T1 Energy Inc. is set to expand its operations with the development of a new 5 GW U.S. Solar Cell Facility, G2_Austin, in Milam County, Texas. The company is strategically positioned to benefit from the proposed 45X Production Tax Credit, designed to boost domestic solar production and extend through 2032. T1 Energy is also evaluating a potential excise tax on solar projects using components from Foreign Entities of Concern, and is confident it can align its manufacturing to avoid this tax if implemented. The expansion is part of T1's broader strategy to enhance the domestic solar supply chain, reduce electricity costs, and support the growth of the U.S. solar industry. Construction of the new facility is expected to begin in the third quarter of 2025, following the completion of capital formation initiatives.
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