T1 Energy Inc Dossier
Qualitative Analysis
Business overview
T1 Energy Inc. (formerly FREYR Battery, Inc.) is an energy solutions provider focused on building an integrated, domestic United States supply chain for solar modules and battery storage. The company manufactures and sells high-efficiency photovoltaic (PV) solar modules utilizing advanced Tunnel Oxide Passivated Contact (TOPCon) and Passivated Emitter and Rear Contact (PERC) technologies. T1 Energy operates its primary manufacturing facility, the G1_Dallas solar module Gigafactory, in Wilmer, Texas, and is actively constructing its flagship solar cell fabrication facility, G2_Austin, in Austin, Texas.
Research as of 19 Jun 2026
Strategic Initiatives
Growth programs, investments, and their expected impact
Construction of a 2.1 GW Phase 1 solar cell manufacturing facility in Milam County, Texas, to produce high-efficiency TOPCon solar cells.
Expected impact: Will establish T1 as a domestic, vertically integrated U.S. solar leader, reducing supply chain dependence and improving margins.
Ramping up production and sales of high-efficiency solar modules at the fully operational 5 GW G1_Dallas facility in Wilmer, Texas.
Expected impact: Targeting 3.1 GW to 4.2 GW of module production in 2026 to drive near-term revenue and operational profitability.
Mergers, Acquisitions & Partnerships
Recent deals and strategic collaborations
Recent Acquisitions
To enter the fast-growing battery energy storage system (BESS) and AI data center infrastructure markets, expanding the customer base for integrated solar and storage solutions.
Financial impact: Expected to be EBITDA-positive in 2026 and contribute approximately $15 million to $20 million in EBITDA in 2027.
Strategic Partnerships
Complements T1's G2_Austin development by investing in another American solar cell project (a 4.8 GW plant in Baytown, Texas) to expand domestic TOPCon solar cell output.
Terms: Simple Agreement for Future Equity (SAFE) to acquire a minority equity stake.