Business
Luminace and Shoals Announce Strategic Agreement to Pursue Distributed Renewable Energy Generation and EV Charging Solutions Across the U.S.
Companies to collaborate on opportunities across solar, storage and EV solutions, as part of broader decarbonation-as-a-service-strategy NEW YORK and
About this update from Shoals Technologies Group, Inc.
[{"type":"text","content":"Companies to collaborate on opportunities across solar, storage and EV solutions, as part of broader decarbonation-as-a-service-strategy\nNEW YORK and PORTLAND, Tenn., Jan. 05, 2022 (GLOBE NEWSWIRE) -- Luminace, the North American decarbonization-as-a-service business of Brookfield Renewable and the largest fully integrated provider of distributed energy solutions to commercial, industrial and public sector customers in the U.S. and Shoals Technologies Group, Inc. (“Shoals”) (Nasdaq: SHLS), a leading provider of electrical balance of systems (“EBOS”) solutions for solar, storage, and electric vehicle (“EV”) charging infrastructure, today announced a strategic agreement to pursue distributed renewable energy generation and EV charging solutions across the U.S. The companies will collaborate on the deployment of renewable energy and EV projects, providing all development, operational and technical solutions at no upfront cost to the customer. Leveraging Luminace’s leading distributed generation platform and Shoals’ leading position in EBOS solutions for solar and EV technology, this collaboration will drive the broader expansion and adoption of renewables and EV charging solutions into the market. \"We are excited to collaborate with Luminace and join forces to bring our customers an unprecedented level of efficiency in the implementation of solar and eMobility projects,\" said Jason Whitaker, Chief Executive Officer of Shoals. \"Together we will leverage our innovative technology and Luminace’s operational expertise to accelerate the adoption of renewables and EV charging infrastructure across the U.S.\" “This collaboration combines the best of Luminace’s high-quality distributed generation platform and Shoals’ leading-edge eMobility solutions to provide comprehensive EV charging, solar, storage and energy efficiency solutions,” said Valerie Hannah, CEO of Luminace. “With the addition of EV charging infrastructure solutions to our toolkit, we are pleased to further advance Luminace’s mission of partnering with customers to provide them with cost-effective, reliable and renewable onsite decarbonization solutions.” \"I’m as convinced now as much as ever that a broad ecosystem is required to meet the transformation of the transportation market,” said Jeff Tolnar, Senior Vice President of eMobility at Shoals. “This relationship has t...