Update on T1 Energy FEOC Compliance Efforts

Core Insights - T1 Energy has completed strategic transactions with Trina Solar and other parties to maintain eligibility for Section 45X tax credits in 2026, complying with the One Big Beautiful Bill Act (OBBBA) requirements to avoid being classified as a Foreign Entity of Concern (FEOC) [1][2] Compliance Measures - T1 Energy has amended its certificate of incorporation to limit FEOC equity ownership, ensuring that Trina Solar's equity holdings remain below the 25% FEOC equity limit [3] - The company raised significant capital in late 2025, using part of it for substantial debt repayment to Trina Solar, thus reducing the percentage of T1 debt held by Trina Solar below the FEOC compliance threshold [4] - An agreement has been made between T1 and Trina Solar to remove Trina Solar's right to appoint a covered officer, further enhancing compliance [5] - T1 has conducted a thorough analysis and believes it has no agreements that would classify it as a FEOC under the OBBBA's "effective control" provisions [6] Intellectual Property and Supply Chain - T1 previously licensed patents from Trina Solar, which have now been sold to Evervolt Green Energy Holding Pte Ltd. T1 now licenses this intellectual property from Evervolt, which T1 believes is not a FEOC [7] - T1 has sourced solar cells for its 2026 production from a supplier certified as non-FEOC and is ensuring that the remaining cells will also meet this certification. The company is building a domestic supply chain, including domestic polysilicon, wafers, and steel frames, to support its compliance efforts [8] Company Overview - T1 Energy Inc. is an energy solutions provider focused on building an integrated U.S. supply chain for solar and batteries. The company aims to be a leading solar manufacturer in the U.S. and is exploring opportunities for value optimization in Europe [9]