Shoals Results Presentation Deck

WHAT THE INDUSTRY SAYS ABOUT US 43% Lower Installation Cost 20% Lower Material Cost (1) (1) (1) Cost savings and customer feedback based on GRAPH survey of 120 solar industry participants. Figures represent median of responses. shoals Shoals has the better mousetrap... You don't need licensed electricians which is huge - Project Manager, Solar Developer On projects of 100MW, it's a seven-figure swing [versus 99 homerun]. I really can't think of a reason we wouldn't use BLA - Director of Construction, EPC/Developer The BLA is driving costs out and improving reliability - it's the big players that are leading the charge, switching to BLA, and more people seem to be doing it all the time - Vice President, Major Solar EPC 66 I've been to [Shoals'] facility and they're incredible from a manufacturing standpoint... I think they actually exceed six sigma - Engineer, EPC I deal with 100 vendors and Shoals has to be the top 5%. They provide really good technical service - Site Operations, Public Utility 66 I honestly have not seen a single competitor come close to Shoals - Director of Construction, Major EPC and Developer Ⓒ2022 Shoals Technologies Group 99 22

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