(Incorporated in Delaware)

We are a leading provider of infrastructure services to the power industry, including engineering, procurement, construction, testing, commissioning, operations, maintenance and repowering. We have constructed more than 500 power plants representing 20 GW_dc of generating capacity since we were founded in 2008, and we currently provide O&M (operations and maintenance) services under long-term agreements to 146 operating power plants representing over 18 GW_dc of generating capacity. (Note: GWdc refers to Gigawatts direct current and MWdc refers to Megawatts direct current.)

Engineering News Record ranks us the second-largest solar contractor in the United States based on 2024 revenues and the seventh-largest contractor in power overall. We also believe we are a leading builder of high-voltage substations in the Southwestern United States.

We specialize in designing, building and maintaining utility-scale solar and battery storage projects with capacities of 200 MW_dc and larger and related T&D infrastructure. We built one in every nine MWs of utility-scale solar projects constructed in the United States from 2014 to 2024 and were the second largest builder of battery energy storage systems in 2024 according to Solar Power World. We are the second-largest provider of O&M services to existing utility-scale solar energy projects in the Americas based on the number of MW_dc managed in 2024 according to Wood Mackenzie. As of September 30, 2025, 93 percent of our total backlog was EPC services and 7 percent was O&M services, including estimated corrective maintenance. (Note: EPC stands for engineering, procurement and construction.)

We were founded in 2008 as Swinerton Renewable Energy (“SRE”) and operated as a division of Swinerton Builders, one of the largest employee-owned commercial construction firms in the U.S. and a wholly owned subsidiary of Swinerton. We were acquired by American Securities in December 2021, along with SOLV, Inc., a subsidiary we formed in 2012 to provide operations and maintenance services to both in-house and third-party power plants. Following our acquisition by American Securities, SRE and SOLV Inc. were rebranded as SOLV Energy. In October 2024, we merged with CS Energy, LLC, a leading provider of EPC services for solar and battery storage focused on the East and Southeast regions of the United States.

Worth Noting:

• On Oct. 7, 2024, we merged with ASP Endeavor Acquisition LLC, the parent company of CS Energy, LLC and CS Energy Devco, LLC. The CS Merger was considered a merger between entities under common control. Due to the common control ownership of SOLV Energy Holdings LLC and CS Energy, LLC and CS Energy Devco, LLC since 2021, the historical financial information of SOLV Energy Holdings LLC was recasted similar to the pooling of interest method and retrospectively adjusted for all periods presented to reflect the combined results of operations, financial position, and cash flow of both entities as if the merger had occurred at the earliest period presented, January 1, 2022.

• On Jan. 8, 2025, we acquired 100 percent of the ownership interests in Sacramento Drilling, Inc., a solar predrill and pile foundation installation contractor based in Sacramento, California. The aggregate consideration for the acquisition was approximately $16.9 million, of which approximately $11.2 million was paid in cash at closing, and $5.5 million is deferred and payable on the one-year anniversary of the acquisition.

• On June 13, 2025, we acquired 100 percent of the ownership interests in Spartan Infrastructure, Inc., a provider of T&D infrastructure services. The aggregate consideration for the acquisition was approximately $66.7 million.

Note: Net income and revenue are for the 12 months that ended Sept. 30, 2025.

(Note: SOLV Energy, Inc. filed its S-1 on Jan. 16, 2026, without disclosing the terms for its IPO. Estimated proceeds are $100 million, a placeholder figure. Some IPO pros believe that this deal could raise a lot more, possibly $600 million or more.)