Quanta Services Invests in Hybar
Quanta Services (PWR) has made a strategic equity investment in Hybar, according to Hybar on Wednesday.
Financial details were not disclosed.
Hybar said it is building a scrap metal recycling steel rebar mill in northeast Arkansas, which is expected to start operations in less than a year and will be powered by an adjacent 105 megawatt solar field and battery storage facility.
Quanta's investment in Hybar is in line with its goal to ensure cost-effective and sustainable supply of materials for its projects, Quanta Chief Operating Officer Redgie Probst said in the statement.
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