T1 Energy Inc.(NYSE) TE

T1 Energy Inc. makes panels that turn sunlight into electricity. These products help utility companies build large solar power farms. The company is building its own American supply chain.

Solar Panels and Storage

• Photovoltaic Solar Modules: Panels for utility-scale energy projects that use efficiency technologies like Tunnel Oxide Passivated Contact (TOPCon).
• Solar Cell Manufacturing: High-efficiency parts produced at a Texas facility to support panel assembly and reduce reliance on imports.
• Energy Storage Systems: Batteries and software tools used to manage and store power for large-scale energy projects.

Expanding the American Footprint

• Began construction of a 2.1-gigawatt solar cell manufacturing facility in Milam County, Texas, during Dec. 2025.
• Acquired KORE Power, a provider of battery energy storage systems and software solutions, on July 1, 2026.
• Purchased solar patents and other intellectual property from Evervolt Green Energy Holding for $135.0 million on July 28, 2026.
• Raised $120.0 million in capital through a private placement of senior unsecured convertible notes on July 31, 2026.

Efficiency and Compliance

The G1_Dallas facility operates at production rates that exceed its annual nameplate capacity of 5 gigawatts. T1 Energy reorganized its operations and debt structure to ensure it remains eligible for federal manufacturing tax credits under new trade regulations.

Recent Financial Results

• Total net sales reached $250.1 million in the three months ended June 30, 2026, up 88% year over year.
• Total net sales were $427.8 million for the six months ended June 30, 2026, up 130% year over year.
• Gross profit reached $78.2 million for the six months ended June 30, 2026, up 55% year over year.
• Cash, cash equivalents, and restricted cash totaled $156.4 million as of June 30, 2026.
• Net cash used in operating activities was $103.0 million for the six months ended June 30, 2026.

Bottom Line

T1 Energy has shifted from an international focus to becoming a domestic solar manufacturer. Its expansion into cell production and battery storage supports a self-sufficient supply chain for the renewable energy market.