Primoris Adds Contract Wins to List of Solar, Gas Projects

July 18, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Specialty contractor Primoris Services Corporation (NYSE:PRIM) recently racked up $1.2 billion worth of project awards for its energy business, including $1.1 billion for the engineering, procurement and construction (EPC) of solar-power projects and about $100 million to expand several gas-fired power plants. Industrial Info is tracking more than $3.6 billion worth of active and planned projects featuring Primoris, more than 70% of which is attributed to solar-energy and battery energy-storage system (BESS) developments. "The solar awards, which include approximately 800 megawatt-hours of battery energy storage systems, demonstrate progress toward our strategic goal to expand our solar service offering," said Tom McCormick, the chief executive officer of Primoris. Other companies featured: Enel SpA, First Solar Incorporated (NASDAQ:FSLR), AES Corporation (NYSE:AES), Capital Dynamics Limited, Ranger Power, Duke Energy Corporation (NYSE:DUK), General Electric (NYSE:GE) and Berkshire Hathaway Incorporated (NYSE:BRK.A).