As New Energy Tax Policy Takes Shape, T1 Energy Confident It is Well Positioned
T1 Energy (NYSE: TE) expressed confidence in its strategic positioning regarding the proposed 45X Production Tax Credit in the U.S. Senate's budget bill. The legislation, extending through 2032, aims to boost domestic solar module production and supply chain development.
The company highlighted key aspects of the bill including transferability and stackability of 45X credits, which are expected to contribute to T1's EBITDA. T1 is advancing capital formation initiatives for its planned 5 GW U.S. Solar Cell Facility (G2_Austin) in Milam County, Texas, with construction expected to begin in Q3 2025.
Regarding the proposed excise tax on solar projects using components from Foreign Entities of Concern (FEOC), T1 Energy believes it can adapt its manufacturing operations to provide tax-exempt American solar modules through its operational 5 GW Solar Module Facility (G1_Dallas).
T1 Energy (NYSE: TE) ha espresso fiducia nella propria posizione strategica riguardo al credito d'imposta per la produzione 45X proposto nel disegno di legge sul bilancio del Senato degli Stati Uniti. La normativa, valida fino al 2032, mira a incentivare la produzione nazionale di moduli solari e lo sviluppo della catena di approvvigionamento.
L'azienda ha sottolineato aspetti chiave del disegno di legge, inclusa la trasferibilità e cumulabilità dei crediti 45X, che si prevede contribuiranno all'EBITDA di T1. T1 sta portando avanti iniziative per la formazione di capitale per il suo previsto impianto solare da 5 GW negli Stati Uniti (G2_Austin) nella contea di Milam, Texas, con l'inizio dei lavori previsto per il terzo trimestre 2025.
Per quanto riguarda la proposta di imposta sulle vendite per i progetti solari che utilizzano componenti provenienti da Entità Straniere di Interesse (FEOC), T1 Energy ritiene di poter adattare le proprie operazioni di produzione per fornire moduli solari americani esenti da tasse attraverso il suo operativo impianto da 5 GW per moduli solari (G1_Dallas).
T1 Energy (NYSE: TE) expresó confianza en su posicionamiento estratégico respecto al Crédito Fiscal de Producción 45X propuesto en el proyecto de ley presupuestaria del Senado de EE. UU. La legislación, que se extiende hasta 2032, tiene como objetivo impulsar la producción nacional de módulos solares y el desarrollo de la cadena de suministro.
La compañía destacó aspectos clave del proyecto de ley, incluyendo la transferibilidad y acumulabilidad de los créditos 45X, que se espera contribuyan al EBITDA de T1. T1 está avanzando en iniciativas de formación de capital para su planificada planta de células solares de 5 GW en EE. UU. (G2_Austin) en el condado de Milam, Texas, con la construcción prevista para el tercer trimestre de 2025.
En cuanto al impuesto especial propuesto sobre proyectos solares que usan componentes de Entidades Extranjeras de Interés (FEOC), T1 Energy considera que puede adaptar sus operaciones de fabricación para proveer módulos solares estadounidenses exentos de impuestos a través de su planta operativa de módulos solares de 5 GW (G1_Dallas).
T1 Energy (NYSE: TE)는 미국 상원 예산 법안에 제안된 45X 생산세액공제에 대한 전략적 입장에 자신감을 나타냈습니다. 이 법안은 2032년까지 연장되며 국내 태양광 모듈 생산 및 공급망 개발을 촉진하는 것을 목표로 합니다.
회사는 45X 세액공제의 양도 가능성과 중첩 가능성을 포함한 법안의 주요 내용을 강조했으며, 이는 T1의 EBITDA에 기여할 것으로 예상됩니다. T1은 텍사스 밀램 카운티에 계획된 5GW 미국 태양광 셀 시설(G2_Austin)을 위한 자본 조성 이니셔티브를 추진 중이며, 건설은 2025년 3분기에 시작될 예정입니다.
외국 우려 대상 기관(FEOC)에서 부품을 사용하는 태양광 프로젝트에 대한 제안된 소비세와 관련하여, T1 Energy는 운영 중인 5GW 태양광 모듈 시설(G1_Dallas)을 통해 세금 면제 미국 태양광 모듈을 제공할 수 있도록 제조 운영을 조정할 수 있다고 믿고 있습니다.
T1 Energy (NYSE : TE) a exprimé sa confiance dans son positionnement stratégique concernant le crédit d'impôt à la production 45X proposé dans le projet de loi budgétaire du Sénat américain. Cette législation, étendue jusqu'en 2032, vise à renforcer la production nationale de modules solaires et le développement de la chaîne d'approvisionnement.
L'entreprise a souligné les points clés du projet de loi, notamment la transférabilité et la cumulabilité des crédits 45X, qui devraient contribuer à l'EBITDA de T1. T1 fait progresser ses initiatives de formation de capital pour son projet d'usine de cellules solaires de 5 GW aux États-Unis (G2_Austin) dans le comté de Milam, Texas, avec un début de construction prévu au 3e trimestre 2025.
