SOLV Energy Strengthens Its Renewable Portfolio Through Acquisition of SDI Services

SOLV Energy Acquires SDI Services

Introduction
In a significant strategic shift aimed at bolstering its renewable energy services, SOLV Energy has finalized its acquisition of Sacramento Drilling, Inc., known as SDI Services. This acquisition is poised to enhance SOLV’s capabilities in delivering renewable energy solutions and further reinforces its commitment to project excellence and innovation.

Background of the Acquisition
Founded over 25 years ago, SDI Services has established itself as a leader in solar foundation solutions. Since 2010, they have collaborated with SOLV Energy on various projects, providing predrilling and pile foundation installation at numerous facilities. The merger is viewed as a mutual benefit, with SOLV Energy's CEO, George Hershman, emphasizing how SDI’s expertise will strengthen their service offerings and operational capacities.

“SDI Services has built a reputation for excellence in solar foundation work, and their extensive experience complements our mission perfectly. This acquisition accelerates our growth strategy while maintaining our commitment to delivering superior results,” Hershman stated.

Benefits of the Partnership
The union of these two companies heralds new avenues for innovation and career growth for employees at both SOLV Energy and SDI Services. SDI's CEO, Pietro Saviotti, remarked, “SOLV shares our values and recognizes the potential of our combined operations. This partnership will unlock new opportunities for growth and operational effectiveness.”

With both companies working together on future projects, they aim to set new standards in installation efficiency while enhancing customer service. Engineering teams from SOLV and SDI will collaborate closely to optimize processes, ensuring that projects are completed with the utmost efficiency.

Impact on the Renewable Energy Market
This acquisition not only enhances SOLV Energy's portfolio but also reflects the growing demand for renewable energy solutions. SOLV Energy has established itself as a top-tier provider in the sector, boasting a vast EPC (Engineering, Procurement, and Construction) and OM (Operations and Maintenance) portfolio that has crossed the 20 GW mark in installed utility-scale solar and storage projects. The company has also been actively operating over 15 GW of renewable energy assets across the United States.

The integration of SDI Services’ expertise in foundation work offers SOLV Energy a competitive edge. As the renewable energy market rapidly expands, both companies’ combined strengths position them for leadership in utility-solar projects.

About SOLV Energy
SOLV Energy is a premier provider in the renewable energy landscape, particularly focusing on utility solar, energy storage, and high-voltage projects across North America. Since its inception in 2008, it has developed a strong portfolio, successfully delivering innovative solutions while ensuring safety and sustainability.

About SDI Services
With over two decades of experience, SDI Services is renowned nationally for its specialization in drilled shaft and micropile foundation services. The firm’s commitment to innovation and excellence has solidified its reputation as a trusted contractor in both public and private sectors, especially within the renewable energy domain.

Conclusion
As SOLV Energy and SDI Services unite, they prepare to embark on a journey marked by growth, efficiency, and enhanced service offerings. Their combined efforts aim not just to optimize operations but also to set the standard for future installations in the renewable energy industry, reinforcing their commitment to contributing to a more sustainable world.