STV Targets Power Surge and Tech Growth in New Strategic Plan

NEW YORK, NY – February 19, 2026 – Veteran engineering and professional services firm STV today launched “Performance Accelerated,” an ambitious three-year strategic plan designed to capitalize on the seismic shifts reshaping North American infrastructure. The 2026–2028 strategy signals a concentrated effort to expand into high-growth sectors, particularly power services, while doubling down on technological innovation and talent development to meet evolving client demands.

The plan builds on the momentum of the firm's previous 2023–2025 strategy, which successfully diversified its market share and enhanced operational efficiencies. This new chapter, however, is a direct response to a landscape being redefined by unprecedented power demand, ongoing supply chain reorganization, and a market that increasingly values speed, certainty, and technological sophistication.

“Our strategy reflects the forces reshaping infrastructure today while positioning STV to accelerate our performance and bring our clients the clarity needed to navigate complex challenges,” said Greg Kelly, CEO at STV, in the company’s announcement. “This plan also aligns our expertise, technology and talent so STV stands out as the leading firm that delivers the confidence our clients rely on to make the impact that matters most to our communities.”

The firm's strategy is structured around three core pillars: Expand STV’s Business, Elevate STV’s People, and Evolve STV’s Operations.

The New Energy Battleground

At the heart of STV's growth ambitions is a strategic pivot toward the burgeoning power services market. The plan's emphasis on developing capabilities in this area is a direct response to what industry analysts describe as a historic surge in electricity demand across the continent. This surge is not a gradual increase but a tidal wave driven by the explosive growth of data centers, the reshoring of advanced manufacturing, and the mass electrification of transportation and buildings.

Recent industry forecasts are stark. U.S. electricity demand is projected to climb as much as 25% by 2030, with some estimates suggesting it could nearly double by 2050. The primary driver is the proliferation of data centers needed to power artificial intelligence and cloud computing. Global data center electricity consumption is on track to more than double by 2030, potentially consuming as much power as the entire nation of Japan. In the United States alone, data centers could account for nearly half of all new electricity demand growth within the next five years.

STV’s plan to “expand in high-demand markets” and “strengthen private-sector client relationships” appears tailor-made for this new reality. By building out its power services expertise, the firm is positioning itself to advise, design, and engineer the critical infrastructure—from new generation sources to grid modernization and transmission projects—required to support this unprecedented demand. This focus aligns STV with major federal initiatives like the Infrastructure Investment and Jobs Act (IIJA) and the Inflation Reduction Act (IRA), which are funneling billions into grid modernization and clean energy projects.

Evolving Operations on a Foundation of Innovation

While the expansion into power services represents a major growth target, STV's plan also emphasizes internal transformation through its “Evolve STV’s Operations” pillar. This is not about starting from scratch but about accelerating a long-standing commitment to innovation in project delivery. The goal is to harness technology and refine methodologies to deliver projects faster and more efficiently—a direct answer to changing client expectations in a market plagued by supply chain volatility and schedule pressures.

For over four decades, STV has been a proponent of alternative project delivery methods. The firm is a recognized leader in design-build, a collaborative approach that integrates the design and construction phases under a single contract to streamline projects. This expertise is more valuable than ever, as design-build and its variants are projected to account for over 47% of all U.S. construction spending by 2028, dominating sectors like manufacturing and transportation.

The new strategy aims to build on this foundation by further integrating cutting-edge technology. The firm has already established a Digital Delivery practice specializing in Project Management Information Systems (PMIS), Virtual Design and Construction (VDC), and Building Information Modeling (BIM). These tools allow for the creation of sophisticated digital twins of physical assets, enabling better collaboration, proactive risk management, and data-driven decision-making throughout a project's lifecycle. By promising to “harness technology” and “accelerate schedules,” STV is signaling to clients that it can provide the certainty and speed required to navigate today’s complex construction environment.

The Competitive Landscape and the War for Talent

The third pillar, “Elevate STV’s People,” acknowledges a fundamental truth of the professional services industry: the primary asset is human expertise. The plan's commitment to investing in training and skills development is crucial for executing its ambitious growth and technology goals. However, this initiative is also taking place within a fiercely competitive landscape.

STV is not alone in identifying these megatrends. Its primary competitors, including global giants like AECOM and WSP, have announced similar strategic priorities. WSP’s 2025-2027 plan, for example, explicitly targets the Energy Transition, Digital, and Advanced Manufacturing sectors, while AECOM is heavily focused on sustainability, digital transformation, and capturing work from federal infrastructure programs. This industry-wide alignment creates an intense “war for talent,” where firms compete for the engineers, data scientists, and project managers capable of delivering the next generation of infrastructure.

With over 3,300 employees, STV is a formidable player but operates on a different scale than competitors who boast workforces of 50,000 or more. This positions STV to compete not on sheer size, but on agility, deep technical excellence in niche areas, and a local-first approach backed by national expertise. The success of its “Performance Accelerated” plan will ultimately depend on its ability to leverage these strengths, proving it can outmaneuver larger rivals in the race to power and rebuild North America.