Shoals Technologies Group manufactures electrical balance of system solutions for solar energy projects, focused on promoting reliability, safety and ease of installation. The company went public in January-2021, raising $1.9bn in an IPO, which was upsized due to strong demand and valued the overall company above c$5bn.
Our patent review finds a technology moat to help improve solar competitiveness. This includes plug-and-play electrical connections, guards to secure those connections, accomodating one fuse and more electronics per panel rather than shared across many panels, and discconnect mechanisms that facilitate maintenance. Full details are in the data-file.