Concernant la taxe d'accise proposée sur les projets solaires utilisant des composants provenant d'Entités Étrangères d'Intérêt (FEOC), T1 Energy estime pouvoir adapter ses opérations de fabrication pour fournir des modules solaires américains exonérés de taxe via son site opérationnel de modules solaires de 5 GW (G1_Dallas).
T1 Energy (NYSE: TE) zeigte Zuversicht in seine strategische Positionierung bezüglich des vorgeschlagenen 45X Produktionssteuergutschrift im Haushaltsgesetz des US-Senats. Die Gesetzgebung, die bis 2032 gilt, zielt darauf ab, die inländische Produktion von Solarmodulen und die Entwicklung der Lieferkette zu fördern.
Das Unternehmen hob wichtige Aspekte des Gesetzesentwurfs hervor, darunter die Übertragbarkeit und Stapelbarkeit der 45X-Gutschriften, die voraussichtlich zum EBITDA von T1 beitragen werden. T1 treibt Kapitalbeschaffungsinitiativen für seine geplante 5-GW-US-Solarzellenanlage (G2_Austin) im Milam County, Texas, voran, wobei der Baubeginn im 3. Quartal 2025 erwartet wird.
Bezüglich der vorgeschlagenen Verbrauchssteuer auf Solarprojekte, die Komponenten von ausländischen Interessensentitäten (FEOC) verwenden, ist T1 Energy der Ansicht, dass es seine Fertigungsprozesse anpassen kann, um steuerfreie amerikanische Solarmodule über seine operative 5-GW-Solarmodul-Anlage (G1_Dallas) bereitzustellen.
- Potential benefit from 45X Production Tax Credit extension through 2032
- Expected EBITDA contribution from stackable tax credits for U.S. cell and module production
- Operational 5 GW Solar Module Facility (G1_Dallas) already in place
- Planned expansion with new 5 GW U.S. Solar Cell Facility (G2_Austin)
- Strategic flexibility to adapt manufacturing operations to avoid FEOC tax implications
- Capital formation process for G2_Austin facility still pending completion
- Project financing and customer offtake discussions remain ongoing
- Dependency on final version of budget bill for strategic direction
Insights
T1 Energy positioned to benefit from proposed 45X tax credits extension through 2032, enhancing EBITDA through domestic solar manufacturing strategy.
T1 Energy appears strategically well-positioned to capitalize on the proposed extension of the 45X Production Tax Credit through 2032 in the pending U.S. Senate budget bill. This policy extension would provide significant long-term certainty for domestic solar manufacturing investments, particularly benefiting T1's planned 5 GW cell facility in Texas.
The company stands to gain from two critical provisions: transferability and stackability of tax credits. Transferability allows T1 to monetize credits even without sufficient tax liability, while stackability enables the company to combine credits from both cell and module production, potentially creating a substantial EBITDA boost.
T1's strategic flexibility is evident in their response to the proposed excise tax on solar components from Foreign Entities of Concern (FEOC). The company is positioning itself to offer FEOC-exempt modules if the provision passes, while maintaining optionality with their existing G1_Dallas facility if it doesn't.
The timing of this policy development is crucial as T1 works to secure financing for its G2_Austin facility, with construction targeted to begin in Q3 2025. The policy clarity should enhance T1's negotiations with potential investors and customers for offtake agreements.
T1's approach demonstrates agility in navigating policy uncertainty while pursuing vertical integration in domestic solar manufacturing – a position that aligns with bipartisan support for energy security through local supply chains.
Strategic investments expected to allow T1 Energy to deliver solar modules exempt from proposed tax
AUSTIN, Texas and NEW YORK, June 30, 2025 (GLOBE NEWSWIRE) -- T1 Energy Inc. (NYSE: TE) (“T1,” “T1 Energy,” or the “Company”) values the ongoing support in the current draft of the budget bill under consideration in the U.S. Senate for the 45X Production Tax Credit, which encourages domestic production of solar modules and component pieces. This tax policy, backed by both houses of Congress and provisionally extended through 2032, provides a foundation for the growth of a domestic solar supply chain. T1 Energy expects to participate in and benefit from that growth.
In addition, the proposed language in the budget bill maintains transferability and stackability of 45X credits. T1 views both as important incentives for the domestic solar manufacturing industry in general, and specifically for T1 by providing financing options and flexibility. The ability to potentially stack the 45X credits from integrated U.S. cell and module production is expected to contribute meaningfully to T1’s EBITDA generation.
These elements of the budget bill are important for T1 as the Company continues to advance several capital formation initiatives to fund development of G2_Austin, its planned 5 GW U.S. Solar Cell Facility in Milam County, Texas. Finalization of the budget bill and a policy framework that supports T1’s domestic content strategy are key steps to advance T1’s project financing, customer offtake discussions and other related funding initiatives. The Company expects to complete the capital formation process to reach the start of construction at G2_Austin in Q3 2025.
