Renewables
Shoals’ Q3 Revenue Up 44%, Announces Merger with ARRAY Technologies
CEII brief
Mercom India reported on 6 Nov 2026: Shoals’ Q3 Revenue Up 44%, Announces Merger with ARRAY Technologies.
Read the full story on Mercom IndiaShoals Technologies Group, a manufacturer of electrical infrastructure solutions for utility-scale solar, battery storage, and data center power systems, posted revenue of $195.3 million in the third quarter (Q3) of 2026, up 43.8% year over year (YoY) from $135.8 million.
Context from CEII
Renewables are the fastest-growing part of the world’s energy system. The COP28 goal is to triple capacity by 2030, and solar mini-grids are the fastest route to power for millions of people without electricity.
27.8% of electricity in the world was renewable in 2021Original reporting © Mercom India. Headline and excerpt quoted with attribution; the full article is available on the publisher’s site. CEII’s context is the Centre’s own and does not represent the publisher.
