Earnings ·
T1 Energy Inc. reported second quarter 2026 financial results, posting total net sales of $250.1 million and a net…
TET1 Energy Inc.
T1 Energy Inc. reported second quarter 2026 financial results, posting total net sales of $250.1 million and a net loss from continuing operations of $36.9 million, or $(0.14) per share. Adjusted EBITDA was $10.7 million, benefiting from $24.4 million in tariff refunds. The company produced 935 MW at its G1_Dallas facility and announced a strategic offtake agreement with Clearway Energy Group for 641 MW of solar modules. T1 also closed the acquisition of KORE Power, Inc., creating the T1 NRI brand to serve energy storage and data center markets, and completed a $120 million private placement of convertible senior notes due 2031 in July 2026. Additionally, T1 acquired TOPCon solar intellectual property from Evervolt for $135 million and expects G2_Austin Phase 1 construction to begin producing cells in Q1 2027 with capital expenditures totaling $510 million. T1 Energy Inc. operates in the renewable energy sector, manufacturing solar modules and cells while developing an integrated domestic supply chain.