en.Wedoany.com Reported - U.S. solar photovoltaic and energy storage system component manufacturer Shoals has officially inaugurated a new electrical balance of systems (eBOS) manufacturing base in Portland, Tennessee.

This 638,000-square-foot "mega factory" will be used to produce electrical balance of systems (eBOS) products for photovoltaic, energy storage, and data center projects. The facility has received an investment of $30 million, with the company planning to invest a total of $80 million over the next five years.

The manufacturing base consolidates Shoals' three previous manufacturing sites in Tennessee into a single location, a move the company says can "significantly" expand eBOS production capacity and enhance automation levels and operational efficiency in production and packaging processes.

Shoals Technologies Group CEO Brandon Moss stated: "As demand for energy infrastructure continues to accelerate, this new mega factory enables Shoals to scale in tandem with our customers and meet the needs of a rapidly evolving energy landscape." He also mentioned: "By expanding our domestic manufacturing footprint and increasing production capacity, we are strengthening the U.S. energy supply chain, enabling faster and more efficient energy deployment."

The company also announced its financial results for the first quarter of 2026. Quarterly revenue was $140.6 million, a 74.9% increase compared to the same period in 2025. Shoals noted that this performance was "driven by strong underlying product demand, the effectiveness of market share capture initiatives, and an increase in the number of projects this year."

Gross profit was $41 million, with gross margin declining to 29.2%, compared to 35% in Q1 2025. The company explained that the margin contraction was due to $3.8 million in additional tariffs compared to the prior year period, $1.4 million in new right-of-use asset amortization from the activation of the consolidated operating facility, and rising material costs.

Adjusted EBITDA was $21.1 million, compared to $13.5 million in the same period last year.

Earlier this year, Shoals became involved in a patent lawsuit with manufacturer Voltage Energy over its "Big Lead Assembly" (BLA) solution within its eBOS product line. This solution is an aluminum busway system integrating cable assemblies, combiner boxes, and fuses, forming part of the electrical balance of systems. PV Tech analyzed the impact of this dispute in February after both parties claimed victory (subscription required).

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