SOLV Energy introduced it has entered into an settlement to accumulate Roberson Waite Electric (RWE), a California-based supplier of utility substation development, testing, commissioning and associated infrastructure companies.
A substation buildout by RWE.
“This acquisition advances SOLV’s technique to construct a diversified, scalable vitality and infrastructure companies platform aligned with utility funding,” stated George Hershman, Chief Govt Officer of SOLV Vitality. “Including RWE’s substation experience strengthens our lifecycle method, enabling us to help utilities from development via long-term operation.”
The acquisition broadens SOLV’s service capabilities and helps its enlargement into the regulated utility market, aligning the corporate with long-term funding in grid modernization and resilience. RWE’s specialised technical capabilities, longstanding utility relationships and skilled workforce additionally present working leverage to SOLV’s existing platform throughout large-scale photo voltaic technology, vitality storage and excessive voltage infrastructure.
Based in 1975 and headquartered in Anaheim, California, RWE builds on a multi-generation household legacy in utility infrastructure, with many years of expertise supporting safety-critical substation initiatives for main electrical utilities in Southern California. RWE is acknowledged for its execution at brownfield websites and in dense city environments and for its constant, repeat work with regulated utility prospects.
“Becoming a member of SOLV permits us to construct on our robust basis whereas increasing our capability to serve prospects as funding in essential infrastructure continues to develop,” stated James Waite, Chief Govt Officer of RWE. “We stay up for being a part of a broader imaginative and prescient and platform targeted on long-term infrastructure efficiency and reliability.”
RWE will function as a SOLV Vitality firm, retaining its present management staff, working mannequin and buyer relationships. The transaction is anticipated to shut by the third quarter of 2026.
Information merchandise from SOLV Vitality
Trending Merchandise
