A Texas contractor for substation foundations and battery storage is now part of SOLV Energy.
SOLV Energy (Nasdaq: MWH) acquired ASB Energy Services, a Texas-based contractor specializing in substation foundations and battery storage infrastructure. The deal strengthens SOLV's energy infrastructure platform and expands its high-voltage construction capabilities. ASB will operate as part of SOLV, retaining its leadership and customer relationships. The acquisition supports SOLV's long-term strategy to capitalize on increasing investment in grid modernization and energy storage.
