Solaris Energy’s 2025 Revenue Hits $622M as Power Solutions Targets 90% Earnings Contribution
Solaris Energy Infrastructure's full-year 2025 revenue rose nearly 100% to $622 million and Adjusted EBITDA increased over 100% to $244 million, with Power Solutions contributing 70% of earnings and targeting 90%. The company is fully funded for 2,200 MW of deliveries and secured 1,000 MW in long-term agreements.
1. 2025 Financial Performance
In full-year 2025, Solaris reported revenue of $622 million, up nearly 100% from 2024, and Adjusted EBITDA of $244 million, more than doubling year over year. Fourth-quarter revenue reached $180 million with Adjusted EBITDA of $69 million, driven by stronger Power Solutions margins.
2. Power Solutions Segment Expansion
The Power Solutions segment accounted for roughly 70% of 2025 earnings and is projected to reach 90% contribution as it scales. Management said the segment generated revenue from 780 MW in Q4 and is fully funded to support up to 2,200 MW of equipment deliveries, with pipeline demand exceeding available capacity through 2027–2028.
3. Commercial Contracts and Partnerships
Major long-term wins include a 15-year joint venture with a data-center customer and an upsized power agreement of 500–900 MW, plus a separate 10-year contract for over 500 MW beginning January 2027, with phased energization from Q1 2027. These deals underpin secured revenue streams and leverage financing for equipment deployment.
4. Strategic Acquisitions and Regulatory Position
Solaris acquired a voltage distribution and control equipment provider to offer integrated turnkey solutions and made a stake in an SCR manufacturer to meet EPA Subpart KKKKa requirements. Executives highlighted behind-the-meter deployments as a solution to grid interconnection delays and large load study backlogs.