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Treasury Guidance Supports T1's Tax Credit Eligibility
Globenewswire· 2026-02-17 11:10
Core Viewpoint - T1 Energy Inc. supports the revival of advanced American manufacturing and energy dominance through the One Big Beautiful Bill Act (OBBBA), with recent guidance from the U.S. Department of Treasury aligning with the company's expectations for Section 45X tax credits [1][2]. Group 1: Company Strategy and Compliance - T1 Energy is focused on investing in advanced American manufacturing and establishing a domestic solar supply chain, aiming to bring solar technology back to the U.S. [2][3]. - The company has undertaken strategic transactions to ensure compliance with foreign entity of concern (FEOC) requirements, addressing various aspects such as equity, debt, and intellectual property [2]. - T1 Energy's compliance position has been strengthened by the initial Treasury guidance, which clarifies material assistance requirements [2]. Group 2: Manufacturing and Operations - T1 Energy is constructing a solar cell fabrication facility in Rockdale, Texas, and operates a solar module factory in Wilmer, Texas [4]. - The company has secured contracts for American-produced polysilicon, wafers, and steel frames from domestic suppliers, reinforcing its commitment to a U.S.-based supply chain [4]. Group 3: Future Guidance and Commitment - T1 Energy welcomes additional guidance on FEOC requirements that supports the rebuilding of advanced American manufacturing and supply chains [5]. - The company is dedicated to leading the revival of American advanced manufacturing and job creation [3].