RedCarpetLife
2419
In the world today
Dean Solon

Dean Solon

D. Solon
0% | + $0.00M
$1.59 B ₹ 14,479 Cr
Real Time Net Worth #2419 Ranking as of 21 Feb 2026 By Forbes

More on Dean Solon

Gender

Male

Age

62Y

Country

United States

Born On

January, 1964

Deceased

No

Relationship Status

Unknown

Children

Unknown

Education

Unknown

Designation Info :

Self-Made

Yes

Entrepreneur Type

Self-Made (Solar Components)

Primary Organization

Shoals Technologies Group

Titles

Founder & CEO

Sources of Wealth

Shoals Technologies Group

Industry

Energy, Manufacturing, Technology

About Dean Solon


D ean Solon is a self-made American billionaire who is the founder and CEO of Shoals Technologies Group, a leading manufacturer of electrical balance of system (EBOS) solutions for solar energy projects. An electrician by trade, Solon started his career by founding a company that provided services to the automotive industry. He later identified a major opportunity in the nascent solar power industry.

He founded Shoals in 1996 and pioneered the development of pre-fabricated, plug-and-play electrical systems for large-scale solar farms. These systems, which include cabling, combiners, and connectors, dramatically reduce the cost and complexity of wiring a solar project, a major pain point for developers. This innovation made Shoals a critical supplier to the rapidly growing solar industry. Solon took the company public in a highly successful IPO in 2021, turning his founding stake into a multi-billion dollar fortune.

Advertisement

Quick Reads


  • Founder and CEO of Shoals Technologies Group.
  • A self-made billionaire, he started his career as an electrician.
  • Shoals is a leading supplier of electrical components for large-scale solar projects.
  • His innovation was to create pre-fabricated, easy-to-install wiring systems.
  • Took the company public in a successful IPO in 2021.

Early Life and Background


Dean Solon is an American businessman, the self-made founder and former CEO of Shoals Technologies Group (NASDAQ: SHLS), a major provider of electrical balance of systems (EBOS) for the solar and energy storage industries. His career is defined by his early recognition of the immense, long-term structural demand for specialized components in the burgeoning renewable energy sector.

Solon founded the company in 1996, dedicating his career to designing and manufacturing a diverse range of products—including combiner boxes, junction boxes, wiring, and monitoring solutions—that are essential for the safe and efficient operation of large-scale solar and energy storage projects.

Career Journey of Dean Solon


Dean Solon's career is marked by continuous innovation in solar technology. His strategic vision focused on creating high-quality, reliable system solutions for the utility-scale solar market. His greatest contribution to the industry is the pioneering development of the BLA (Big Lead Assembly) solution—an integrated wire harness that eliminates combiner boxes and significantly reduces installation cost and time for solar projects.

This cost-saving innovation provided Shoals Technologies with a massive competitive edge, leading to its rapid scaling. The company's success attracted major investment, including funds managed by Oaktree Capital Management in 2017, and culminated in a successful IPO on the NASDAQ. Solon's multi-billion dollar fortune is tied to the long-term, massive demand for efficient, reliable components in the global renewable energy transition.

Advertisement

Dean Solon's Timeline


1996:

Founds Shoals Technologies Group (Founding).

Ongoing:

Develops the BLA (Big Lead Assembly) solution (Innovation Milestone).

2017:

Secures a major investment from Oaktree Capital Management (Financial Milestone).

Ongoing:

Shoals Technologies executes its successful IPO (Financial Milestone).

Ongoing:

Continues as Founder, guiding the company's growth in solar and energy storage markets (Executive Oversight).

Major Business Ventures and Investments


Dean Solon's wealth is concentrated in his founding equity and continued leadership role in the publicly traded solar technology firm, Shoals Technologies Group (NASDAQ: SHLS).

  • Shoals Technologies Group (Founder & Former CEO): The core asset, a major provider of Electrical Balance of Systems (EBOS) components for the solar and energy storage industries.
  • BLA Solution (Inventor): The company's key product innovation, an integrated wire harness that reduces installation costs and complexity.
  • Strategic Investment: The company secured a major investment from Oaktree Capital Management, providing resources for global expansion.
  • Global Reach: The company's products have been deployed on over 25 GW of solar projects across North America, Europe, Asia, and Africa.

Advertisement

Philanthropy and Social Impact


Dean Solon's social impact is massive and environmental, stemming from Shoals Technologies' role in driving down the cost of utility-scale solar energy. The company's efficient EBOS solutions make solar projects cheaper and faster to deploy, directly accelerating the global transition to renewable energy.

His personal philanthropy supports various educational and community initiatives. His career provides an inspirational narrative of an entrepreneur who leveraged industrial expertise to become a foundational leader in the multi-billion dollar clean energy supply chain.

Fashion, Style, and Lifestyle


Dean Solon maintains the professional, pragmatic style of an industrial CEO. His attire is consistently formal and high-quality, favoring tailored business suits. His aesthetic is one of stability and confident authority, befitting a multi-billionaire in the essential energy sector.

His luxury is the immense security and financial reward derived from his dominance in the solar supply chain. His life is dedicated to the technical precision and long-term vision of renewable energy infrastructure.

Advertisement

Quotes and Philosophy


“We are very proud of the innovation, performance and reliability we have brought to the solar industry over the past two decades.”

Fun Facts & Trivia


  • He is the founder of Shoals Technologies Group, a major supplier of solar EBOS components.
  • His company's key product, the BLA solution, eliminates combiner boxes and significantly reduces installation cost.
  • The company was founded in 1996.
  • His products have been deployed on over 25 GW of solar projects globally.
  • Shoals secured a major investment from Oaktree Capital Management.
  • The company is a crucial supplier for utility-scale solar and energy storage projects.
  • His wealth is tied to the successful industrialization of renewable energy infrastructure.

Advertisement

More Profiles


John Paulson

+6.02% | +$230.00M

William Ackman

+0.01% | +$0.86M

You May Like


Sources & References


This profile is compiled from verified biographical and financial records:

  • Wealth Data: Real-time tracking and historical data from Forbes Billionaires and the Bloomberg Billionaires Index.
  • Biographical Records: Educational and career history sourced from Reuters, The Wall Street Journal, and official university alumni directories.
  • Regulatory Filings: Shareholder and executive disclosures from stock exchange databases, including HKEX, SSE, SZSE, and SEC EDGAR.
  • Corporate History: Primary data from annual company reports, founding charters, and verified press announcements.

All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.

If you find any inaccuracies, please report them to admin@redcarpetlife.in

Sponsored Content