Shoals Technologies Group and PCL Construction Break Ground on 243 MW Maryvale Solar and Energy Storage Project in Australia
Shoals Technologies Group (NASDAQ: SHLS) has announced groundbreaking on the Maryvale Solar and Energy Storage Project in New South Wales, Australia, in partnership with PCL Construction and Gentari. The project represents eastern Australia's first large-scale DC-coupled solar and battery energy storage system.
The facility will deliver 243 MW of solar generation capacity combined with 172 MW of battery storage. Shoals will provide its advanced electrical balance of system solutions, including string harnesses, SuperJumpers, and Super Combiners. Construction has begun with commercial operations expected to start in early 2027.
Shoals Technologies Group (NASDAQ: SHLS) ha dato il via ai lavori per il Maryvale Solar and Energy Storage Project nel New South Wales, Australia, in collaborazione con PCL Construction e Gentari. Si tratta del primo grande impianto DC-coupled di energia solare e accumulo dell鈥橝ustralia orientale.
La struttura offrir脿 243 MW di capacit脿 di generazione solare abbinati a 172 MW di accumulo su batteria. Shoals fornir脿 soluzioni avanzate per l鈥檈quilibrio elettrico del sistema (BoS), inclusi string harness, SuperJumpers e Super Combiners. I lavori sono iniziati e l鈥檈ntrata in esercizio commerciale 猫 prevista per l鈥檌nizio del 2027.
Shoals Technologies Group (NASDAQ: SHLS) ha anunciado el inicio de obras del Maryvale Solar and Energy Storage Project en Nueva Gales del Sur, Australia, en asociaci贸n con PCL Construction y Gentari. El proyecto es el primer sistema a gran escala DC-coupled de energ铆a solar y almacenamiento en el este de Australia.
La instalaci贸n proporcionar谩 243 MW de capacidad de generaci贸n solar junto con 172 MW de almacenamiento en bater铆as. Shoals suministrar谩 sus avanzadas soluciones de balance el茅ctrico de sistema, incluyendo string harnesses, SuperJumpers y Super Combiners. La construcci贸n ya ha comenzado y se espera que las operaciones comerciales comiencen a principios de 2027.
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頃措嫻 鞁滌劋鞚� 243MW鞚� 韮滌枒甏� 氚滌爠 鞖╇焿瓿� 172MW鞚� 氚绊劙毽� 鞝�鞛� 鞖╇焿鞚� 鞝滉车頃� 鞓堨爼鞛呺媹雼�. Shoals電� 鞀ろ姼毵� 頃橂媹鞀�(string harnesses), 鞀堩嵓鞝愴嵓(SuperJumpers), 鞀堩嵓 旎る皵鞚措剤(Super Combiners)毳� 韽暔頃� 瓿犼笁 鞝勱赴鞝� 鞁滌姢韰� 攴犿槙(BOS) 靻旊（靺橃潉 瓿店笁頃╇媹雼�. 瓿奠偓電� 鞁滌瀾霅橃棃鞙茧┌ 靸侅梾 鞖挫榿鞚� 2027雲� 齑�搿� 鞓堨爼霅橃柎 鞛堨姷雼堧嫟.
Shoals Technologies Group (NASDAQ: SHLS) a annonc茅 le lancement des travaux du Maryvale Solar and Energy Storage Project en Nouvelle-Galles du Sud, Australie, en partenariat avec PCL Construction et Gentari. Le projet constitue le premier syst猫me solaire et de stockage par batteries DC-coupl茅 脿 grande 茅chelle de l鈥檈st de l鈥橝ustralie.
L鈥檌nstallation fournira 243 MW de capacit茅 de production solaire associ茅s 脿 172 MW de stockage par batteries. Shoals fournira ses solutions avanc茅es d鈥櫭﹒uilibre 茅lectrique du syst猫me (BoS), incluant les string harnesses, SuperJumpers et Super Combiners. La construction a commenc茅 et le d茅marrage des op茅rations commerciales est attendu au d茅but de 2027.
Shoals Technologies Group (NASDAQ: SHLS) hat den Baubeginn des Maryvale Solar and Energy Storage Project in New South Wales, Australien, in Zusammenarbeit mit PCL Construction und Gentari bekannt gegeben. Das Projekt ist das erste gro脽skalige DC-gekoppelte Solar- und Batteriespeichersystem in Ost-Australien.
Die Anlage wird 243 MW Solarerzeugungskapazit盲t zusammen mit 172 MW Batteriespeicher bereitstellen. Shoals liefert seine fortschrittlichen elektrischen Balance-of-System-L枚sungen, darunter string harnesses, SuperJumpers und Super Combiners. Der Bau hat begonnen; der kommerzielle Betrieb ist f眉r Anfang 2027 geplant.
- Project represents first large-scale DC-coupled solar and battery system in eastern Australia
- Strategic entry into Australian market, which targets 82% renewable electricity by 2030
- Partnership with established players PCL Construction and Gentari strengthens market position
- Long timeline to commercial operations (early 2027) may delay revenue recognition
Insights
Shoals' involvement in Australia's 243MW Maryvale project strengthens its international presence and supports recurring revenue through EBOS solutions.
The Maryvale Solar and Energy Storage Project represents a significant international opportunity for Shoals Technologies Group in Australia's rapidly expanding renewable energy market. With Australia targeting 82% renewable electricity by 2030, this project positions Shoals strategically in a growth market with substantial solar deployment potential.
