T1 Energy Makes Strategic Investment in Talon
T1 Energy (NYSE: TE) has acquired a minority equity stake in Talon PV via a SAFE, backing Talon's development of a 4.8 GW TOPCon solar cell fab in Baytown, Texas. T1 is advancing its own 5 GW G2_Austin solar cell project in Rockdale, Texas with first phase expected online in Q4 2026. Talon anticipates commercial availability starting Q1 2027. Both projects aim to expand U.S. TOPCon manufacturing capacity, reshore jobs, and leverage domestic supply chains including a recent long-term polysilicon and wafer agreement with Corning. The companies cited tax-credit support under OBBBA and 45x incentives.
T1 Energy (NYSE: TE) ha acquisito una quota di capitale di minoranza in Talon PV tramite un SAFE, sostenendo lo sviluppo di Talon di una fabbrica di celle solari TOPCon da 4,8 GW a Baytown, Texas. T1 sta avanzando anche con il proprio progetto di celle solari G2_Austin da 5 GW a Rockdale, Texas, con la prima fase prevista online nel Q4 2026. Talon prevede la disponibilità commerciale a partire dal Q1 2027. Entrambi i progetti mirano ad espandere la capacità di produzione TOPCon negli Stati Uniti, a riversare posti di lavoro e a sfruttare le catene di approvvigionamento domestiche, includendo un recente accordo a lungo termine su polisilicio e wafer con Corning. Le aziende hanno citato il sostegno ai crediti d'imposta nell'ambito OBBBA e degli incentivi 45x.
T1 Energy (NYSE: TE) ha adquirido una participación minoritaria en Talon PV a través de un SAFE, respaldando el desarrollo de Talon de una planta de células solares TOPCon de 4,8 GW en Baytown, Texas. T1 también está avanzando con su propio proyecto de células solares G2_Austin de 5 GW en Rockdale, Texas, con la primera fase prevista para entrar en operación en el Q4 2026. Talon anticipa disponibilidad comercial a partir del Q1 2027. Ambos proyectos buscan ampliar la capacidad de fabricación TOPCon en EE. UU., reubicar empleos y aprovechar las cadenas de suministro nacionales, incluyendo un acuerdo a largo plazo de polisílice y obleas con Corning. Las empresas citan el apoyo de créditos fiscales bajo OBBBA y los incentivos 45x.
T1 Energy (NYSE: TE)가 Talon PV의 소수 지분을 SAFE를 통해 취득했고, Baytown, Texas에 있는 4.8 GW TOPCon 태양전지 공정의 개발을 Talon에 지원합니다. T1은 또한 G2_Austin라는 자체 5 GW 태양전지 프로젝트를 Texas 주 Rockdale에서 진행 중이며, 1단계는 2026년 4분기에 가동될 예정입니다. Talon은 2027년 1분기부터 상용화 가능성을 예상합니다. 두 프로젝트 모두 미국의 TOPCon 제조 역량 확장을 목표로 하며 일자리를 재배치하고 국내 공급망을 활용하는 것을 목표로 하고 있으며, Corning과의 최근 폴리실리콘 및 웨이퍼 장기 계약을 포함합니다. 양사는 OBBBA의 세액 공제 지원과 45x 인센티브를 인용했습니다.
T1 Energy (NYSE: TE) a acquis une participation minoritaire dans Talon PV via un SAFE, soutenant le développement par Talon d’une usine de cellules solaires TOPCon de 4,8 GW à Baytown, Texas. T1 fait avancer son propre projet de cellules solaires G2_Austin de 5 GW à Rockdale, Texas, dont la première phase devrait être opérationnelle au Q4 2026. Talon prévoit une disponibilité commerciale à partir du Q1 2027. Les deux projets visent à augmenter la capacité de fabrication TOPCon aux États-Unis, à rapatrier des emplois et à tirer parti des chaînes d’approvisionnement nationales, y compris un accord récent à long terme sur le polysilicium et les wafers avec Corning. Les entreprises ont cité le soutien des crédits d’impôt dans le cadre OBBBA et les incitations 45x.
