T1 Energy secures $50 million in convertible notes for Austin solar cell factory construction. The bridge financing matures in August 2031 and brings total unsecured obligations to $170 million.
PUBLIC · TEOct 02, 2026
Amount Raised
$50 Million
Round Type
Convertible Note
AustinManufacturingEnergyRenewable EnergySolar
Investors
Existing Institutional Shareholder
Description
T1 Energy issued additional senior convertible notes with a face value of $50.0 million, with gross proceeds expected to reach approximately $50.4 million. The notes carry a 4.75% coupon and mature in August 2031. Proceeds are earmarked for construction and equipment procurement for Phase 1 of the G2_Austin solar cell factory in Texas, alongside general corporate purposes. The company framed the transaction as a bridge toward a broader financing solution.
Company Information
Company
T1 Energy
Location
Austin, Texas, United States
About
T1 Energy Inc. is an energy solutions provider building an integrated U.S. supply chain for solar and batteries. In December 2024, T1 completed a transformative transaction, positioning the Company as one of the leading solar manufacturing companies in the U.S., with a complementary solar and battery storage strategy. Based in the U.S. with plans to expand its operations in America, the Company is also exploring value optimization opportunities across its portfolio of assets in Europe.
Fundz sees it the moment T1 Energy raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
AustinManufacturingEnergyRenewable EnergySolar