FREYR Battery introduced it’s going to rebrand as T1 Energy. The previous Norwegian firm targeted on lithium battery improvement is now an American photo voltaic panel producer with battery aspirations.
“The rebirth of our firm as T1 Vitality is about American power, jobs, and superior manufacturing. The U.S. wants home provide chains and manufacturing capability to harness its plentiful photo voltaic sources. T1 is dedicated to constructing that capability,” commented Daniel Barcelo, T1’s Chairman of the Board and CEO. “Greater than 80% of recent U.S. electrical energy capability in 2024 was photo voltaic and batteries. T1 plans to guide within the photo voltaic and battery markets by enabling the expansion in power provide required to assist AI, information facilities, reshoring, and electrification — to revive American industrial capability and management in future superior industries.”
T1 Vitality’s headquarters will likely be in Austin, Texas. The corporate operates a 5-GW photo voltaic panel meeting facility in Wilmer, Texas, that makes use of Trina Photo voltaic know-how. T1 has renamed the Wilmer plant “G1 Dallas.”
T1 is procuring websites for a silicon cell manufacturing outfit, which will likely be named “G2.” The corporate anticipates selecting a web site in Q1 with the beginning of development focused for mid-year 2025.
After pivoting to photo voltaic panel manufacturing and shopping for Trina’s Texas panel meeting facility in Nov. 2024 for $340 million, T1 canceled its lithium battery manufacturing plans in Georgia. T1 was unable to seek out monetary assist for the proposed $1.7 billion battery web site and bought the land earlier this month for a reported $50 million.
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