FREYR(US:FREY)2025-05-15 11:05Strategic Direction and Policy - T1 is committed to localizing solar supply chains, advanced American manufacturing, and job creation, aligning with the emphasis on domestic energy supply[9] - The company's strategy to build a vertically integrated U S solar value chain is validated by trade and solar industry policy, though near-term uncertainties exist[12] - T1 advocates for Section 45X, 48E, and 45Y IRA incentives as critical facilitators of American Energy Dominance[9] G1 Dallas Operations - G1 Dallas is fully installed, commissioned, and operational with a design capacity of 50 GW[13] - As of May 11, 2025, G1 Dallas had produced 6883 MW of solar modules[19] - Sales ramped to $646 million in Q1 2025, primarily from deliveries under the Trina U S offtake contract[19, 31] - T1 has secured over 17 GW of 2025 module sales for G1 Dallas[12, 35] G2 Austin Development - G2 Austin is expected to satisfy unmet utility-scale customer demand for U S made solar solutions with TOPCon technology, with production planned to start in Q4 2026[24] - The facility is planned to have a capacity of 48-51 GW, dependent on the product[24] - T1 has entered into a non-binding agreement with a Saudi partner to explore a potential strategic investment in G2 Austin[13, 24] Financial Guidance and Liquidity - T1 lowered its 2025 EBITDA guidance to $25 - $50 million, from a prior range of $75 - $125 million, due to near-term policy uncertainties[13, 26] - The company expects to end 2025 with more than $100 million of cash and liquidity at the low end of the EBITDA guidance range[13, 32] - T1's balance sheet as of March 31, 2025, shows cash and cash equivalents of $449 million and total assets of $1432 billion[30] Domestic Content Roadmap - T1 is executing a plan to deliver >70% domestic content on solar PV modules by H1 2027[40]