On October 24 2025, T1 Energy Inc. announced that it has raised $72 million through a registered direct offering and $50 million via a convertible preferred stock issuance, bringing the total equity capital raised to $122 million. The funds are intended to finance the first 2.1 GW phase of the G2 Austin photovoltaic cell manufacturing facility, which the company plans to begin construction before the end of 2025.
The G2 Austin plant is the next step in T1’s strategy to build a fully integrated U.S. solar supply chain, following the 5 GW G1 Dallas module plant. The first phase will provide a significant portion of the 5 GW total capacity envisioned for the Austin site, and the capital raised will cover a substantial share of the estimated $400–$425 million capital expenditure for this phase. Remaining financing will come from debt and customer offtake deposits, aligning the project’s capital structure with its long‑term revenue‑generation goals.
This equity infusion reduces the company’s reliance on external debt for the initial construction phase and signals strong investor confidence in T1’s growth trajectory. By securing the necessary capital today, T1 positions itself to accelerate the G2 Austin build‑out, enhance domestic content, and strengthen its competitive edge in the U.S. solar market.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.