What NoBull Energy does

NoBull Energy is a privately held EPC firm headquartered in Indianapolis, Indiana, specializing in the construction of utility-scale solar photovoltaic (PV) and battery energy storage system (BESS) projects across 26 or more U.S. states. Founded in 2021 by Managing Partners David Watts and Doug Pickering as a co-owned affiliate of Nomad Infrastructure and Bullhide Group, the company delivers full-scope engineering, procurement, and construction services, single-trade subcontracting support (civil, electrical, mechanical, crane and rigging), and upstream Development, Siting and Interconnection services for IPPs, developers, utilities, EPCs, and general contractors. The firm has constructed 1,300 MW of PV and 3.8 GWh of BESS to date, co-developed an additional 1.65 GW of PV and 1.9 GWh of BESS, and operates as a project-based enterprise contractor using fixed-price or cost-plus contracts with tailored delivery structures.

The company's core technology platform centers on autonomous construction equipment developed in collaboration with XPanner under the XBoost Partnership Program, including GPS-guided robotics for solar panel installation, self-operating material transport vehicles with real-time obstacle detection, and precision-guided trenching and pile driving machines. NoBull claims up to 30 percent reduction in installation times from these autonomous deployments and reports an industry-leading safety record anchored by a 0.47 Experience Modification Rate and 1.4 million hours without a lost-time incident. Customer logos include QCells and TransGrid Energy on the 450 MW / 1,800 MWh Atlas BESS portfolio in Arizona (financed via a $705M syndicated loan led by Société Générale with Santander), Meta on the Long Lake Solar Project, and a portfolio of named partners including BHE, GRS, PVH, and XPanner.

Go-to-market motion combines direct enterprise field sales targeting utilities, developers, and IPPs with channel partnerships for specialized trades and technology providers. Pricing is quote-based and project-specific, reflecting custom contracting structures, flexible delivery methods, and IRA compliance plus apprenticeship program participation that supports bonding capacity for large utility-scale engagements.

Name

NoBull Energy

Legal name

NoBull Energy

Website

https://nobullenergy.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

51–100 employees

Short description

NoBull Energy is a privately held Indianapolis-based EPC firm delivering full-scope engineering, procurement, and construction services for utility-scale solar PV and battery energy storage systems across 26+ U.S. states, serving IPPs, developers, utilities, and EPCs with autonomous construction technology.

Ownership category

akta.pro rank

Headquarters

HQ city

Indianapolis

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Full-Scope EPC Services: Turnkey engineering, procurement, and construction services for utility-scale solar PV and BESS projects. Revenue is project-based, earned through fixed-price or cost-plus contracts for complete project delivery from development through commissioning.
2. Trade-Specific Subcontracting: Single trade subcontracting support including civil, electrical, mechanical, and crane & rigging services. Provides flexibility for developers and partner contractors who need specialized trade expertise.
3. Development and Pre-Construction Services: Site assessment, land acquisition, permitting, funding, tax equity, and interconnection agreement services that can be bundled with construction or provided as standalone consulting engagements.
4. Installation Services: Specialized installation of tracking and racking systems (Nextracker, Array Technologies, Gamechange, OMCO, FTC Solar, PV Hardware, Flexrack) for solar projects, handling complex terrains and tight deadlines.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

NoBull Energy is a nationwide EPC firm delivering utility-scale solar PV and battery energy storage system (BESS) construction services. The company offers turnkey engineering, procurement, and construction execution, single-trade subcontracting support, and pre-construction services spanning development, siting, permitting, funding, and interconnection. Its portfolio is differentiated by the deployment of autonomous construction equipment developed with XPanner to enhance field productivity and safety.

Product overview

NoBull Energy (NBE) is a nationwide EPC firm offering a comprehensive suite of services for utility-scale solar (PV) and battery energy storage systems (BESS) markets. The company's offerings are organized as an integrated service portfolio: Development, Siting & Interconnection services provide pre-construction support; Full-Scope EPC Services deliver turnkey execution with civil, electrical, mechanical, and crane & rigging capabilities; and Solar Tracking/Racking Installations handle equipment from major manufacturers like Nextracker, Array Technologies, and Gamechange. The portfolio is differentiated by Autonomous Equipment Solutions—proprietary and partner-developed robotics including autonomous panel installation rigs and material transport vehicles that enhance field productivity. NoBull serves IPPs, Developers, EPCs, GCs, Utilities, and other industry partners through flexible delivery methods ranging from full-scope EPC to single-trade subcontracting.

