SOLV Energy

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.

Name

SOLV Energy

Legal name

SOLV Energy, Inc.

Website

https://solvenergy.com

Company type

Public

Founded year

2008

Operating status

Operating

Headcount range

501–1,000 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

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

• Utility-scale solar EPC
• Battery energy storage EPC
• High-voltage substation construction
• Solar operations and maintenance
• Renewable energy construction services

Headquarters

HQ city

San Diego

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. 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.
2. 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.
3. 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.
4. 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

Go-to-market motion3 records

Core 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.

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability7 records

Feature7 records

Recent moves7 records

Expansion highlights6 records

Direct 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

• Facebookfacebook.com/solvenergyteam
• LinkedInlinkedin.com/company/solv-energy
• Instagraminstagram.com/solvenergy
• Xx.com/SOLVenergyteam

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries4 records

Funding overview

Funding rounds2 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A4 records

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SOLV Energy