Financing Strategies Deliver Cost Savings and Peak Flexibility to Growing Utility Construction Firmshttps://secureservercdn.net/184.108.40.206/w8w.691.myftpupload.com/wp-content/uploads/2018/01/Todd-Maurer-300x200-1.jpg?time=1590635507300200Summit Funding GroupSummit Funding Grouphttps://secureservercdn.net/220.127.116.11/w8w.691.myftpupload.com/wp-content/uploads/2018/01/Todd-Maurer-300x200-1.jpg?time=1590635507
Financing Strategies Deliver Cost Savings and Peak Flexibility to Growing Utility Construction Firms
The U.S. utilities industry is experiencing record-breaking growth, driven largely by the ongoing need for infrastructure upgrades and restoration, as well as significant, government-mandated projects such as grid modernization and extensive pipeline overhauls.
In fact, the utilities industry saw a record-breaking approximately $117 billion in spending by the largest investor-owned utilities in the U.S. last year. This has translated directly into a larger volume of projects and growth for utility contractors. While this industry has continuously faced uncertainty due to shifting energy sources and heavy regulation due to environmental impact, it is clearly not slowing down.