T1 Energy

$TE · NYSE · INDUSTRIALS · 2 stories in 30 days

The wire on $TE

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Corporate9:19 AM

T1 Energy receives Norway data center rezoning approval for Giga Arctic

T1 Energy (TE) received approval to convert part of its Giga Arctic facility in Norway for data center use. Initial 50 MW data center could be operational in 2027. Company holds grid queue position for up to 396 MW and is in discussions with counterparties to monetize the site.

bullish 70 · impact 60

Corporatedeveloping · 3 wires7:21 PM

T1 Energy Q2 revenue beats estimates, G2_Austin solar fab on track for Q1 2027

T1 Energy reported Q2 revenue of $250.1M, above the $203M estimate. EPS of -$0.16 missed the -$0.10 estimate. Adjusted EBITDA was $10.7M. The 2.1 GW G2_Austin solar cell fab remains on track for first production in Q1 2027. Phase 1 capex is $510M, including a 20% contingency. The company is still targeting a comprehensive financing package for the remaining capex.

bullish 65 · impact 40

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