T1 Energy enters non-binding Heads of Agreement with Saudi partner for G2 Austin solar facility

T1 Energy Inc.

Heads of Agreement signed on May 13, 2025 with Saudi partner Manaar Gulf Saudi Arabia Ltd.
Agreement targets investment in T1's planned G2 Austin 5GW solar cell manufacturing facility in Texas.
Signing ceremony held in Riyadh, hosted by Saudi Ministry of Investment under 'America First' program.
CEO Daniel Barcelo stated the deal aims to bring strategic capital to support U.S. solar manufacturing.
Non-binding agreement includes potential for complementary investments in Saudi solar manufacturing.

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