Building Upon Decades of Power Generation Experience, Quanta Expands Its Total Solutions Platform And Announces Its Selection By NiSource To Provide Power Generation And Grid Infrastructure Solutions For A Large Load Customer

Core Insights - Quanta Services, Inc. has expanded its total solutions power generation platform to enhance its capabilities in delivering integrated power generation and grid infrastructure solutions, particularly for large load customers [1][3][5] Group 1: Expansion of Solutions Platform - The expansion builds on Quanta's extensive experience in constructing over 80,000 megawatts of power generation, focusing on renewable energy and battery energy storage solutions [5] - The platform aims to address the increasing demand for reliable power generation driven by factors such as data centers, manufacturing, and electrification [1][5] Group 2: Collaboration with NiSource - NiSource, Inc. has selected Quanta to design, procure, and construct resources capable of generating approximately 3 gigawatts of power for a large load customer [3][4] - The collaboration emphasizes customer affordability while advancing economic development and innovation in energy infrastructure [4] Group 3: Joint Venture with Zachry Group - Quanta has formed a joint venture with Zachry Group to provide combined cycle gas generation solutions, leveraging both companies' expertise [6][7] - The joint venture aims to maximize collaboration and efficiency, with Quanta holding a 50% ownership interest [6] Group 4: Project Timeline and Financial Expectations - The project scope and estimation phase has commenced, with execution expected to begin in 2026, and full power availability anticipated by 2032 [7] - Quanta expects to recognize financial contributions from the joint venture through proportionate consolidation, primarily reflected in the Electric Infrastructure Solutions segment [7]