US solar PV and energy storage system component manufacturer, Shoals, has opened a new manufacturing facility in Portland, Tennessee.
The 638,000-square-foot “Mega Facility” will be used to produce Shoals’ electronic balance of system (eBOS) products for solar PV, energy storage, and data-centre related projects. The facility is backed by a US$30 million investment, with a total planned commitment of US$80 million over the coming five years.
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The site is a consolidation of Shoals’ three existing manufacturing facilities in Tennessee into one location, which the company said would enable it to “significantly” expand production capacity, increase automation in production and packing and increase efficiency.
“As demand for energy infrastructure continues to accelerate, this new Mega Facility allows Shoals to scale alongside our customers and meet the needs of a rapidly evolving energy landscape,” said Brandon Moss, chief executive officer at Shoals Technologies Group. “By expanding our domestic manufacturing footprint and bringing increased capacity, we are strengthening the American energy supply chain and enabling faster, more efficient energy deployment.”
Shoals Q1 financial results
The company also announced its financial results for the first quarter of 2026. It recorded quarterly revenues of US$140.6 million, a 74.9% increase on the equivalent period in 2025. This was “driven by strong underlying demand of products, the impact of market share capture initiatives, and an increase in volume of projects in the current year,” Shoals said.
Gross profit was US$41.0 million, with a margin of 29.2% – down from 35% in Q1 2025. “The decrease in margin is attributable to US$3.8 million in additional tariffs paid in comparison to the prior-year quarter, an increase of US$1.4 million in right-of-use asset amortisation arising from the opening of our consolidated operations facility, along with an increase in material costs,” the company explained.
Adjusted EBITDA was US$21.1 million, compared with US$13.5 million in the prior-year period.
Earlier this year, Shoals was involved in a patent litigation dispute with fellow manufacturer Voltage Energy over Shoals’ ‘big lead assembly’ (BLA) solution, an aluminium trunk bus system that combines cable assemblies, combiner boxes and fusing. PV Tech explored the implications of the dispute in February, after both parties appeared to claim victory (subscription required).
