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Shoals Announces Partnership with UUES for Solar Solutions in Saudi Arabia

Sep 04, 2024

Contract Type

partnership

PortlandEnergyRenewable EnergySolarSemiconductors

Description

Shoals Technologies Group, Inc. has executed a non-binding memorandum of understanding (MoU) with UUES to work together in developing localized solar solutions for the Kingdom of Saudi Arabia and the region. The partnership aims to accelerate the development of up to 130 GW of renewable power generation, with a focus on solar power.

Company Information

Company

Shoals Technologies Group

Location

1400 SHOALS WAY

Portland, Tennessee, United States

About

Shoals Technologies Group, Inc. is a leading provider of electrical balance of systems (EBOS) solutions for solar, energy storage, and eMobility. 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, Inc. is a recognized leader in the renewable energy industry whose solutions are deployed on over 20 GW of solar systems globally.

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What this usually means
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.