T1 Energy Inc
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- T1 Energy Inc. (NYSE: TE), formerly FREYR Battery Inc., manufactures and sells photovoltaic solar modules, cells, and panels while building an integrated U.S. supply chain for advanced solar and battery manufacturing; the company operates one of the world's most modern solar module plants, G1_Dallas, in Wilmer, Texas, with 5 GW annual production capacity, and plans a solar cell plant, G2_Austin, outside Austin; its technology features latest-generation industrial-scale PV with silicon nitride coatings, atomic-layer alumina back-passivation, N-type ultra-pure single crystal silicon, nanometer-scale SiOx barriers, and screen-printed silver/aluminum busbars for maximum efficiency and longevity. Headquartered in Austin, Texas, and founded in 2018, T1 Energy serves utility-scale, commercial, industrial, and residential markets primarily in the United States, with operations and assets also in Norway, Luxembourg, and plans for expansion leveraging U.S. Inflation Reduction Act tax benefits and domestic content strategies. Recent developments include a February 2025 rebranding from FREYR Battery to pivot fully to solar PV production and storage; a December 2024 transformative transaction acquiring Trina Solar's U.S. manufacturing assets to establish leadership in American solar manufacturing; a May 2025 non-binding Heads of Agreement with Manaar Gulf Saudi Arabia Ltd. for up to $5 billion investment in the 5 GW G2_Austin facility; a strategic partnership with Nextracker announced in November 2025 emphasizing locally sourced materials; a $100 million preferred stock commitment from Encompass Capital Advisors LLC tied to the Trina acquisition, with the second $50 million draw executed in Q3 2025 to fund G2 construction starting Q4 2025; and a 253 MW sales agreement plus 1.7 GW of 2025 contracted module offtake.
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