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T1 Provides Update from G1 Dallas
Globenewswireยท2025-05-01 20:17

Core Insights - T1 Energy Inc. has successfully converted its G1 Dallas construction loan into a $235 million term loan, marking a significant milestone for the company [2][9] - The G1 Dallas solar module manufacturing facility is now fully operational, having completed commissioning and third-party technical certification [2][9] - In Q1 2025, G1 Dallas produced 443 MW of PV solar modules, achieving 96% of the company's production plan [3][9] Financial Update - The term loan conversion was contingent upon the completion of construction, commissioning, and testing of all production line equipment at G1 Dallas [9] - The facility has a total annual production capacity of 5 GW, which has been installed, tested, and certified for safe use [9] Operational Developments - T1 Energy has optimized its product mix by converting three production lines from PERC to TOPCon technology to align with market conditions [3] - The company is focused on building an integrated U.S. supply chain for solar and batteries, positioning itself as a leading solar manufacturing entity in the United States [4]