Deals Counterparts

Shoals Technologies Group and ON.energy to deploy critical power systems for AI data center operator

Supply Agreement Data Center announced Portland, USA Feb 26, 2026

Shoals Technologies Group and ON.energy announced an agreement to deploy multiple gigawatts of critical power systems into the AI data center market. The agreement brings together two US innovators with complementary strengths in power architecture and execution.

Deal Analysis

Shoals Technologies Group and ON.energy have announced a supply agreement to deploy multiple gigawatts of critical power systems for an AI data center operator in the USA. This agreement combines Shoals' expertise in electrical balance of system (EBOS) solutions with ON.energy's focus on sustainable energy solutions, aiming to provide robust and efficient power infrastructure for the rapidly growing AI data center market. While the financial terms of the deal remain undisclosed, the multi-gigawatt scale suggests a significant commitment to supporting the energy demands of AI applications. This partnership is strategically important as AI data centers require substantial and reliable power. By combining their respective strengths, Shoals and ON.energy are positioning themselves to capitalize on the increasing demand for specialized power solutions within this sector. The deal underscores the growing convergence of energy and technology, with a focus on delivering sustainable and scalable power infrastructure to support the expansion of AI capabilities.
  • Multi-gigawatt deployment indicates a substantial project size.
  • Collaboration between two US innovators in power architecture and sustainable energy.
  • Focus on the rapidly growing AI data center market.
  • Combines expertise in EBOS solutions and sustainable energy development.
Market Context: The data center market, particularly those supporting AI applications, is experiencing rapid growth and increasing power demands. This deal reflects the need for specialized power solutions and the growing importance of sustainable energy practices within the sector.

Source Intelligence

KEY DETAILS

The agreement is to deploy multiple gigawatts of critical power systems into the AI data center market. Quote: "announced an agreement to deploy multiple gigawatts of critical power systems into the AI data center market."

Location
scaling our production capacity as we expand into our ~638,000 square foot manufacturing campus in Portland, TN
Announcement
February 26, 2026
PARTIES MENTIONED IN SOURCE
S
Shoals Technologies Group seller

"Shoals Technologies Group and ON.energy to deploy critical power systems for leading AI data center operator"

O
ON.energy seller

"Shoals Technologies Group and ON.energy to deploy critical power systems for leading AI data center operator"

S
Shoals Technologies Group developer

"Shoals Technologies Group, Inc. (“Shoals”) (NASDAQ: SHLS), a global leader in electrical infrastructure solutions for the energy transition market, and ON.energy, a developer of custom grid-safe power architecture, announced an agreement to deploy multiple gigawatts of critical power systems into the AI data center market."

O
ON.energy developer

"Shoals Technologies Group, Inc. (“Shoals”) (NASDAQ: SHLS), a global leader in electrical infrastructure solutions for the energy transition market, and ON.energy, a developer of custom grid-safe power architecture, announced an agreement to deploy multiple gigawatts of critical power systems into the AI data center market."

high quality Enriched Feb 26, 2026

Timeline

Announced
Feb 26, 2026
Signed
Closed

Market Context

This deal is part of the Data Center sector in USA.
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Data Center deals
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deals in USA
1 of 131 Data Center deals tracked this month · Updated daily

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