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Infrastructure Builder Rides Renewable Energy Wave

Quanta Services, the largest builder of electrical infrastructure, sees renewable energy as the next step. Founded in 1997, the company has grown significantly; Quanta spotted the growing energy needs from the Internet boom and got in on the ground floor. Now, renewable energy is the logical choice for anyone involved in electrical infrastructure.

The development of renewable energy requires significant upgrade to the electric grid, most of which hasn't even been planned. Reports of the difficulties that wind and solar power providers have getting their energy to end users are popping up everywhere. Quanta stands to do very well if it takes the lead on renovating the American electric grid. The company has had less than steady growth of late but renewable energy is the ticket to increasing Quanta's income — at least for the next several years.

Currently, Houston-based Quanta is focusing on landing a deal with the Texas state government. Texas is developing 7,000 megawatts of wind-power. As a part of the project, the state will need to build transmission lines to get the power to end users. The contract will be worth about $5 billion, when all is said and done. So far, a deal hasn't been announced.

Image — Quanta Services

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