T1 Energy acquires Evervolt solar patents, IP assets for $135 million
TE•Payment structure runs through October 2026
Payment structure includes $2 million upfront, then $60 million due within three business days of the July 28 close.
The remaining $73 million is due in three installments through Oct. 30, 2026, payable in cash or common stock.
T1 Energy acquires Evervolt solar patents and IP assets
T1 Energy acquired solar patents and other IP assets from Evervolt for $135 million, securing ownership of TOPCon cell and module technology.
The deal replaces a prior license arrangement, removing future royalty payments tied to the TOPCon portfolio.
