SOLV Energy filed for IPO after its profits exploded from $139K in 2024 to $114M last year. (Bloomberg)
Formerly a subsidiary of construction giant Swinerton, the San Diego-based solar + storage builder was acquired by private equity firm American Securities in 2021 and has scaled rapidly to meet the grid’s large load demands.
With 20+ GW of capacity built to date and a recent merger with EPC firm CS Energy, SOLV is betting that being Big Tech’s clean power partner will outweigh any political headwinds.