Domestic solar manufacturer T1 Energy has released its second‑quarter 2026 operating and financial results, posting US$250.1 million in net sales, as construction moves forward on its flagship 2.1 GW G2_Austin solar cell manufacturing facility.
During Q2 2026, the company’s G1_Dallas facility produced 935 MW of solar modules. T1 recorded a US$36.9 million net loss from continuing operations, alongside adjusted EBITDA of US$10.7 million.
Construction progress at G2_Austin Phase 1 has reached the interior fit‑out stage, with the building ready for mechanical, electrical and plumbing installation. Initial production‑line equipment containers have arrived at US ports, and major equipment shipments for Phase 1 are either within the country or en route. First cell output from G2_Austin is targeted for Q1 2027.
Capital expenditure for G2_Austin Phase 1 is now projected at US$510 million, incorporating a newly‑added 20% contingency buffer. T1 noted the extra provision stems from labour and material cost pressures driven by tight construction market conditions for Texas data centre projects.
“We are focused on delivering strong operational and financial performance in the second half of 2026 while we continue to make meaningful progress at G2_Austin, our flagship US solar cell fab,” said Dan Barcelo, Chairman and CEO of T1 Energy.
T1’s production outlook is strengthening for the remainder of 2026. Module output from G1_Dallas is set to accelerate, with Q3 and Q4 run rates expected to surpass Q2’s 935 MW mark. Full‑year 2026 production at the Dallas plant is projected toward the upper end of its prior guidance range of 3.1‑4.2 GW. Earlier in 2026, T1 hit an annualised production rate of 3.4 GW in April, consistent with roughly 3 GW in module contracts secured this year.
On commercial fronts, the firm has signed a 641 MW module supply agreement with independent power producer Clearway Energy Group. Modules under this contract will utilise domestically‑produced cells from the upcoming G2_Austin factory. Back in October 2025, T1 inked a deal with Nextracker for steel module frames to be deployed at its 5 GW Dallas manufacturing site.
A key technology milestone came in July 2026 via T1’s US$135 million acquisition of solar patents and intellectual property from Evervolt Green Energy. The portfolio covers TOPCon (tunnel oxide passivated contact) cell and module technology, which the company intends to integrate with G2_Austin’s domestic cell manufacturing, paired with secured US polysilicon and wafer supply commitments.
T1 has voiced support for new US trade measures targeting imported polysilicon and polysilicon derivatives under the August 6 Section 232 proclamation, which will impose import tariffs effective 4 December and includes incentives for domestic polysilicon investment. T1 plans to engage with the US Department of Commerce to participate in the programme, supported by its G2_Austin build‑out, TOPCon IP assets, and polysilicon and wafer supply pacts with Hemlock Semiconductor and Corning.
The company is also evaluating strategic alternatives for its Nordic portfolio, including a Norwegian data‑centre asset holding a 50 MW grid allocation, with an additional 396 MW of power pending approval.
