balance of system

US solar balance of systems (BOS) solutions provider Shoals Technology Group reported a record Q2 revenue increase of 38% on last year, bringing the total to US$59.7 million. Its system solutions grew 62% year-on-year and contributed an increased share of last quarter’s revenue compared with the same period the year before

Solar balance of systems (BOS) provider Shoals Technologies has benefited from “robust demand” for its products in the US, as the company completed its first quarter as a public company.

The US Department of Energy (DOE) has earmarked US$128 million to invest in research and development in a bid to bring the cost of utility-scale solar power down by 60% in 10 years.

Solar Balance of System (BOS) solutions provider Shoals Technologies has celebrated a “record year” in which revenues grew 21%, placing various post-IPO targets firmly in its crosshairs for 2021.

Shoals Technologies Group, an electrical balance of systems (BOS) solutions provider for solar and storage projects, has announced the launch of its Initial Public Offering (IPO).

The market for power conversion systems (PCS) used in energy storage is becoming “increasingly crowded” with competitors, while the diverse field of players will contribute to “rapid technological innovations and price reductions”, Navigant Research has said.

Adding energy storage gives solar developers and the industry in general the ability to “keep going”, while offering both lithium and flow battery systems covers a “wide-range of use cases”, NEXTracker CEO Dan Shugar has said.

The mounting manufacturing spin-off company of major Chinese EPC Northman has entered the US market.

HeliosLite's disruptive PV tracking solution boasts higher energy output than single axis horizontal trackers and brings cost effective tracking to decentralised PV plants.

Canadian Solar has introduced a new suite of 1500V system voltage monocrystalline and multicrystalline solar modules in 60-cell and 72-cell configurations as well as a T4 field-installable PV connector portfolio for commercial and utility-scale PV power plants. The products were launched at Intersolar North America 2016.