Shoals Bags Contract To Supply BLA+ Solution In Western Australia

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.