FREYR Battery has officially rebranded as T1 Energy Inc., signaling a strategic shift towards becoming a vertically integrated leader in the U.S. solar and battery storage market. The company, previously listed on the New York Stock Exchange under the ticker “FREY,” will now operate under the new ticker symbol “TE” effective March 3, 2025. This rebranding effort includes a new corporate logo and visual identity, underscoring T1 Energy’s commitment to expanding its footprint from its new headquarters in Austin, Texas.
“The rebirth of our company as T1 Energy is about American energy, jobs, and advanced manufacturing. The U.S. needs domestic supply chains and manufacturing capacity to harness its abundant solar resources. T1 is committed to building that capacity,” commented Daniel Barcelo, T1’s Chairman of the Board and Chief Executive Officer. “More than 80% of new U.S. electricity capacity in 2024 was solar and batteries. T1 plans to lead in the solar and battery markets by enabling the growth in energy supply required to support AI, data centers, reshoring, and electrification – to restore American industrial capacity and leadership in future advanced industries.”
T1 Energy is progressing with its strategic plan as outlined in its Q4 2024 transaction announcement. The company’s solar module production facility in Wilmer, Texas, now renamed “G1 Dallas,” employs over 1,000 individuals and is on track with its production ramp-up. Additionally, T1 Energy is in the process of selecting a site for its planned U.S. solar cell manufacturing facility, “G2,” with site selection expected in the first quarter of 2025 and construction targeted to begin mid-year.
The name change to T1 Energy Inc. became effective on February 19, 2025. Consequently, T1 Energy’s common stock and warrants will transition from trading under “FREY” and “FREY WS” to “TE” and “TE WS,” respectively, on the New York Stock Exchange starting March 3, 2025.
About T1 Energy
T1 Energy Inc. is positioned as an energy solutions provider focused on building an integrated U.S. supply chain for solar and batteries. Following a transformative transaction completed in December 2024, T1 Energy has established itself as one of the leading solar manufacturing companies in the United States, with a strategic emphasis on solar and battery storage. The company is headquartered in the U.S. with plans to expand its operations domestically and is exploring opportunities to optimize its asset portfolio in Europe.
Source: Business Wire
