Earnings summaries and quarterly performance for FREYR Battery.
Research analysts covering FREYR Battery.
Recent press releases and 8-K filings for FREY.
T1 Energy Details Solar Manufacturing Strategy and Financial Position
FREY
New Projects/Investments
M&A
Guidance Update
- T1 Energy, formerly FREYR Battery, has strategically pivoted to become the largest American-owned manufacturer of polysilicon solar modules. The company operates a five-gigawatt module facility (G1 Dallas) and is constructing a five-gigawatt solar cell facility (G2 Austin), with a goal of achieving over 70% domestic content by 2027.
- The company has significantly strengthened its balance sheet, raising over $440 million since October, which includes a $322 million convertible and common equity deal in December and the retirement of $305 million of face value debt for $273 million cash.
- T1 Energy has secured a 900-megawatt offtake agreement with Treaty Oak and maintains a one-gigawatt annual cost-plus contract with Trina Solar US. The company projects an annualized run rate EBITDA of $650-$700 million for both phases of G2, with interim guidance of around $400 million EBITDA run rate by 2027 for G1 and phase one of G2.
- The company is actively building a domestic supply chain, partnering with Hemlock Semiconductor for polysilicon and Corning for wafers, and emphasizes its predominantly American ownership (north of 75%) as part of its de-FIOC efforts.
Jan 14, 2026, 8:00 PM
T1 Energy Outlines Strategic Pivot to Solar and Provides Financial Outlook
FREY
New Projects/Investments
Guidance Update
M&A
- T1 Energy, formerly FREYR Battery, has completed a significant strategic pivot into the solar business, acquiring a 5-gigawatt module facility (G1 Dallas) and commencing construction of a 5-gigawatt solar cell facility (G2 Austin), with the goal of building an integrated end-to-end polysilicon solar supply chain in the United States.
- The company aims to achieve over 70% domestic content by 2027 and has secured key supply chain partners such as Hemlock Semiconductor for polysilicon and Corning for wafers.
- T1 Energy has secured significant offtake contracts, including a 1 gigawatt per year cost-plus contract with Trina Solar US for another four years and a 300 megawatts per year contract for three years with Treaty Oak Clean Energy.
- The company has strengthened its balance sheet, raising over $440 million since October, retiring $305 million of face value debt, and announcing a $160 million 45X sale.
- T1 Energy projects an annualized EBITDA run rate of $650-$700 million for both phases of G2, with an interim target of around $400 million by 2027 for phase one of G2 and G1.
Jan 14, 2026, 8:00 PM
T1 Energy Outlines Strategic Pivot to US Solar Manufacturing and Financial Strengthening
FREY
New Projects/Investments
Guidance Update
M&A
- T1 Energy (formerly FREYR Battery) has strategically pivoted to become the largest American-owned manufacturer of polysilicon solar modules, acquiring a 5-gigawatt module facility (G1 Dallas) and commencing construction of a 5-gigawatt solar cell facility (G2 Austin) to establish an integrated U.S. solar supply chain.
- The company has significantly strengthened its financial position, raising over $440 million since October, including $322 million from a December equity deal and a $160 million 45X sale, while also retiring $305 million of debt for $273 million cash.
- T1 Energy has secured a 900-megawatt offtake contract with Treaty Oak Clean Energy and maintains a 1-gigawatt per year cost-plus contract with Trina Solar US. The company projects an annualized run rate EBITDA of $650-$700 million for both phases of G2 integrated with G1, targeting $300-$400 million EBITDA run rate by 2027 for phase one of G2 and G1.
- The company aims for over 70% domestic content by 2027 through partnerships with U.S. suppliers, positioning itself to qualify for significant domestic content stacking bonuses and investment tax credits.
Jan 14, 2026, 8:00 PM
T1 Energy Reports Q3 2025 Results, Raises Capital for G2 Austin Fab, and Updates Guidance
FREY
Earnings
Guidance Update
New Projects/Investments
- T1 Energy reported record net sales of approximately $210 million for Q3 2025 and maintained its 2025 EBITDA guidance of $25 million-$50 million.
