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Why George Hershman of SOLV Energy Is Bullish on Solar: The Economics Driving Growth
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In this episode of the Green Giants Podcast, host Wes Ashworth welcomes George Hershman, CEO of SOLV Energy, to discuss the economic forces driving the solar industry’s explosive growth. This conversation reveals why solar energy is thriving, regardless of political shifts.
SOLV Energy has built over 15 gigawatts of solar projects, making it the top solar contractor in the U.S. Hershman shares his unmatched industry insights, explaining how technological demands, such as AI and widespread electrification, are making solar the most cost-effective and scalable energy solution today. He also discusses the industry’s transition from being policy-dependent to being driven by pure economics.
Key Takeaways:
- Solar’s Unstoppable Growth: Hershman details the massive demand surge and how AI and electrification are changing the game.
- Economic Resilience: Learn how SOLV Energy thrived through different political administrations by focusing on market fundamentals.
- Community and Job Impact: The episode covers solar’s role in job creation, especially in underserved areas, and the broader community benefits.
- Innovation at Scale: Discover how SOLV Energy embraces new technologies to accelerate project timelines and enhance efficiency.
- Overcoming Challenges: Hershman addresses supply chain and workforce hurdles, and how the industry is meeting these head-on.
Show Notes:
- Introduction (0:00 - 1:25): Wes introduces George Hershman and SOLV Energy’s achievements.
- Hershman’s Solar Journey (1:28 - 6:58): From starting with a small team during the 2008 crisis to becoming a solar titan.
- Scaling Up (7:00 - 13:12): How SOLV Energy’s growth philosophy drives opportunities and innovation.
- Current Market Overview (13:14 - 19:33): Why George is bullish on solar and the tech-driven trends fueling demand.
- Economic Stability (19:35 - 22:09): Navigating political climates and why solar’s future is secure.
- Workforce and Supply Chain (22:11 - 24:19): Challenges in scaling labor and logistics, and strategies to overcome them.
- Regional Expansion (24:21 - 30:34): Insights into SOLV Energy’s strategic moves into new markets.
- Diversifying Services (30:36 - 35:15): Why SOLV Energy is more than just an EPC provider, offering SCADA and repowering solutions.
- Innovation Highlights (35:17 - 45:27): How robotics and AI are optimizing solar construction and the vision for future growth.
- Closing Remarks (45:29 - End): Wes wraps up the episode, emphasizing the transformative impact of solar energy.
Links:
George on LinkedIn
SOLV Energy
Wes Ashworth: https://www.linkedin.com/in/weslgs/
- Email: wes@leegroupsearch.com
- https://leegroupsearch.com/green-giants-podcast/
- https://leegroupsearch.com/
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