T1 Energy (NYSE: TE) hat eine Minderheitenbeteiligung an Talon PV über ein SAFE erworben und Talons Entwicklung einer 4,8 GW TOPCon-Solarzellenfabrik in Baytown, Texas, unterstützt. T1 treibt auch sein eigenes 5 GW G2_Austin-Solarzellenprojekt in Rockdale, Texas voran, dessen erste Phase voraussichtlich im Q4 2026 online geht. Talon rechnet mit einer kommerziellen Verfügbarkeit ab dem Q1 2027. Beide Projekte zielen darauf ab, die TOPCon-Produktionskapazität in den USA zu erweitern, Arbeitsplätze zurückzuholen und von heimischen Lieferketten zu profitieren, einschließlich einer jüngsten langfristigen Vereinbarung über Polysilizium und Wafer mit Corning. Die Unternehmen verwiesen auf Unterstützung durch Steueranreize im Rahmen von OBBBA und 45x-Incentives.
T1 Energy (NYSE: TE) قامت بشراء حصة ملكية الأقلية في Talon PV عبر SAFE، داعمة تطوير Talon لمصنع خلايا شمس TOPCon بطاقة 4.8 جيغاوات في بايتون، تكساس. كما تواصل T1 مشروعها الخاص لخلايا شمس G2_Austin بطاقة 5 GW في روكديل، تكساس، مع توقع تشغيل المرحلة الأولى في الربع الرابع 2026. تتوقع Talon توفرًا تجاريًا بدءًا من الربع الأول 2027. يهدف كلا المشروعين إلى توسيع قدرة التصنيع TOPCon في الولايات المتحدة، وإعادة توزيع الوظائف، والاستفادة من سلاسل الإمداد المحلية بما في ذلك اتفاقية طويلة الأجل على polysilicon ورقائق wafer مع Corning. ذكرت الشركات الدعم الضريبي بموجب OBBBA وحوافز 45x.
T1 Energy（NYSE: TE） 通过 SAFE 收购 Talon PV 的少数股权，支持 Talon 在德州 Baytown 开发 4.8 GW 的 TOPCon 太阳能电池厂。T1 还在德州 Rockdale 推进自身的 5 GW G2_Austin 太阳能电池项目，第一阶段预计在 2026 年第四季度上线。Talon 预计 2027 年第一季度开始实现商业化。两个项目的目标都是扩大美国 TOPCon 制造能力、回流就业并利用国内供应链，包含与 Corning 的最近长期多晶硅与晶圆协议。两家公司提到在 OBBBA 框架下的税收抵免支持及 45x 激励措施。
- T1 backing expands U.S. TOPCon capacity by 4.8 GW
- T1's 5 GW G2_Austin first phase expected Q4 2026
- Talon commercial availability targeted Q1 2027
- T1 signed long-term polysilicon and wafer supply deal with Corning
- Investment via a SAFE does not provide immediate equity ownership or disclosed valuation
- Strategic relationship details remain under discussion, creating execution uncertainty
- Project economics rely on OBBBA/45x tax credits, exposing outcomes to policy changes
Insights
T1's minority stake in Talon backs domestic TOPCon cell capacity and links two Texas fabs for higher‑margin U.S. solar manufacturing.
T1 acquired a minority stake in Talon via a Simple Agreement for Future Equity (SAFE) to support development of a 4.8 GW TOPCon solar cell fab in Baytown while advancing its 5 GW G2_Austin project expected online in
Outcomes depend on timely commercial startups, execution of manufacturing scale, and the SAFE conversion path; the release notes Nobel Prize recognition for the underlying quantum tunneling technology but provides no technical performance metrics. Workforce reshoring and compliance benefits are stated, but integration, capital timing, and off-take arrangements remain unspecified.