Differentiator

Problem solved

Functional benefit

Products and services

• Development, Siting & Interconnection Services Comprehensive pre-construction services including site assessment, land acquisition, permitting, asset evaluation, funding and tax equity, and interconnection agreements for utility-scale renewable energy projects, available to developers, IPPs, and utilities.
• EPC Services (Engineering, Procurement, and Construction) Full-scope engineering, procurement, and construction services with trade-specific support including civil, electrical, mechanical, and crane & rigging for utility-scale solar PV and BESS projects, with deployment of autonomous equipment to enhance productivity and safety.
• Solar Tracking and Racking System Installations Installation services for industry-leading solar tracking and racking systems including Nextracker/Ojjo, Array Technologies/APA, Gamechange, OMCO, FTC Solar, PV Hardware, and Flexrack, handling complex terrains, subsurface challenges, tight deadlines, and large-scale logistics for utility-scale solar projects.

Quantifiable outcome

• 30% reduction in installation times
• +5 more outcomes

Named customers7 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Six partnerships are on record, tiered flagship, core and notable.

• XPannerflagshipTechnology or Integration · 16 January 2025Strategic partnership through XPanner's XBoost Partnership Program, the inaugural partner. XPanner provides integrated smart construction solutions including autonomous solar panel installation rigs and material transport vehicles that retrofit onto existing construction equipment. The partnership demonstrated up to 30% reduction in installation times on Arizona projects, with planned expansion to California and Colorado in 2025.
• Nomad InfrastructurecoreStrategic or Co-development PartnerParent company and co-owner of NoBull Energy (established 2021). Nomad Infrastructure delivers global industrial and EPC projects spanning energy, carbon/waste strategies, and manufacturing. NoBull Energy operates as an affiliate company to deliver top-tier construction services for utility-scale renewable projects.
• Bullhide GroupcoreStrategic or Co-development PartnerCo-owner of NoBull Energy alongside Nomad Infrastructure. Contributed to founding the company in 2021 to address the underserved renewable energy construction market.
• QCellsflagshipStrategic or Co-development PartnerIndustry-leading EPC company and primary customer. NoBull Energy delivered electrical and mechanical scopes for Atlas VII and Atlas IX BESS projects (450 MW/1,800 MWh combined capacity) in Arizona, enhancing grid stability for California customers under 15-year Resource Adequacy contracts with Southern California Edison.
• TransGrid EnergyflagshipStrategic or Co-development PartnerPioneering developer of utility-scale battery storage projects. Partnered with NoBull Energy on Atlas BESS projects focused on enhancing grid reliability and supporting clean energy adoption.
• STEREOSnotableTechnology or IntegrationGroundbreaking agreement in 2022 for inaugural equipment purchase in North America, introducing advanced pile drivers that revolutionized fieldwork efficiency and set new standards for precision and speed in solar project installations.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Quanta Services: Largest US specialty infrastructure construction firm with growing renewable energy EPC capability. Comparable on BESS and utility-scale solar build-out, but operates across transmission, distribution, telecom, and pipeline infrastructure with much larger scale.
• Bechtel Corporation: One of the largest global EPC contractors with energy infrastructure experience including renewables and storage. Comparable as a mega-EPC competing for utility-scale renewable and BESS projects, though with a much broader portfolio.
• Mortenson Construction: One of the largest US utility-scale wind, solar, and BESS EPC contractors with decades of track record. Directly comparable to NoBull as a full-scope renewable EPC serving developers, IPPs, and utilities, but with significantly broader scale and self-perform capacity.
• Primoris Services Corporation: Public infrastructure construction services company with a substantial renewables segment delivering solar and BESS EPC. Comparable in service scope and customer base but operates across oil & gas, utilities, and civil infrastructure as well.
• McCarthy Building Companies: Large diversified EPC with a substantial renewable energy practice delivering utility-scale solar and BESS. Comparable to NoBull on solar PV EPC scope, but operates across multiple construction verticals and has a longer, deeper project resume.
• Burns & McDonnell: Engineering-led EPC firm with significant utility-scale solar and BESS practice. Comparable as a turnkey EPC for utility/developer clients, though broader in scope across transmission, substation, and conventional generation.
• Black & Veatch: Global engineering, procurement, and construction firm with substantial renewable energy and BESS delivery capability. Comparable to NoBull as an EPC serving utility-scale developers, with broader services portfolio.

Direct peers

• Swinerton Renewable Energy: Pure-play utility-scale solar EPC contractor, one of the most direct competitors to NoBull's solar PV business. Similar model focused on large PV projects, with comparable customer base of developers, IPPs, and utilities across the US.
• SOLV Energy: Utility-scale solar EPC contractor focused exclusively on PV construction. Closely aligned with NoBull's core solar EPC scope and customer segments (developers, IPPs, utilities), making it a primary direct competitor.

Others

• Powin Energy: BESS system integrator and EPC-adjacent player delivering utility-scale storage projects. Comparable to NoBull on the BESS side of the business as both serve the same utility-scale storage market, though Powin supplies the integrated systems while NoBull performs the EPC.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Customer concentration

• LinkedInlinkedin.com/company/nobull-energy

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about NoBull Energy