Shoals Technologies Group, Inc.
Maker of electrical balance-of-system components used to wire and connect solar power and battery energy-storage systems.
From the annual report
Shares of our Class A common stock trade on the Nasdaq Global Market under the symbol, SHLS . Overview Shoals Technologies Group is a leading design-engineering company and manufacturer of advanced electrical infrastructure solutions for mission critical applications across solar photovoltaic (PV), BESS, and data center power systems. Our solutions also support original equipment manufacturers ( OEMs ). Since its founding in 1996, the Company has introduced innovative technologies and systems solutions that allow its customers to substantially increase installation efficiency and safety while improving system performance and reliability at scale. In the solar industry, electrical infrastructure is referred to as electrical balance of systems (EBOS). EBOS encompasses all of the components that are necessary to carry the electric current produced by solar panels or stored by a BESS solution to an inverter and ultimately to the power grid. We refer to complete EBOS solutions that use products manufactured by us, typically in connection with the design and specification of an entire EBOS system, as system solutions . When we sell one of our patented system solutions, we work closely with our customers to design, specify and engineer a complete EBOS solution tailored to their project. The result is a customized system that maximizes reliability and energy production while minimizing cost and accelerating installation. We also provide technical support during installation and the transition to operations and maintenance.
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