Shoals and TerraFlow Sign MOU for Up to 5 GW Annual Energy Storage Deployment
Shoals Technologies (SHLS) has signed a memorandum of understanding (MOU) with TerraFlow Energy to support the deployment of grid-scale energy storage projects. The agreement aligns with TerraFlow's future plan to deploy up to 5 gigawatts annually, and Shoals will supply its technology for these initiatives. This partnership is expected to bolster Shoals' market position in renewable energy infrastructure by securing a significant volume commitment from TerraFlow. It also reflects growing demand for large-scale storage solutions as the clean energy transition accelerates across North America.
Tickers: $SHLS
Topics: Corporate Partnership Energy Storage Grid-Scale Projects