Public Solar. Many of you are solar people, I think you know what I mean by that, and SOLV’s CEO, George Hershman is at the very top of that list. Yesterday, SOLV went public on the NASDAQ, raising $513mm before the stock rose another 20% in its first day of trading. SOLV, which is trading under the ticker MWH, has grown out of Swinerton before scaling to what it is today as one of the biggest EPCs in the market. I’m happy to call George a friend and very excited for his team including other solar lifers for getting to this point. Now George joins the public company CEO club in solar that is ever expanding, which is a great thing to have in our market.
Opinion
News
1 CNBC:
SOLV Energy CEO on IPO debut
2 Utility Dive:
CAISO shifts transmission focus to reliability to meet peak demand growth
3 New York Times:
Trump Orders the Pentagon to Buy More Coal-Fired Electricity
4 Reuters:
Norway wealth fund seeks battery storage investment as market matures
5 PV-Tech:
National Laboratory of the Rockies lays off 130 employees
6 Canary Media:
NineDot Energy raises big money for small batteries in New York City
7 PV-Magazine:
High-voltage DC solar architecture solves the AI datacenter bottleneck
Opinions:
8 Energy Storage News:
Europe’s energy storage buildout
Have a great day!
Yann
Opinion
Best, Yann
News
1 Reuters:
Rising US industrial load intensifies power generation need
2 Bloomberg:
Deep Freeze More Than Doubled Power Costs on Biggest US Grid
3 Utility Dive:
Natural gas installations more than doubled in 2025
4 PV-Tech:
EU Commission approves €3 billion German clean energy manufacturing scheme
5 Energy Storage News:
FlexGen begins operating 700MWh total BESS in Wisconsin, Iowa for Alliant Energy
6 Canary Media:
Bad Bunny’s Super Bowl show had a big message about Puerto Rico’s grid
Opinions:
7 PV-Magazine:
ERCOT BESS interconnection applications drop 50% in H2 2025 as faults in the boom emerge
Have a great day!
Yann
Solar IPOs Hot Again. It’s time to start the public company CEO group chat (this is just a joke!) But with Forgent going public, NEOS partners strike again with their third major renewables-related IPO in this decade. Next week, we could see another solar EPC go public and that’s a great thing for many of our friends and their investors. It’s also great for the solar market and other companies that see this path to liquidity and capital reopening for solar.
Opinion
News
1 Bloomberg:
Forgent Power Shares Advance 7.4% After $1.5 Billion IPO
2 Seattle Times:
Amazon outbids WA utility for one of nation’s largest solar projects
3 Utility Dive:
Federal energy assistance programs survive budget gauntlet
4 Reuters:
US rooftop solar installers cut jobs, restructure as homeowner subsidy expires
5 Energy Storage News:
Aypa Power closes US$1.5 billion credit facility for US BESS projects
6 Canary Media:
Massachusetts scrutinizes pipeline-safety program as gas bills spike
7 PV-Magazine:
State legislatures consider bills to speed solar project deployment
Opinions:
8 PV-Tech:
What are the latest issues with TOPCon solar panels?
Have a great day!
Yann
Opinion
Best, Yann
News
1 New York Times:
A Trump ‘Blockade’ Is Stalling Hundreds of Wind and Solar Projects Nationwide
2 Utility Dive:
TVA pursues 6.2 GW of new generation, citing data centers, population growth
3 Bloomberg:
Power Equipment Maker Forgent, Backers Raise $1.5 Billion in IPO
4 Reuters:
Chinese solar shares jump on reports of Musk-linked visits, some firms deny cooperation
5 PV-Tech:
Cost the key consideration in European supply chains as reliance on China remains
6 Energy Storage News:
Standalone solar no longer enough in Europe as storage takes centre stage
7 Canary Media:
California has abundant solar power. Here’s how factories can use it.
8 PV-Magazine:
Lunar Energy raises $232 million to accelerate development of residential storage, VPP software
Have a great day!
Yann