T1 Energy is evaluating the recently added proposal to implement an excise tax on certain solar projects that include a substantial percentage of components from a Foreign Entity of Concern (“FEOC”) nation. As a young and nimble company, T1 Energy believes it will be able to align its manufacturing operations with the final version of the bill. If the FEOC tax is in the final draft, T1 expects to be able to provide American solar modules exempt from the tax. If the provision is removed, T1 will continue with existing plans to provide high efficiency, cost-competitive modules from G1_Dallas, its operational 5 GW Solar Module Facility, while the Company evaluates its most attractive value creation opportunities.
“Solar energy strengthens our electric grids and lowers electricity prices for Americans and American businesses. We see this every day on the Texas grid as solar supports the state’s dynamic population and economic growth through abundance and affordability. Solar is not a problem. It’s an answer. And it needs to be made in America,” said T1 Chairman of the Board and Chief Executive Officer Daniel Barcelo.
About T1 Energy
T1 Energy Inc. (NYSE: TE) is an energy solutions provider building an integrated U.S. supply chain for solar and batteries. In December 2024, T1 completed a transformative transaction, positioning the Company as one of the leading solar manufacturing companies in the United States, with a complementary solar and battery storage strategy. Based in the United States with plans to expand its operations in America, the Company is also exploring value optimization opportunities across its portfolio of assets in Europe.
To learn more about T1, please visit www.T1energy.com and follow us on social media.
Investor contact:
Jeffrey Spittel
EVP, Investor Relations and Corporate Development
jeffrey.spittel@T1energy.com
Tel: +1 409 599 5706
Media contact:
Russell Gold
EVP, Strategic Communications
russell.gold@T1energy.com
Tel: +1 214 616 9715
Cautionary Statement Concerning Forward-Looking Statements:
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including without limitation with respect to: the Company’s ability to deliver solar modules exempt from proposed tax and any associated advantage in the solar marketplace; the duration of the 45X Production Tax Credit policy; the proposed tax policy providing a foundation for the growth of a domestic solar supply chain and the Company’s expected participation and benefit from such growth; the final form of the budget bill, including the transferability and stackability of 45X credits, and any benefits to the Company on its financing options and flexibility; the extent to which potential stackability of 45X credits may contribute meaningfully to T1's EBITDA generation; T1's ability to align its manufacturing operations with the final version of the budget bill and comply with the bill; the Company’s commitment to shareholders and customers; the Company’s capital formation initiatives to fund G2_Austin and the timeline for its construction; the Company’s ongoing customer offtake discussions; and the Company’s commitment to provide modules that are exempt from the proposed FEOC tax. These forward-looking statements are based on management’s current expectations. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause actual future events, results, or achievements to be materially different from the Company’s expectations and projections expressed or implied by the forward-looking statements. Important factors include, but are not limited to, those discussed under the caption “Risk Factors” in (i) T1’s annual report on Form 10-K for the year ended December 31, 2024 filed with the Securities and Exchange Commission (the “SEC”) on March 31, 2025, as amended and supplemented by Amendment No. 1 on Form 10-K/A filed with the SEC on April 30, 2025, and T1’s quarterly report on Form 10-Q for the quarterly period ended March 31, 2025 filed with the SEC on May 15, 2025, (ii) T1’s post-effective Amendment No. 1 to the Registration Statement on Form S-3 filed with the SEC on January 4, 2024, and (iii) T1’s Registration Statement on Form S-4 filed with the SEC on September 8, 2023 and subsequent amendments thereto filed on October 13, 2023, October 19, 2023 and October 31, 2023. All of the above referenced filings are available on the SEC’s website at www.sec.gov. Forward-looking statements speak only as of the date of this press release and are based on information available to the Company as of the date of this press release, and the Company assumes no obligation to update such forward-looking statements, all of which are expressly qualified by the statements in this section, whether as a result of new information, future events or otherwise, except as required by law.
T1 intends to use its website as a channel of distribution to disclose information which may be of interest or material to investors and to communicate with investors and the public. Such disclosures will be included on T1’s website in the ‘Investor Relations’ section. T1, and its CEO and Chairman of the Board, Daniel Barcelo, also intend to use certain social media channels, including, but not limited to, X, LinkedIn and Instagram, as means of communicating with the public and investors about T1, its progress, products, and other matters. While not all the information that T1 or Daniel Barcelo post to their respective digital platforms may be deemed to be of a material nature, some information may be. As a result, T1 encourages investors and others interested to review the information that it and Daniel Barcelo posts and to monitor such portions of T1’s website and social media channels on a regular basis, in addition to following T1’s press releases, SEC filings, and public conference calls and webcasts. The contents of T1’s website and its and Daniel Barcelo’s social media channels shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.
FAQ
What is T1 Energy's position on the proposed 45X Production Tax Credit in the U.S. Senate budget bill?
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When does T1 Energy (NYSE: TE) expect to begin construction of its G2_Austin facility?
How is T1 Energy preparing for the potential FEOC excise tax on solar components?
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