Shoals Technologies Group and ON.energy to Deploy Critical-Power Systems for Leading AI Data-Center Operator

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, today announced an agreement to deploy multiple gigawatts of critical power systems into the AI data center market. AI and cloud workloads are accelerating data center growth and raising the bar for power reliability, build speed, and operational continuity. This agreement brings together two U.S. innovators with complementary strengths in power architecture and execution. “AI data centers don’t just need more power. They need a power architecture that’s predictable under stress, fast to deploy, and designed to interact with the grid,” said Alan Cooper, CEO of ON.energy. “By pairing our medium-voltage AI UPS™ platform with Shoals’ DC Recombiner, we’re delivering a simpler, more scalable path to resilient backup power, one that protects uptime and helps data centers become grid assets as they grow.”

PORTLAND, Tenn
February 24, 2026
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Shoals Technologies Group
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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, today announced an agreement to deploy multiple gigawatts of critical power systems into the AI data center market. AI and cloud workloads are accelerating data center growth and raising the bar for power reliability, build speed, and operational continuity. This agreement brings together two U.S. innovators with complementary strengths in power architecture and execution. “AI data centers don’t just need more power. They need a power architecture that’s predictable under stress, fast to deploy, and designed to interact with the grid,” said Alan Cooper, CEO of ON.energy. “By pairing our medium-voltage AI UPS™ platform with Shoals’ DC Recombiner, we’re delivering a simpler, more scalable path to resilient backup power, one that protects uptime and helps data centers become grid assets as they grow.”

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About ON.energy

ON.energy is building the backbone of energy and AI infrastructure, powering grid-safe data centers and mission-critical facilities. The company supplies and operates hyperscale power systems that solve the toughest resilience challenges, delivering custom solutions for AI data centers, mission-critical facilities, and front-of-the-meter assets. Its track record spans industrial, manufacturing, infrastructure, transportation, and grid-scale storage. With patented technology and proprietary software, ON.energy develops projects worldwide that set new benchmarks for resilience.