- Shoals Technologies Group, Inc SHLS has secured a 120 MW contract to supply its BLA+ solution to a utility-scale solar project in Western Australia. The financial terms were not disclosed.
- The company's BLA+ system is installed entirely above ground, allowing the client to bypass the difficult and often costly process of trench digging in Western Australia.
- The company expects to complete the deliveries for the project by 4Q23.
- "Our ability to deploy BLA+ above ground and with fewer materials simplifies the construction process and significantly reduces time and cost, making this utility-scale project even more economical for our client," commented Ben Macias, Chief Revenue Officer at Shoals.
- Price Action: SHLS shares traded lower by 2.02% at $22.82 on the last check Tuesday.
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