T1 Provides Update from G1 Dallas
- Successful conversion of construction loan to $235 million term loan on schedule
- High production efficiency with 96% of Q1 target achieved (443 MW)
- Large production capacity of 5 GW annually
- Strategic adaptation to market conditions by upgrading to TOPCon technology
- None.
Insights
T1 Energy successfully converted $235M construction loan to term loan after meeting all facility completion requirements, achieving 96% of Q1 production plan.
T1 Energy's conversion of the G1 Dallas construction loan to a
The facility's production of 443 MW in Q1 2025, representing
The strategic decision to optimize product mix by converting three production lines from PERC to TOPCon technology indicates management's responsiveness to market conditions. This technology shift aligns with industry trends toward higher-efficiency solar modules, which typically command better margins, though the press release doesn't detail the conversion timeline or associated costs.
The successful handover to the operations team following commissioning marks the transition from project development to ongoing manufacturing operations, signaling T1's progression along its strategic roadmap. The third-party certifications confirm that the facility can operate safely and effectively at its designed capacity, which is crucial for maintaining the confidence of both customers and financing partners.
T1's G1 Dallas facility achieves full operational status with impressive 96% production target during commissioning, while upgrading to higher-efficiency TOPCon technology.
The successful commissioning of T1's G1 Dallas solar module manufacturing facility represents a significant achievement in U.S. solar manufacturing capacity. Achieving
The facility's 5 GW annual production capacity positions T1 as a major player in domestic solar manufacturing. For context, this single facility represents a substantial contribution to U.S. solar manufacturing capabilities, which have been expanding to reduce dependence on imported modules.
The strategic pivot to convert three production lines from PERC to TOPCon technology demonstrates technical adaptability and market awareness. TOPCon (Tunnel Oxide Passivated Contact) modules typically deliver 1-2 percentage points higher conversion efficiency than PERC (Passivated Emitter and Rear Cell) technology. This efficiency gain translates to higher power output per module, improved space utilization in solar installations, and potentially better margins.
The comprehensive third-party validation process, including customer acknowledgment of commissioning completion and independent engineer certification, confirms the facility meets design specifications and quality standards. This technical validation is particularly important for maintaining offtake agreements in the quality-sensitive solar module market, where performance and reliability are paramount. The handover to the operations team signals the transition from project execution to steady-state manufacturing.
AUSTIN, Texas and NEW YORK, May 01, 2025 (GLOBE NEWSWIRE) -- T1 Energy Inc. (NYSE: TE) (“T1,” “T1 Energy,” or the “Company”) provided an update on the Company’s progress at its G1 Dallas solar module manufacturing facility in Wilmer, Texas.
Highlights
- On April 30th, T1 achieved term conversion of the G1 Dallas construction loan to a
$235 million term loan in line with the previously communicated timeline - The conversion of the construction loan was conditioned upon third-party verification that construction, commissioning, and testing of all G1 Dallas production line equipment was complete
- T1 produced 443 MW of PV solar modules at G1 Dallas during Q1 2025, equivalent to
96% of the Company’s production plan
On April 30, 2025, the construction loan of the G1 Dallas solar module manufacturing facility converted to a
- A formal acknowledgement by each of T1’s solar module offtake customers that facility commissioning had occurred;
- Confirmation by Gray Construction, Inc. that substantial completion of G1 construction had occurred; and
- Certification by an independent engineer that G1 Dallas, with a total annual production capacity of 5 GW, has been installed, tested, and is ready and capable of being used for its intended purposes in a safe manner.
“The term conversion of the G1 Dallas construction loan is an important milestone for T1,” said Evan Calio, T1’s Chief Financial Officer. “With commissioning and third-party technical certification of the facility complete, G1 Dallas is now fully operational, and all production lines have been handed over to our operations team.”
G1 Operations Update
During Q1 2025, G1 Dallas produced 443 MW of PV solar modules while construction, commissioning, testing, and inspection of the production lines were ongoing, equating to
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:
Amy Jaick
SVP, Communications
amy.jaick@T1energy.com
Tel: +1 973 713-5585
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.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8a689f8d-4c71-4a98-84c8-7f2d331544d3
FAQ
What is the production capacity of T1 Energy's G1 Dallas facility?
How much did T1 Energy (TE) produce at G1 Dallas in Q1 2025?
What is the value of T1 Energy's term loan for G1 Dallas facility?
What technology upgrade is T1 Energy implementing at G1 Dallas?
