T1 Energy's Major Progress at G1 Dallas Solar Facility
Progress Update on G1 Dallas Solar Facility
AUSTIN, Texas and NEW YORK — T1 Energy Inc. (NYSE: TE) has recently announced significant progress at its G1 Dallas solar module manufacturing facility. The conversion of the construction loan to a $235 million term loan marks a pivotal achievement for the company.
Key Milestones Achieved
On April 30, the construction loan conversion was finalized, adhering to a previously outlined timeline. This milestone was contingent on the verification of completed construction, commissioning, and equipment testing.
During the first quarter of the year, T1 successfully produced 443 MW of photovoltaic (PV) solar modules, which represents an impressive 96% of the production target for that quarter. This production level is a testament to the operational efficiency of the facility amidst ongoing construction activities.
Details of Loan Conversion
The term loan conversion required formal acknowledgment from T1’s solar module offtake customers that the facility’s commissioning was completed. Additionally, construction firm Gray Construction, Inc. confirmed the substantial completion of the build. An independent engineer also certified that G1 Dallas has the capacity to produce up to 5 GW annually, guaranteeing safety and readiness for operation.
Evan Calio, T1’s Chief Financial Officer, highlighted the importance of this loan term conversion, stating, “With commissioning and third-party technical certification achieved, G1 Dallas is now fully operational. All production lines have been handed over to our operations team, enabling us to meet market demands.”
Operational Updates
In the ongoing efforts to optimize production for current market trends, T1 decided to adjust the G1 product mix by transitioning three production lines from PERC technology to the more advanced TOPCon technology. This shift positions T1 Energy as a competitive player in the solar manufacturing sector.
About T1 Energy
T1 Energy Inc. (NYSE: TE) is committed to creating a sustainable future through innovative energy solutions. The company is developing a comprehensive U.S. supply chain for solar energy and battery storage systems. In late 2024, T1 accomplished a transformative deal which aligned its position as a prime solar manufacturing entity in the United States, bolstering its solar and battery storage offerings.
T1 has ambitious plans for expansion in the U.S. and is evaluating opportunities to enhance the value of its assets even in European markets.
Contact Information
Investor Relations:
Jeffrey Spittel
EVP, Investor Relations and Corporate Development
Email: jeffrey.spittel@T1energy.com
Tel: +1 409 599-5706
Media Relations:
Amy Jaick
SVP, Communications
Email: amy.jaick@T1energy.com
Tel: +1 973 713-5585
Frequently Asked Questions
What is the significance of the loan conversion for T1 Energy?
The loan conversion signifies that T1 can now fully utilize the G1 Dallas facility for solar module production, marking an important step in its operational capabilities.
How much solar module production did T1 achieve in Q1 2025?
T1 Energy manufactured 443 MW of solar modules during the first quarter of 2025, achieving 96% of their production plan.
What technology shift did T1 implement at the G1 Dallas facility?
T1 Energy is transitioning three production lines from PERC to TOPCon technology, catering to prevailing market demands and enhancing production efficiency.
Where is T1 Energy expanding its operations?
T1 Energy aims to expand its operations in the United States while exploring asset optimization opportunities in European markets.
Who should I contact for investor inquiries at T1 Energy?
For investor-related questions, please reach out to Jeffrey Spittel, EVP of Investor Relations, through email at jeffrey.spittel@T1energy.com or call +1 409 599-5706.
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