T1 Energy strengthens its U.S. solar strategy and reaffirms 2025 targets

T1 Energy secures a wafer supply contract, signs 437 MW in sales, and advances G2_Austin industrial deployment while maintaining EBITDA guidance despite second-quarter losses.

Share:

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access • Archives included • Professional invoice

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

T1 Energy Inc. released its financial results for the second quarter of 2025, reporting a net loss of $32.8 million, or $0.21 per diluted share. Despite a context marked by commercial and regulatory uncertainties, the company maintains its full-year EBITDA guidance of $25 to $50 million.

As part of its reshoring strategy, T1 Energy entered into an agreement with Corning Incorporated for the supply of solar wafers manufactured in Michigan. This partnership is intended to support T1’s compliance with Free of Exigence of Concern (FEOC) requirements under the One Big Beautiful Bill (OBBB) legislation and to strengthen a domestic supply chain for photovoltaic modules.

Sales fully booked for 2025 after 437 MW contract

The company also signed a 437-megawatt sales contract with a major U.S. utility. Deliveries are scheduled to begin in the third quarter of 2025. This agreement enables T1 to fully sell out its 2025 production from the G1_Dallas site, based on the lower end of its annual production plan of 2.6 gigawatts.

Since the adoption of OBBB, the company has reported intensified commercial interest. Growing demand, particularly from large-scale artificial intelligence projects, has boosted interest in T1’s domestically produced modules and accelerated negotiations for offtake agreements.

G2_Austin deployment and financing structure

The G2_Austin project, with a planned capacity of 5 GW, currently represents the largest investment in the U.S. polysilicon solar supply chain, according to Rystad Energy. T1 expects construction to start between the third and fourth quarters of 2025. The project will be developed in two phases of 2.5 GW each.

Financing for G2_Austin involves multiple instruments: structured project loans from a consortium of banks, mezzanine financing, customer contract deposits, and potential strategic equity participation. Yates Construction was selected for site preparation work, complementing SSOE Group, which has been providing engineering services since December 2024. A long-term tax abatement has also been secured from Milam County, Texas.

Regulatory alignment and administrative decisions

T1 identifies FEOC compliance as a strategic priority to qualify for Section 45X production tax credits. The company states that it is aligning its operating model and supply chain strategy with these regulatory requirements to secure eligibility.

Regarding its attempted transaction with Trina Solar, T1 received notification from the Committee on Foreign Investment in the United States (CFIUS) that the transaction was not subject to its jurisdiction. This administrative clarification removes a potential barrier to future partnerships or joint ventures.

Industrial performance and business refocus

The G1_Dallas facility surpassed 1 GW of cumulative production during the second quarter. As of August 2025, T1 had produced more than 1.2 GW of modules, confirming its annual production targets. This operational momentum reinforces the company’s ability to fulfill contractual commitments.

At the same time, T1 continues to refocus its operations, including accelerating its exit from European activities. A strategy is underway to repurpose the Giga Arctic site, currently inactive, with potential conversion into a data center or artificial intelligence infrastructure hub, subject to restored power grid access by the Norwegian operator.

Financial outlook and risk management

T1 reaffirms its EBITDA guidance of $25 to $50 million for 2025 but anticipates increased risk of trending toward the lower bound. Pressures include antidumping duties (AD/CVD), reciprocal tariffs, supply chain disruptions, and delays from customers securing advance purchases.

The company does not expect new merchant sales contracts in the second half of 2025. However, it maintains projections of annual run-rate EBITDA between $650 and $700 million, based on optimized output from both G1_Dallas and G2_Austin.

EDF confirms it is exploring capital openings and calls for strict investment prioritisation, facing €54.3bn ($57.5bn) in debt and massive funding needs by 2040.
A consortium led by Masdar and CPP Investments proposes to acquire all of ReNew at $8.15 per share, representing a 15.3% increase over the initial offer.
In Kuala Lumpur, Huawei Digital Power unveiled its grid-forming technologies, positioned as a strategic lever to strengthen power interconnections and accelerate energy market development across ASEAN.
Voltalia has entered a strategic partnership with IFC to develop tailored renewable energy projects for the mining sector across several African countries.
Repsol has launched a pilot platform of AI multi-agents, developed with Accenture, to transform internal organisation and improve team productivity.
ABB recorded double-digit growth in sales of equipment for data centres, contributing to a 28% increase in net profit in the third quarter, surpassing market expectations.
UK power producer Infinis has secured a £391mn ($476mn) banking agreement to support the next phase of its solar and energy storage development projects.
The Nexans Board of Directors has officially appointed Julien Hueber as Chief Executive Officer, ending Christopher Guérin’s seven-year tenure at the helm of the industrial group.
JP Morgan Chase has launched a $1.5 trillion, ten-year investment initiative targeting critical minerals, defence technologies and strategic supply chains across the United States.
Amid rising global demand for low-carbon technologies, several African countries are launching a regional industrial strategy centred on domestic processing of critical minerals.
Maersk and CATL have signed a strategic memorandum of understanding to strengthen global logistics cooperation and develop large-scale electrification solutions across the supply chain.
ABB made several attempts to acquire Legrand, but the French government opposed the deal, citing strategic concerns linked to data centres.
Aramco becomes Petro Rabigh's majority shareholder after purchasing a 22.5% stake from Sumitomo, consolidating its downstream strategy and supporting the industrial transformation of the Saudi petrochemical complex.
Chevron India expands its capabilities with a 312,000 sq. ft. engineering centre in Bengaluru, designed to support its global operations through artificial intelligence and local technical expertise.
Amid rising energy costs and a surge in cheap imports, Ineos announces a 20% workforce reduction at its Hull acetyls site and urges urgent action against foreign competition.
Driven by growing demand for strategic metals, mining mergers and acquisitions in Africa are accelerating, consolidating local players while exposing them to a more complex legal and regulatory environment.
Ares Management has acquired a 49% stake in ten energy assets held by EDP Renováveis in the United States, with an enterprise value estimated at $2.9bn.
Ameresco secured a $197mn contract with the U.S. Naval Research Laboratory to upgrade its energy systems across two strategic sites, with projected savings of $362mn over 21 years.
Enerflex Ltd. announced it will release its financial results for Q3 2025 before markets open on November 6, alongside a conference call for investors and analysts.
Veolia and TotalEnergies formalise a strategic partnership focused on water management, methane emission reduction and industrial waste recovery, without direct financial transaction.

All the latest energy news, all the time

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access - Archives included - Pro invoice

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.