Watch milestones: first phase commercial availability for G2_Austin in
Investment in private company developing solar cell fab supports higher-margin domestic content sales, creates jobs and advances energy security
AUSTIN, Texas, Oct. 10, 2025 (GLOBE NEWSWIRE) -- T1 Energy Inc. (NYSE: TE) (“T1,” “T1 Energy,” or the “Company”) has made a strategic investment in Talon PV LLC (“Talon”), acquiring a minority equity stake in the developer of a solar cell fab.
T1 is advancing its own solar cell fab, the 5 GW G2_Austin project in Rockdale, Texas. The first phase is expected to come online in the fourth quarter of 2026. Talon is developing a 4.8 GW solar cell plant in Baytown, Texas. Both Texas-based companies plan to utilize advanced manufacturing to produce the most globally advanced commercially available solar cells in the U.S.
The T1 and Talon projects are examples of American companies investing in American energy, supported by President Trump’s OBBBA and 45x tax credits. The Texas projects are expected to reshore jobs and deliver power to meet rising electrical demand driven by AI, industrialization and residential load growth.
Both projects are expected to meaningfully add domestic manufacturing capacity and produce TOPCon solar cells, the most globally advanced commercially available solar cells in the U.S. TOPCon cells utilize the quantum tunneling technology awarded the Nobel Prize for Physics earlier this week.
Under terms of the deal, T1 has entered into a Simple Agreement for Future Equity (“SAFE”) to acquire an equity stake in Talon. T1 and Talon remain in discussions to potentially deepen the strategic relationship in the future.
“We are excited by the opportunity to invest in another American solar energy project that complements our G2_Austin development,” said Daniel Barcelo, T1’s Chief Executive Officer and Chairman of the Board. “Expanding the output of American solar cells is necessary to support energy security, achieve regulatory compliance and build an American solar industry based on advanced manufacturing and cutting-edge solar technology.”
T1 Energy owns the 5 GW G1_Dallas solar module facility in Wilmer, Texas, and this summer signed a long-term deal with Corning Inc to obtain polysilicon and solar wafers manufactured in Michigan.
“Our partnership with T1 Energy strengthens the foundation of U.S. solar manufacturing. Together, we’re building scalable, non-FEOC supply chains that deliver true domestic content and reinforce America’s energy independence and national security,” said Adam Tesanovich, co-founder and Chief Executive Officer of Talon.
Talon PV LLC is a privately held U.S. company developing an advanced 4.8 GW TOPCon solar cell manufacturing fab with anticipated commercial availability starting in Q1 2027. The company is majority owned by Eagle Group, a diversified industrial firm with a long-standing commitment to investing in and advancing American energy production.
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
T1 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 timing of T1’s G2_Austin project; any potential development or expected output of solar cell plants; T1 and Talon’s plans to utilize advanced manufacturing to produce the most globally advanced commercially available solar cells in the U.S.; the future of any relationship between T1 and Talon; the ability of T1 and Talon’s projects to add domestic manufacturing capacity and produce TOPCon solar cells; T1’s ability to expand the output of American solar cells; and T1 and Talon’s ability to build scalable, non-FEOC supply chains. 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 U.S. 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, (ii) T1’s Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2025 filed with the SEC on May 15, 2025, as amended and supplemented by Amendment No. 1 on Form 10-Q/A filed with the SEC on August 18, 2025, (iii) T1's Quarterly Report on Form 10-Q for the period ended June 30, 2025, filed with the SEC on August 19, 2025, (iv) T1’s Post-Effective Amendment No. 1 to the Registration Statement on Form S-3 filed with the SEC on January 4, 2024, and (v) 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 stake did T1 Energy acquire in Talon PV (TE) on October 10, 2025?
When will T1 Energy's G2_Austin 5 GW solar cell project (TE) start operations?
What is the timeline for Talon PV's 4.8 GW TOPCon fab after T1's investment?
How does the T1–Talon deal affect U.S. solar manufacturing capacity?
What does the SAFE mean for T1 shareholders (TE)?
Does the announcement mention supply chain arrangements relevant to TE shareholders?
