# T1 Energy solar expansion

> Live situation record from CLSTR: https://clstr.news/situations/t1-energy-solar-expansion
> Updated: 2026-07-30T10:00:19.000Z. Sources: 8. Developments: 2.

On July 28, 2026 T1 Energy Inc. released its preliminary Q2 outlook, projecting net sales of $245 million‑$255 million and a net loss of $34 million‑$37 million. The same release noted the completion of a $135 million acquisition of Evervolt Green Energy’s TOPCon solar‑cell patents to strengthen its U.S. silicon supply chain.

Two days later, on July 30, the company announced a $120 million private placement of 4.75% senior convertible notes due 2031. The notes, senior unsecured obligations, carry semi‑annual interest starting February 1 2027 and may be converted at a rate of 224.0143 shares per $1,000 principal (about a 20% premium to the July 29 closing price). Net proceeds are earmarked for Phase 1 construction, infrastructure and equipment for the G2_Austin solar‑cell fab in Austin, Texas, and for general corporate purposes, serving as a bridge to broader debt financing. Redemption options after August 6 2029 and conversion rights beginning May 1 2031 were also disclosed.

## Timeline

### 2026-07-30: T1 Energy Raises $120 Million via Convertible Notes for Austin Solar Fab

T1 Energy is raising $120 million through 4.75% convertible senior notes due 2031 to finance Phase 1 of its Austin solar‑cell fab, with conversion at $4.46 per share and redemption options after 2029.

5 sources. https://clstr.news/cluster/t1-energy-raises-120-million-through-convertible-note-offering-for-austin-solar-fab

### 2026-07-28: T1 Energy Reports Q2 2026 Results and $135M Evervolt Solar IP Acquisition

T1 Energy posted Q2 2026 outlook with $245‑$255 M sales, $34‑$37 M loss and $156 M cash, and bought Evervolt’s TOPCon solar patents for $135 M to boost its U.S. supply chain.

6 sources. https://clstr.news/cluster/t1-energy-reports-q2-2026-results-delays-austin-solar-cells-to-q1-2027

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Cite as: T1 Energy solar expansion. CLSTR, https://clstr.news/situations/t1-energy-solar-expansion