A huge infusion of money for the Energy Dept. is being proposed to help modernize the U.S. electricity grid and develop electric vehicles and other cutting-edge energy technologies. Power contractors are enthusiastic about the effects on the industry and states are getting in line for their share. The House bill would pump billions of dollars into DOE programs, including $11 billion to develop a “smart grid.” It also would provide $8 billion for loans for renewable energy and transmission lines linking wind farms in the rural heartland to urban areas. Adding transmission capacity and smart grid development are planned. Related
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.