Shoals and Array to merge in solar balance-of-system deal

· Energy · United States

Shoals and Array have announced a merger plan aimed at creating a one-stop shop for solar and battery storage installations, combining electronic balance-of-system and tracker products into a single business. Under the proposed structure, Shoals shareholders are expected to own roughly 65% of the merged company. The tie-up brings together two suppliers of the components that sit around solar panels and batteries, a segment where installers increasingly want fewer vendors and integrated offerings. Financial terms were not disclosed in the report, and the transaction will need the usual approvals before closing.

Why it matters：Consolidation among balance-of-system suppliers reflects pressure on solar installers to cut vendor complexity and cost as margins tighten.

Key points

  • Shoals shareholders would own about 65% of the combined company.
  • The deal combines EBOS and tracker products.
  • It targets solar and battery storage installations.

Sources (original reporting)

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