The 243 MW solar facility paired with 172 MW of battery storage showcases Shoals' ability to support advanced DC-coupled systems - an important technical configuration that allows for more efficient energy capture and storage integration. This project's scale demonstrates market validation of Shoals' EBOS solutions in utility-scale applications beyond their home U.S. market.
From a product perspective, Shoals is supplying their high-margin core offerings - string harnesses, SuperJumpers, and Super Combiners - which represent their differentiated, proprietary technology. These components typically deliver stronger margins than commodity electrical products and help establish recurring revenue relationships.
The partnership with PCL Construction and Gentari expands Shoals' international channel relationships, potentially opening doors to additional projects in the Asia-Pacific region. With operations expected to begin in early 2027, this represents a multi-year revenue opportunity during the construction phase.
This project's significance lies in its pioneering status as one of Australia's first large-scale DC-coupled solar and battery systems, positioning Shoals at the forefront of advanced renewable infrastructure deployment in a rapidly evolving market with substantial growth potential.
First Large-Scale DC-Coupled Solar and Battery Energy Storage System in the Region
PORTLAND, Tenn., Aug. 18, 2025 (GLOBE NEWSWIRE) -- Shoals Technologies Group, Inc. (Shoals) (Nasdaq: SHLS), a global leader in electrical balance of system (EBOS) solutions for the energy transition market, announced the official groundbreaking of the Maryvale Solar and Energy Storage Project in partnership with PCL Construction (PCL) and clean energy solutions provider, Gentari.
Australia has set ambitious targets to generate聽
鈥淲e are thrilled to shape the future of energy with partners who share our values and vision,鈥� Gopi Govindraj, PCL Country Manager, Australia, stated. 鈥淥ur collaboration with Shoals is driving a milestone achievement in renewable energy infrastructure. Together, we are delivering eastern Australia's first utility scale DC-coupled solar and battery hybrid system, blending technical innovation with a shared drive to accelerate the clean energy transition. Partnerships like this are how we create meaningful change, building smarter infrastructure and brighter futures for the communities we serve.鈥�
Gentari serves as the project owner and visionary force behind the Maryvale Solar and Energy Storage Project. As a leading clean energy solutions provider in the Asia-Pacific region, Gentari is committed to accelerating the global transition to net-zero emissions.
鈥淲e are proud to partner with PCL Construction and Gentari on this landmark project,鈥� said Jeff Tolnar, President at Shoals. 鈥淭he Maryvale project marks a significant milestone in Australia鈥檚 clean energy journey, showcasing the power of solar and storage integration at scale. By combining Shoals鈥� advanced electrical balance-of-system solutions with the expertise of our partners, we鈥檙e helping to accelerate the deployment of solar and storage projects in the region.鈥�
PCL has commenced construction of the project, with commercial operations expected to begin in early 2027. Once operational, the Maryvale project will contribute to Australia鈥檚 renewable energy targets and provide reliable, dispatchable power to the National Electricity Market.
About Shoals Technologies Group, Inc.
Shoals Technologies Group is a leading provider of electrical balance of systems (EBOS) solutions for the energy transition market. Since its founding in 1996, the Company has introduced innovative technologies and systems solutions that allow its customers to substantially increase installation efficiency and safety while improving system performance and reliability. Shoals Technologies Group is a recognized leader in the renewable energy industry. For additional information, please visit: https://www.shoals.com.
Forward Looking Statements:
This press release contains certain forward-looking statements that are based on the Company鈥檚 management鈥檚 beliefs and assumptions and on information currently available to the Company鈥檚 management.
These forward-looking statements relate to, among other things, the Company鈥檚 execution of its contract related to the Maryvale project and the expected benefits thereofs. Forward-looking statements include statements that are not historical facts and can be identified by terms such as 鈥渁nticipate,鈥� 鈥渂elieve,鈥� 鈥渃ould,鈥� 鈥渆stimate,鈥� 鈥渆xpect,鈥� 鈥渋ntend,鈥� 鈥渕ay,鈥� 鈥減lan,鈥� 鈥減otential,鈥� 鈥減redict,鈥� 鈥減roject,鈥� 鈥渟eek,鈥� 鈥渟hould,鈥� 鈥渨ill,鈥� 鈥渨ould鈥� or similar expressions and the negatives of those terms. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company鈥檚 actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements.
Some of the key factors that could cause actual results to differ from the Company鈥檚 expectations include, among other things: our expansion outside the U.S. could subject us to additional business, financial, regulatory and competitive risks; we have modified, and in the future may modify, our business strategy to abandon lines of business or implement new lines of business; modifying our business strategy could have an adverse effect on our business and financial results; the imposition of trade restrictions, import tariffs, anti-dumping and countervailing duties could adversely affect the amount or timing of our revenue, results of operations or cash flows; and amounts included in our backlog and awarded orders may not result in actual revenue or translate into profits.
These and other important risk factors are described more fully in the Company鈥檚 most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q and other documents filed with the Securities and Exchange Commission and could cause actual results to vary from expectations. Given these uncertainties, you should not place undue reliance on forward-looking statements. Also, forward-looking statements represent the Company鈥檚 management鈥檚 beliefs and assumptions only as of the date of this report. You should read this report with the understanding that the Company鈥檚 actual future results may be materially different from what the Company expects. Except as required by law, the Company assumes no obligation to update these forward-looking statements, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
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