Shoals and ON.energy Advance U.S. Manufacturing for the Nation’s Largest 1.1 GW Grid-Connected Battery Project at Hyperscale Data Center
Rhea-AI Summary
Shoals Technologies Group (Nasdaq: SHLS) announced that manufacturing and deliveries are underway for a 1.1 GW hyperscale data center project with ON.energy, which is expected to be the largest grid-connected battery installation in the U.S. Shoals has shipped a significant number of its PowerHub units for the project’s initial phase and plans to manufacture about 360 PowerHub systems at its Tennessee Mega facility. Initial phase deliveries are complete, with commissioning expected to begin in early Q4. Shoals and ON.energy have also expanded their collaboration to support multiple additional project sites across the United States.
Positive
- 1.1 GW project expected to be largest grid-connected battery installation in U.S.
- ~360 PowerHub systems to be manufactured at Tennessee Mega facility for initial phase
- Initial phase deliveries complete with commissioning expected to start in early Q4
- Domestic manufacturing supports large-scale AI data center power infrastructure
- Expanded collaboration with ON.energy for multiple additional U.S. project sites
Negative
- None.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Aug 04 | Q2 earnings report | Neutral | -1.6% | Revenue and backlog growth contrasted with lower gross margin, net income, and diluted EPS. |
| Aug 03 | Energy storage partnership | Positive | +7.2% | Shoals signed an MOU supporting TerraFlow’s future energy storage deployment plan. |
| Jul 30 | Investor events | Neutral | +12.1% | Shoals announced participation in investor events scheduled from August 6 through October 9. |
| Jul 08 | Earnings date announcement | Neutral | -2.6% | Shoals scheduled its second-quarter earnings release and conference call for August 4. |
| Jun 25 | ITC determination | Positive | -8.7% | The ITC found a Section 337 violation and issued a limited exclusion order. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Partnership and investor-event announcements were followed by gains, while the recent earnings and ITC updates were followed by declines.
Key Terms
hyperscale data center technical
medium-voltage technical
dc electrical architecture technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
PORTLAND, Tenn., Aug. 18, 2026 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (“Shoals”) (Nasdaq: SHLS), a global leader in electrical infrastructure solutions for the energy transition market, today announced that manufacturing and deliveries are underway for a 1.1 GW hyperscale data center project under its commercial relationship with ON.energy, a developer of grid-safe power architecture for AI data centers. Once complete, the project will be the largest grid-connected battery installation in the United States.
Shoals has shipped a significant number of its PowerHub™ units for the initial phase of the project. Integrated with ON.energy’s patented medium-voltage AI UPS™, PowerHub provides a scalable DC electrical architecture designed to support the reliable and efficient deployment of critical power infrastructure for AI data centers.
For the initial phase of the project, Shoals expects to manufacture approximately 360 PowerHub systems at its Tennessee Mega facility. Deliveries to the first phase of the project are complete, and project commissioning is expected to begin in early Q4. Deliveries to additional phases of the project are on schedule and underway, demonstrating Shoals’ ability to support large-scale infrastructure projects with domestic manufacturing.
“We spend a lot of time talking about growth opportunities in the market, but this is what execution looks like,” Brandon Moss, CEO of Shoals noted. “Our teams in Tennessee are building, testing, and shipping products that are going directly into mission-critical energy infrastructure. This milestone is about more than one project. It shows our ability to manufacture at scale and deliver for customers.”
“AI campuses need grid-safe power systems as the industry works to bring unprecedented levels of new capacity online,” said Dax Kepshire, Chief Operating Officer of ON.energy. “We selected Shoals because of its proven track record in DC electrical systems and its ability to scale US-manufacturing rapidly to support the speed and scale the industry requires. Together, ON.energy and Shoals are delivering the largest battery project in the United States, in record time.”
Beyond the initial deployment, Shoals and ON.energy have expanded their collaboration to support multiple additional projects sites throughout the United States.
“This is exactly the kind of progress we want to see: projects moving from design toward deployment,” added Moss. “The initial project, together with the additional opportunities we are pursuing with ON.energy, reflects the commercial potential of the relationship and the growing need for scalable power infrastructure serving AI data centers. We believe this work provides a strong foundation for continued collaboration.”
About Shoals Technologies Group
Shoals Technologies Group is a leading manufacturer of advanced electrical infrastructure solutions for mission critical applications across utility scale solar, battery storage, and data center power systems. Since its founding in 1996, the Company has designed innovative technologies and systems solutions that allow its customers to substantially increase installation efficiency and safety while improving system performance and reliability at scale. Shoals Technologies Group is a recognized leader in the energy transition industry. For additional information, please visit: https://www.shoals.com.
Forward-Looking Statements:
This press release contains forward-looking statements. All statements other than statements of historical fact are “forward-looking statements” for purposes of federal and state securities laws. Words, and variations of words, such as “will,” “may,” “expect,” “would,” “could,” “might,” “intend,” “plan,” “believe,” “likely,” “estimate,” “anticipate,” “objective,” “predict,” “project,” “drive,” “seek,” “aim,” “target,” “potential,” “commitment,” “outlook,” “continue,” “goal” or any other similar words are intended to identify our forward-looking statements. Although we believe that the expectations and assumptions reflected in any of our forward-looking statements are reasonable, actual results or outcomes could differ materially from those projected or assumed in any of our forward-looking statements. Our future financial condition and results of operations, as well as any forward-looking statements, are subject to change and to inherent risks and uncertainties, many of which are beyond our control, which could cause our actual results to differ materially from those indicated in these forward-looking statements. We disclaim and do not undertake any obligation to update or revise any forward-looking statement in this presentation except as required by applicable law or regulation. For important information on forward-looking statements, please see our most recent earnings release for Q2 2026 on our investor website at https://investors.shoals.com.
Shoals Media Relations
Lindsey Williams, VP of Marketing and External Communications
Lindsey.williams@shoals.com
Shoals Investor Relations
Matt Tractenberg, VP of Finance and Investor Relations
investors@shoals.com
