T1 Energy Reports Q4 2024 Financial Results and Announces New Solar Cell Manufacturing Facility

Summary

T1 Energy Inc. reported its Q4 and full-year 2024 financial results, revealing a net loss attributable to stockholders of $450.2 million for the year, driven by substantial losses from discontinued operations. The company also announced it has selected Milam County, Texas as the site for its planned G2 Austin U.S. solar cell manufacturing facility, expected to create up to 1,800 new jobs. Additionally, T1 Energy completed the acquisition of Trina Solar’s U.S. solar manufacturing assets, positioning itself as a leading solar manufacturing company in the U.S. The company further unveiled its global rebranding as T1 Energy, reflecting its focus on becoming an American, vertically integrated solar + battery storage leader.