T1 Energy Inc. (TE), on Friday said Chairman and CEO Dan Barcelo met with U.S. Vice President JD Vance on Thursday during a policy conference in Washington, D.C., to discuss American energy and manufacturing.
The company reiterated plans to begin construction on the 2.1 GW first phase of its G2_Austin solar cell facility before year-end.
The company raised a significant portion of the required capital through equity financing in October.
The first phase is projected to cost $400 million $425 million, employ about 1,700 people, and start producing solar cells in the fourth quarter of 2026.
The company currently operates the G1_Dallas module facility in Wilmer, Texas, which is expected to produce 2.6 GW to 3.0 GW of solar modules in 2025
T1 Energy is building an integrated domestic silicon-based supply chain to meet rising electricity demand from AI data centers, industry and households.
In the pre-market trading, T1 Energy is 0.55% lesser at $2.7100 on the New York Stock Exchange.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.