16 December 2025
T1 Energy Inc.
10-K / April 30, 2025
Company Summary of T1 Energy Inc.
Overview
T1 Energy Inc., formerly known as FREYR Battery, Inc., is a company focused on energy projects and manufacturing. The company is involved in the development and operation of renewable energy facilities, particularly solar energy, and the manufacturing of solar modules and cells.
Business Focus
- Engages in the design, construction, and management of renewable energy assets, including utility-scale solar projects.
- Manufactures solar modules and solar cells, with licensing agreements from Trina Solar (Schweiz) AG.
- Provides module operational support and aftermarket sales services related to solar energy equipment.
- Develops and operates solar manufacturing facilities, including a solar cell and module production plant.
- Engages in energy transition initiatives, leveraging low-emission and disruptive technologies in the renewable energy sector.
Key Transactions & Agreements
- Acquired assets and companies from Trina Solar, involving cash consideration ($100 million), issuance of stock (15,437,847 shares), and convertible/unsecured notes.
- Entered into several commercial, licensing, and support agreements with Trina Solar and its affiliates.
- Issued preferred stock to energy-focused funds in exchange for $50 million, with options to issue additional shares.
- Engaged in multiple related person transactions, including consulting agreements and employment arrangements with executives and their family members.
Leadership & Governance
- The Board of Directors includes experienced individuals with backgrounds in energy, finance, geopolitics, and technology.
- The current leadership includes a Chief Executive Officer, Chief Financial Officer, Chief Development Officer, and other senior officers.
- The company has a combined Chairman and CEO leadership structure, with multiple independent directors and committees focusing on audit, risk, compensation, and governance.
Operations & Employees
- As of April 28, 2025, the company had approximately 156 million shares of common stock outstanding.
- The number of employees, revenue, and net income figures are not provided in the given text.
Financials
- Specific revenue, net income, and employee count are not included in the provided documentation.
- Total market value of non-affiliate shares as of June 30, 2024, was approximately $196 million, based on a $1.70 stock price.
Summary
T1 Energy Inc. is engaged in renewable energy project development, solar module and cell manufacturing, and energy transition initiatives with strategic investments, licensing agreements, and a focus on industrial-scale solar manufacturing. It operates with a leadership team experienced in energy, finance, and geopolitics, and has made key acquisitions and financing arrangements to support its growth.
