Shoals Technologies Group Announces Commercial Availability and Successful Field Deployments of Snapshot I-V Solar PV Health Monitoring Solutions
July 31 2023 - 8:00AM
Shoals Technologies Group, Inc. (“Shoals” or the “Company”)
(Nasdaq: SHLS), a leading provider of electrical balance of systems
(“EBOS”) solutions for solar, storage, and electric vehicle (EV)
charging infrastructure, today announced its patent pending
Snapshot I-V solar PV health monitoring solutions.
Shoals’ Snapshot I-V is an ecosystem of products
that integrate seamlessly into a solar asset management system. The
solution remotely monitors the health and performance of their PV
modules over the life of the system. PV modules represent the
largest single investment in a solar system, and accurate and
timely performance monitoring is essential to take action in case
of PV module underperformance.
Traditionally, auditing and troubleshooting of
PV modules with currently available I-V curve tracing equipment
requires a labor-intensive, on-site process. Electrical test
equipment must be carried to the solar field and manually set up at
each location, while disconnecting the inverter and losing energy
production. The Snapshot I-V PV health monitoring solution allows
remote performance monitoring of the PV modules at a string level,
without shutting down the inverter. In addition to the PV module
monitoring, Shoals’ solution also collects historical and
peripheral site data, helping customers understand their efficiency
levels and module utilization, both in real time and via time
comparison reports.
The first commercially available solutions in
the Snapshot I-V family will be Snapshot I-V Wireless Meter and
Snapshot I-V Wireless Gateway.
The Snapshot I-V Wireless Meter is a module
level performance monitoring device intended to collect and provide
detailed information regarding efficiency and performance vs.
manufacturers’ predicted module performance over the life of the
project. Sealed in its own weather-tight enclosure, the device
installs on the back of the solar module that powers it. Together
with the Snapshot I-V Wireless Gateway, these devices make up a
flexible system for comprehensive power plant monitoring in
installations with or without combiner boxes.
The Snapshot I-V Wireless Gateway is an embedded
computer with a local area network (LAN) connection and creates a
powerful 2.4 GHz wireless mesh network for solar PV monitoring. The
Gateway acts as the hub for the Snapshot I-V health monitoring
system, collecting data from the external irradiance meter,
Snapshot I-V Wireless Meters, and serves as the integration point
for third party API. The Gateway can communicate with up to 250
Snapshot I-V Wireless Meters.
“The Snapshot I-V family of monitoring solutions
is another example of how Shoals is delivering value to the
utility-scale solar market by providing system operators and asset
managers with access to real time data and insights that allow them
to monitor and optimize the performance and health of their PV
systems,” said Jeff Tolnar, President of Shoals. “With Snapshot
I-V, our customers now have the ability to ensure that their system
is performing to the specifications of the PV manufacturer and
benefit from warranty claims if modules are not performing up to
specifications. We look forward to partnering with our customers to
deploy this innovative ecosystem of PV monitoring and health
solutions, enabling highly effective long-term asset management to
optimize utility-scale systems.”
About Shoals Technologies Group,
Inc.
Shoals Technologies Group, Inc. is a leading
provider of electrical balance of systems (EBOS) solutions for
solar, storage, and electric vehicle charging infrastructure. Since
its founding in 1996, the Company has introduced innovative
technologies and systems solutions that allow its customers to
substantially increase installation efficiency and safety while
improving system performance and reliability. Shoals Technologies
Group, Inc. is a recognized leader in the renewable energy industry
whose solutions are deployed on over 62 GW of solar systems
globally. For additional information, please visit:
https://www.shoals.com/.
Forward Looking Statements
This press release contains forward looking
statements, including statements regarding the initial public
offering. These statements are not historical facts but rather are
based on the Company’s current expectations and projections
regarding its business, operations and other factors relating
thereto. Words such as “may,” “will,” “could,” “would,” “should,”
“anticipate,” “predict,” “potential,” “continue,” “expects,”
“intends,” “plans,” “projects,” “believes,” “estimates” and similar
expressions are used to identify these forward-looking statements.
These statements are only predictions and as such are not
guarantees of future performance and involve risks, uncertainties
and assumptions that are difficult to predict. Actual results may
differ materially from those in the forward-looking statements as a
result of a number of factors, including those in the Company’s
registration statement filed with the Securities and Exchange
Commission.
Contacts:
Investors:Email: Dhaval.patel@shoals.comPhone:
615-323-9836
Media: Email: media@shoals.com
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