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T1 Energy Reports Q2 2026 Results and $135M Evervolt Solar IP Acquisition
T1 Energy Inc. released its preliminary second‑quarter 2026 financial outlook, projecting total net sales of $245 million‑$255 million and module sales of about 835 MW. The company expects a net loss from continuing operations of $34 million‑$37 million and Adjusted EBITDA of a loss between $14.5 million and $11.5 million. Cash, cash equivalents and restricted cash stood at $156.4 million as of June 30, 2026, with $79.1 million unrestricted.
In a related transaction, T1 completed the acquisition of foundational solar patents and related intellectual property from Singapore‑based Evervolt Green Energy Holding Pte Ltd for a total consideration of $135 million. The deal included an initial $2 million cash payment and $133 million payable in four installments, either in cash or discounted T1 common shares. The patents cover Tunnel Oxide Passivated Contact (TOPCon) solar cells, which T1 says will strengthen its vertically integrated U.S. silicon solar supply chain. The company also monetized remaining 2025 Section 45X tax credits for $39.1 million and updated capital‑expenditure guidance for its G2_Austin solar‑cell fab to $510 million, moving the first‑cell production target to Q1 2027.
Entities
Dan Barcelo · Evervolt Green Energy Holding Pte Ltd · Evervolt Green Energy Holding Pte Ltd. · G1_Dallas · G2_Austin · KORE Power · Section 45X tax credits · T1 Energy Inc.
Claims
What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] T1 Energy updated G2_Austin Phase 1 capital‑expenditure guidance to $510 million and expects first solar cells in Q1 2027. www.globenewswire.com
- [○ 1 SOURCE] As of June 30 2026, T1 Energy had cash, cash equivalents, and restricted cash of $156.4 million, of which $79.1 million was unrestricted. www.globenewswire.com
- [○ 1 SOURCE] T1 Energy expects Q2 2026 total net sales of $245 million to $255 million and module sales volumes of approximately 835 MW. www.globenewswire.com
- [● 2 SOURCES] The acquired patents cover Tunnel Oxide Passivated Contact (TOPCon) solar cells and modules. pressreach.com · www.iesna.com
- [○ 1 SOURCE] T1 Energy expects to monetize its remaining 2025 Section 45X tax credits for $39.1 million at a price of $0.93 per dollar. www.globenewswire.com
- [● 2 SOURCES] T1 Energy acquired advanced solar patents and IP from Evervolt Green Energy Holding Pte Ltd for a total consideration of $135 million. pressreach.com · www.iesna.com
- [○ 1 SOURCE] T1 Energy projects a net loss from continuing operations of $34 million to $37 million for Q2 2026. www.globenewswire.com