Shoals Technologies, Brookfield Renewable announces strategic partnership

Shoals Technologies (SHLS) and Brookfield Renewable (BEP) announced a strategic partnership to introduce an innovative Charging-as-a-Service, CaaS, solution for electric vehicle, EV, charging infrastructure. This new product offering eliminates large up-front payments and enables streamlined deployment of charging networks for fleets, retail, multi-unit dwellings, and other large commercial properties. Building on previous collaborations between Shoals and Brookfield, this strategic partnership brings together Brookfield’s global scale as one of the largest fully integrated providers of distributed energy and renewable power solutions with Shoals’ industry-leading Fuel by Shoals product offering, an above-ground EV charging infrastructure solution that reduces installation time and labor requirements while offering charger flexibility. Together, Shoals and Brookfield provide significant commercial, technical, and financing expertise to deliver full-service, end-to-end solutions for customers. "This collaboration will lower the barrier of entry to the EV charging space by making infrastructure deployments less costly and more efficient," said Jeff Tolnar, President of Shoals Technologies. "Coupling Brookfield’s financing and operating expertise with Shoals’ leadership in charging infrastructure, our combined CaaS offering will provide a solution for charge point operators looking to replace the necessary up-front capital investments with payments over time, while enabling faster EV charging deployment with minimal site disruption. We look forward to welcoming other EV charger OEMs, O&M, and EPC counterparties into our ecosystem."