T1 Energy has finalized a series of strategic agreements with Trina Solar and other counterparties to ensure eligibility for Section 45X tax credits in 2026. Over the past several months, the company raised new capital, repaid a substantial portion of its Trina Solar–held debt using both cash and common stock, and amended its certificate of incorporation to cap any single foreign entity’s equity stake below 25%. In addition, T1 restructured intellectual property licensing by transitioning its patent portfolio from Trina Solar to Evervolt Green Energy Holding Pte Ltd., conducting thorough diligence to confirm Evervolt’s non-FEOC status. The company also nullified Trina Solar’s right to appoint covered officers and performed extensive supply-chain reviews to certify that all solar cells for 2026 production will originate from non-FEOC suppliers or from its own G2 facility once operational.

In December 2025, T1 Energy executed its inaugural monetization of production tax credits, selling $160 million of Section 45X credits to an investment-grade tax-credit buyer at $0.91 per dollar of credit. Citigroup Global Markets served as financial advisor on the transaction, which covers credits accrued and third-party verified through year-end. The agreement includes a true-up mechanism scheduled for February 2026, contingent on final confirmation of December module output. This sale underscores T1’s ability to convert future tax benefits into immediate liquidity, strengthening its balance sheet ahead of planned capacity expansions.

Looking ahead, T1 is focused on scaling high-domestic-content solar module and cell production. Its G1 Dallas module line is now fully ramped, while construction of the G2 Austin cell fab is underway, with initial commissioning slated for mid-2026. To bolster its traceable U.S. supply chain, T1 has secured domestic polysilicon from Hemlock Semiconductor, wafer supply from Corning and steel frames from Nextpower. These initiatives are designed to meet OBBBA requirements by reducing reliance on potentially restricted foreign inputs and to position T1 as a leading source of American-made solar technologies.