StockWatch
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Semiconductors
ExpansionMay 19, 2026, 10:13 AM

Shoals Opens New 638,000 Sq Ft Mega Facility with $30M Investment

AI Summary

Shoals Technologies Group, Inc. announced the grand opening of its new 638,000-square-foot Mega Facility in Portland, Tennessee, backed by a $30 million investment with a commitment of up to $80 million over five years. This expansion consolidates three existing facilities, significantly increasing domestic manufacturing capacity for solar, battery energy storage systems, and data center infrastructure. The milestone also commemorates the company's 30th anniversary and included a $20,000 donation to Hands of Hope, supporting the local community.

Key Highlights

  • Opened new 638,000 sq ft Mega Facility in Portland, Tennessee.
  • Backed by a $30 million investment, with up to $80 million committed over five years.
  • Expands domestic manufacturing capacity for solar, BESS, and data centers.
  • Consolidates three existing Tennessee facilities into one centralized location.
  • Coincides with Shoals' 30th anniversary.
  • Donated $20,000 to Hands of Hope for community support.