Solar Power World has recognized the company's installation success by ranking SOLV Energy at No. 1 on the 2022 Top Solar Contractors list.
SAN DIEGO, July 26, 2022 /PRNewswire-PRWeb/ -- Despite concerns over supply chain interruptions and tariff investigations, the U.S. solar industry saw record solar and energy storage demand in 2021. SOLV Energy can attest to this, having one of its busiest years yet. Solar Power World has recognized the company's installation success by ranking SOLV Energy at No. 1 on the 2022 Top Solar Contractors list.
The Top Solar Contractors list is developed each year by industry magazine Solar Power World to honor the work of solar installers in the United States. Solar firms in the utility, commercial and residential markets are ranked by number of kilowatts installed in the previous year. Companies are grouped and listed by specific services, markets and states.
"The utility-scale solar market, of course, puts up huge installation numbers each year, but the majority of workers in the industry are constructing projects in the commercial and residential markets, which continue to break records," said Kelly Pickerel, editor in chief of Solar Power World. "Over 85% of the companies on the 2022 Top Solar Contractors List primarily work in the residential and commercial sectors, and they all reported closing out the last year in a positive light."
According to data released by energy research firm Wood Mackenzie — before recent federal decisions to prevent additional tariffs on imported solar panels — the United States is expected to install 11 GW less than originally predicted in 2022, due to continued supply chain constraints, price increases and interconnection challenges. Still, a survey of the 2022 Top Solar Contractors class found that 59% predicted their business would increase in the next year, with only 9% assuming business would decrease.
SOLV Energy employs 703 workers who installed 1943.2 megawatts (MW) of solar power in 2021. Since its founding in 2008, the company has installed 8,724.2 MW of solar. SOLV Energy builds, operates and maintains utility-scale solar, high-voltage substation and energy storage facilities in nearly 30 states, powering 2.8 million homes across the U.S.
"Despite the challenges facing our industry, it has been a year of growth and expansion for our company," said George Hershman, CEO of SOLV Energy. "In 2021, we launched the new SOLV Energy brand, welcomed dozens of employees to our team and invested in our experienced, hardworking people through expanded talent development, diversity and sustainability initiatives. Equipped with greater resources and backed by a strong partner, the SOLV Energy team remains committed to quality, innovation and safety. We're proud to make our SOLV Energy debut at #1 on this year's Top Contractors list."
About SOLV Energy
SOLV Energy offers engineering, procurement and construction (EPC) and operations and maintenance (O&M) services for solar photovoltaic plants throughout North America. We believe that good energy has a ripple effect. That's why we only take on projects that provide cleaner power, better jobs, greater education and a brighter future for our communities. Backed by a powerful legacy, we've branched out to focus solely on renewable energy initiatives.
About Solar Power World
Solar Power World is the leading online and print resource for news and information regarding solar installation, development and technology. Since 2011, SPW has helped U.S. solar contractors — including installers, developers and EPCs in all markets — grow their businesses and do their jobs better.
Media Contact
Scarlett Chepke, SOLV Energy, 330.770.3043, [email protected]
Kelly Pickerel, Solar Power World, 216.860.5259, [email protected]
SOURCE SOLV Energy
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