- The company successfully raised $72 million in gross proceeds from a common equity offering and drew $50 million from a commitment with Encompass Capital Advisors, positioning it to begin construction of the first 2.1 GW phase of its G2 Austin solar cell fab in Q4 2025.
- T1 Energy achieved a daily production record at its G1 Dallas facility in October, equating to an annualized run rate of 5.2 GW, and expects Q4 2025 production and module sales to exceed the combined first three quarters of 2025.
- The company introduced annual run rate EBITDA guidance of $375 million-$450 million for integrated production of G1 Dallas with the first 2.1 GW phase of G2 Austin, with G2 Austin expected to achieve full run rate production and sales of 2.1 GW.
Nov 14, 2025, 1:00 PM
T1 Energy Reports Q3 2025 Results and Advances G2 Austin Fab Construction
FREY
Earnings
Guidance Update
New Projects/Investments
- T1 Energy reported record net sales of approximately $210 million for the third quarter of 2025 and reaffirmed its 2025 EBITDA guidance of $25 million-$50 million.
- The company is on track to begin construction of the first 2.1 gigawatt phase of its G2 Austin solar cell fab before year-end 2025, with an expected start of production in Q4 2026.
- T1 Energy raised $72 million in gross proceeds from a common equity offering and drew an additional $50 million from an existing commitment, providing capital for the initial phase of G2 Austin.
- The G1 Dallas module facility achieved a daily production record equating to an annualized run rate of 5.2 gigawatts and is on track to meet its 2025 production plan of 2.6-3 gigawatts.
- T1 Energy accrued $93 million in Section 45X production tax credits through Q3 2025, which are expected to be monetized in Q4 2025.
Nov 14, 2025, 1:00 PM
T1 Reports Q3 2025 Record Sales, Advances G2 Austin Fab Construction, and Secures Capital
FREY
Earnings
Guidance Update
New Projects/Investments
- T1 Energy reported record net sales of approximately $210 million for Q3 2025 and maintained its 2025 EBITDA guidance of $25 million to $50 million.
- The company is proceeding with plans to start construction of the first 2.1 gigawatt phase of its G2 Austin solar cell fab before year-end 2025, targeting an expected start of production in Q4 2026.
- T1 secured $72 million from a common equity offering and an additional $50 million from a commitment with Encompass Capital Advisors to fund the G2 Austin construction.
- Through Q3 2025, T1 accrued $93 million in Section 45X production tax credits, which are expected to be monetized in Q4 2025.
- G1 Dallas achieved a daily production record in October, reaching an annualized run rate of 5.2 gigawatts, and is on track for its 2025 production plan of 2.6-3 gigawatts.
Nov 14, 2025, 1:00 PM
FREY Reports Q3 2025 Results, Maintains Guidance, and Advances G2_Austin Development
FREY
Earnings
Guidance Update
New Projects/Investments
- T1 reported Q3 2025 total net sales of $210.5 million and maintained its 2025 full-year EBITDA guidance of $25 - $50 million.
- The company produced 2,128 MW of solar modules through November 2nd, 2025, at G1_Dallas, maintaining its 2025 production plan of 2.6-3.0 GW. G1_Dallas production is expected to achieve a 4.5 GW annualized run rate in Q4 2025.
- T1 plans to begin Phase 1 construction of its G2_Austin solar cell fab in Q4 2025, with an estimated capital expenditure of $400 - $425 million and first production by year-end 2026.
- As of September 30, 2025, T1 had accrued $93 million in Section 45X tax credits and expects to begin monetizing them in Q4 2025. The unrestricted cash balance was $34 million as of September 30, 2025, with a pro-forma cash balance of $152.2 million.
Nov 14, 2025, 1:00 PM
Quarterly earnings call transcripts for FREYR Battery.
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