Successful Capital Raising
T1 raised $72 million in gross proceeds from a registered direct common equity offering and entered a $100 million commitment for the issuance of preferred and common stock.
Record Net Sales
T1 generated record net sales of about $210 million in the third quarter.
Increased Production Capacity
The G1_Dallas facility ramped up production, achieving a daily production record of 14.4 megawatts, equating to an annualized run rate of 5.2 gigawatts.
Advancing G2_Austin Construction
Preparation to start construction of the first phase of the G2_Austin solar cell fab before year-end, with a planned capacity of 2.1 gigawatts.
Strategic Partnerships
Partnerships with Hemlock/Corning, Nextpower, and Talon PV to expand the U.S. solar supply chain.