energy partnerships and signals
Strategic signalRecent moves7 records
Expansion highlights6 records
SOLV Energy competitors and assessment
Company assessmentDirect peers
- MasTec: Publicly traded (NYSE: MTZ) infrastructure construction firm with a sizable Clean Energy & Infrastructure segment delivering solar, storage, and HV substation projects. Directly competes with SOLV in utility-scale solar EPC and shares the same IPP, developer, and utility customer set.
- Primoris Services Corporation: Publicly traded specialty construction and infrastructure services provider (NYSE: PRIM) with meaningful utility-scale solar and storage EPC operations alongside T&D and pipeline work. Comparable revenue mix, project-based model, and exposure to U.S. clean energy buildout.
- Quanta Services: Largest U.S. infrastructure construction firm for electric, gas, renewable, and telecom networks; directly comparable through its Blattner Energy and REC business for utility-scale solar, storage, and HV substation EPC. Both serve developers, IPPs, and utilities with full-lifecycle energy infrastructure delivery.
- Mortenson Construction: Privately held top-tier EPC contractor with a large utility-scale wind, solar, and storage practice. Directly competes with SOLV on utility-scale solar EPC contracts for the same developer and utility customer base, and is consistently ranked alongside SOLV among the top U.S. renewable EPC firms.
- McCarthy Building Companies: Privately held national builder with a leading utility-scale solar EPC practice (McCarthy Solar). Directly competes on large PV and PV+BESS projects for developers and utilities across the U.S. Southwest and is consistently named alongside SOLV in top-EPC rankings.
- Blattner Energy (now part of Quanta Services): Historically the largest U.S. utility-scale wind and solar EPC firm, acquired by Quanta Services in 2021. Direct predecessor-comparable to SOLV in utility-scale solar and storage EPC scope and customer base, now operating within Quanta's Renewable Energy Infrastructure Solutions segment.
Broad incumbents
- Bechtel Corporation: One of the largest global EPC firms with deep capabilities across power, transmission, and renewables. Competes with SOLV on large utility-scale and grid infrastructure projects as part of a much broader portfolio spanning nuclear, LNG, and government services.
- EMCOR Group: Publicly traded (NYSE: EME) provider of electrical and mechanical construction, facilities, and energy infrastructure services. Competes with SOLV in HV substation, BESS, and electrical scopes for utility customers as part of a much larger and more diversified services portfolio.
- Burns & McDonnell: Privately held engineering, architecture, and construction firm with a sizable Transmission & Distribution and energy practice. Overlaps with SOLV on HV substation EPC, interconnection, and grid modernization work for utilities and IPPs.
- Swinerton: National commercial and renewable construction firm and the original parent of SOLV (founded as Swinerton Renewable Energy in 2008). Provides comparable utility-scale solar EPC capabilities through its own renewable energy division while operating a much broader commercial building business.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
SOLV Energy social profiles
Digital presenceSOLV Energy compliance and trust
Trust signalCompliance7 records
SOLV Energy financial estimates
Financial estimateRevenue estimate
Valuation estimate
SOLV Energy leadership team
Management profileNumber of profiles
Profiles10 records
SOLV Energy subsidiaries and ownership
Company hierarchySubsidiaries4 records
SOLV Energy funding detail
Funding detailFunding overview
Funding rounds2 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
SOLV Energy M&A and investment
M&A and investmentM&A4 records
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about SOLV Energy
What does SOLV Energy do?
SOLV Energy is a utility-scale solar, battery energy storage, and high-voltage substation Engineering, Procurement, and Construction (EPC) contractor. It delivers full-scope EPC for projects of 200 MWdc and above, integrates battery storage and HV substations up to 500 kV, and provides long-term Operations & Maintenance, Technical Services, and SCADA/Operational Technology Solutions backed by its Sunscreen and Vitals proprietary software platforms and a NERC-registered 24/7 Operations Control Center.
Is SOLV Energy a public or private company?
SOLV Energy is a public company. It is classified as public and is currently operating.
When was SOLV Energy founded?
SOLV Energy was founded in 2008. It employs 1,001 to 5,000 people.
Where is SOLV Energy based?
SOLV Energy is headquartered in San Diego, United States, in the North America region.
How does SOLV Energy make money?
Four revenue lines are on record. Engineering, Procurement & Construction (EPC) is the primary driver. The others are operations & Maintenance (O&M) Services, SCADA / Operational Technology Solutions (OTS) and technical Services — Emergency Response, Corrective Maintenance & Repowering.
Who are SOLV Energy's main competitors?
Direct peers on record are MasTec, Primoris Services Corporation, Quanta Services, Mortenson Construction, McCarthy Building Companies and Blattner Energy (now part of Quanta Services). Broad incumbents are Bechtel Corporation, EMCOR Group, Burns & McDonnell and Swinerton.
Does SOLV Energy have an API?
No public API is recorded for SOLV Energy.
What industry is SOLV Energy in?
SOLV Energy's product category is Utility-Scale Solar and Storage EPC Services. Its primary akta.pro industry code is EUAEADAK, Auxiliary Systems EPC (Station Service, HVAC, Fire Protection, Security), with a secondary code of EUAEAAAN, Power Plant I&C / SCADA / DCS EPC. Its NAICS code is 221114 and its SIC code is 3612.