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Overview
FREYR Battery makes battery cells for electric vehicles (EVs) and energy storage systems (ESS) using a Nordic supply chain and large-scale production in Mo i Rana, Northern Norway. The cells store chemical energy for repeated charge-discharge cycles and FREYR uses automated cathode casting to improve production efficiency and consistency, targeting longer cycle life, higher depth of discharge, better round-trip efficiency, and lower levelized cost of storage. Differentiators include a Nordic renewable-energy cluster and full regional supply chain that reduce costs, combined with scale and automation, plus plans to expand into the United States to broaden capacity and market reach. The goal is to provide high-quality, cost-effective battery cells for EVs and ESS while expanding production capacity and geographic reach with a focus on sustainability and profitability.
About T1 Energy
Industries
Automotive & Transportation
Industrial & Manufacturing
Energy
Company Size
201-500
Company Stage
IPO
Headquarters
Austin, Texas
Founded
2018
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Simplify's Take
What believers are saying
- Q2 2026 sales reached $250.1 million, while G1_Dallas produced 935 MW.
- Clearway and Treaty Oak contracts give T1 near-term revenue visibility through 2027.
- Mo i Rana approved 50 MW data-center use, monetizing stranded European assets.
What critics are saying
- First Solar's 2026 ITC case can block TOPCon shipments before February 2027.
- T1 still needs $200 million-$250 million for G2_Austin Phase 1 completion.
- Convertible notes and follow-on equity show persistent dilution pressure into 2027.
What makes T1 Energy unique
- G2_Austin plus 2026 Evervolt TOPCon patents create a domestic technology stack.
- Clearway's 641 MW contract validates T1's U.S.-made solar supply chain.
- Mo i Rana data-center rezoning preserves optionality across energy, storage, and infrastructure.
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Funding
Total Funding
$2.3B
Above
Industry Average
Funded Over
18 Rounds
Benefits
Flexible Work Hours
Hybrid Work Options
Stock Price
Growth & Insights and Company News
6 month growth
↓ -1%1 year growth
↓ -9%2 year growth
↓ -16%T1 Energy raised approximately $160 million through a follow-on share sale at roughly $4.96 per share, shortly after securing rezoning approval for a potential data centre project in Mo i Rana, Norway. The company's share price has fallen 37.37% year to date and 42.03% over three months in 2026, despite delivering a one-year total shareholder return of 162.57%. The stock now trades around $4.91, well below the most followed analyst fair value estimate of $10.25 per share. Analysts point to US electricity demand growth driven by AI infrastructure, transport electrification, and manufacturing onshoring as key drivers for T1's solar modules and storage solutions business. However, the company faces risks from reliance on US policy incentives and intensive capital requirements for projects including G2_Austin.
T1 Energy announced that local officials in Mo i Rana, Norway, have approved rezoning of part of its Giga Arctic facility for data center development. The company expects a 50 MW data center could become operational in 2027, with potential for expansion. T1 holds a position in the grid capacity queue for 396 MW total. The municipal committee approved a permit allowing 161,000 square feet of the campus to be rezoned for industrial use or data center operations. The site benefits from access to low-cost electricity supplied primarily by hydropower. T1 holds a 50-year lease on the location within an industrial park in northern Norway. The company is in discussions with multiple parties regarding the project as part of its value optimisation initiative for European assets.
T1 Energy (NYSE: TE) announced a follow-on equity offering, adding new shares to its existing stock base. The transaction is expected to affect the company’s capital structure and funding mix once completed. Management signaled that proceeds are intended to support T1 Energy’s next phase of growth and investment plans. This type of capital raise highlights how equity funding can reshape risk and return, and there are many other companies with similar exposure to consider through 79...
T1 Energy reported second-quarter 2026 results, producing 935 megawatts of solar modules at its Dallas facility. The company posted a gross margin of 19.5%, up 300 basis points from the previous quarter, and adjusted EBITDA of $10.7 million. T1 Energy raised $120 million in August through convertible notes due in 2031. The company ended the quarter with $149 million in cash and equivalents. The firm secured a 641-megawatt supply agreement with Clearway Energy Group, adding to its existing 900-megawatt Treaty Oak contract. T1 Energy expects full-year production to reach the high end of its 3.1-to-4.2-gigawatt guidance range. Construction of the Austin facility remains on schedule, with first cell production expected in the first quarter of 2027. The company acquired Topcon intellectual property to eliminate future licensing costs.
T1 Energy has secured a 641-megawatt offtake agreement with Clearway Energy Group and acquired TOPCon intellectual property from Evervolt Green Energy to eliminate recurring licensing fees. The company is progressing construction at its G2_Austin solar cell fab, with first cell production targeted for Q1 2027. G1_Dallas produced 935 megawatts of modules in Q2, tracking towards the high end of full-year 2026 guidance of 3.1 to 4.2 gigawatts. T1 expanded into battery energy storage and data centre markets through its acquisition of KORE Power, rebranded as T1 NRI. The company is targeting debt financing to fund the remaining $200 million to $250 million in Phase 1 capital expenditures for G2_Austin. T1 executed a $120 million convertible note private placement in July as a liquidity bridge.
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About T1 Energy
Industries
Automotive & Transportation
Industrial & Manufacturing
Energy
Company Size
201-500
Company Stage
IPO
Headquarters
Austin, Texas
Founded
2018
T1 Energy is Hiring for 43 Jobs on Simplify!
Find jobs on Simplify and start your career today