PWR · 10-Q · 2026Q3 · Full report

Electric Infrastructure Demand

QUANTA SERVICES, INC. · 2026-10-29 · Importance 23 · Surprise 24

Quanta reported strong demand for Electric services, driven by utility investment in multi-year grid modernization, reliability, system upgrade and hardening programs. Demand is also strong for new and expanded transmission, substation and distribution infrastructure, as electricity consumption increases with data centers and other technology uses, domestic manufacturing reshoring and electrification. Renewable generation investment is supporting demand for utility-scale solar, wind, battery storage, high-voltage transmission and substations, and interconnection services. The company said acquired businesses also increased demand for its electrical design and installation solutions serving technology and data center customers.

Key facts

• Quanta's utility customers continued significant capital investment in electric power delivery systems through multiyear grid modernization, reliability, system upgrade and hardening programs. source
• Quanta experienced high demand for new and expanded transmission, substation and distribution infrastructure. source
• Quanta continued to experience strong utility-customer demand, which it attributed in part to electricity demand associated with data centers and technology, domestic manufacturing reshoring and electrification. source
• Quanta reported that cost-effective solar, wind and battery storage, together with increased current and forecast electricity demand, continued to drive demand for renewable generation, related infrastructure and renewable interconnection services. source