T1 Energy Take Steps to Bring Investment to G2_Austin Solar Cell Project

Core Viewpoint - T1 Energy Inc. has signed a Heads of Agreement with a Saudi partner to explore a strategic investment in the G2_Austin solar cell manufacturing facility, which is planned to have a capacity of 5 GW, highlighting the collaboration between the U.S. and Saudi Arabia in advancing solar manufacturing and energy infrastructure [1][2]. Company Overview - T1 Energy Inc. is focused on building an integrated U.S. supply chain for solar and batteries, having completed a transformative transaction in December 2024 that positioned the company as a leading solar manufacturer in the U.S. [4]. Strategic Investment - The agreement aims to bring in strategic capital to support the U.S. advanced manufacturing sector, with T1 Energy emphasizing the need for a domestic solar manufacturing supply chain [2][3]. - The signing ceremony took place in Riyadh, attended by representatives from T1 and Manaar Gulf Saudi Arabia Ltd., promoting Gulf Cooperation Council investment in the U.S. [2]. Future Plans - T1 Energy plans to secure capital through this agreement to advance its mission of bringing investment, jobs, and key supply chains to America, while also exploring complementary investment opportunities in Saudi Arabia's solar manufacturing sector [3].