T1 Energy Strategy Supported by Section 232 Polysilicon and AD/CVD Investigations

Globe and Mail

4 days ago

AUSTIN, Texas and NEW YORK, July 28, 2025 (GLOBE NEWSWIRE) -- T1 Energy Inc. (NYSE: TE) ('T1,' 'T1 Energy,' or the 'Company') supports the recent announcement that the U.S. Secretary of Commerce will initiate an investigation under Section 232 of the Trade Expansion Act of 1962 into the use of foreign-sourced polysilicon and polysilicon derivatives. T1 Energy's contract to purchase hyper-pure American polysilicon would likely be advantaged by any potential tariffs or import restrictions that result from this case. T1 Energy also believes the Section 232 investigation will result in strengthening U.S. energy security and boosting American advanced manufacturing.
In alignment with its strategy to build a domestic solar supply chain, T1 also plans to file in support of tariffs under the recently filed Solar 4 anti-dumping and countervailing duty case ('AD/CVD') covering certain imports from Indonesia, Laos and India. T1 expects to benefit from potential tariffs under this case, which will support the Company's efforts to build a vertically integrated supply chain including the G2_Austin solar cell manufacturing facility. As a Texas-based, NYSE listed, U.S. solar manufacturing leader, T1 has and will continue to actively advocate for strong trade policy, enforcement and remedies that promote the strategic development of the U.S. solar value chain. T1 believes these two trade actions are consistent with the Trump Administration's efforts to safeguard and prioritize American manufacturing.
'It is time to bring back American manufacturing. We're doing that at T1 Energy. The Commerce Department's 232 polysilicon investigation and the Solar 4 AD/CVD case should strengthen our efforts to build an American advanced manufacturing champion. We believe these cases will put the wind at our back and provide the right policy environment to execute our business plan,' said Daniel Barcelo, T1's Chairman of the Board and Chief Executive Officer.
T1 Energy plans to develop a domestic solar supply chain are ongoing. They include the operational 5 GW G1_Dallas solar module facility and its current contract to source domestic polysilicon, as well as its planned G2_Austin solar cell facility. T1 Energy plans to actively participate in the development of a federal trade policy that supports the expansion of U.S. energy and advanced manufacturing.
About T1 Energy
T1 Energy Inc. (NYSE: TE) 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 United States, with a complementary solar and battery storage strategy. Based in the United States with plans to expand its operations in America, the Company is also exploring value optimization opportunities across its portfolio of assets in Europe.
To learn more about T1, please visit www.T1energy.com and follow us on social media.
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Cautionary Statement Concerning Forward-Looking Statements:
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including without limitation with respect to: potential advantages of the Company's existing polysilicon supply contract related to tariffs or import restrictions resulting from the Section 232 polysilicon investigation; the Company's belief that the Commerce Department's Section 232 investigation will result in strengthening U.S. energy security and boosting American advanced manufacturing; the Company's strategy to build a domestic solar supply chain; the Company's plans to file in support of tariffs under the recently filed Solar 4 anti-dumping and countervailing duty case covering certain imports from Indonesia, Laos and India; the expectation that the Company will benefit from potential tariffs under the 232 case, which will support its efforts to build a vertically integrated supply chain including the planned G2_Austin solar cell manufacturing facility; the Company's efforts to advocate for strong trade policy, enforcement and remedies that promote the strategic development of the U.S. solar value chain; the Company's belief that these two trade actions are consistent with the Trump Administration's efforts to safeguard and prioritize American manufacturing; the Company's belief that the Commerce Department's 232 polysilicon investigation and the Solar 4 AD/CVD case will provide the right policy environment to execute its business plan; and the Company's plans to actively participate in the development of a federal trade policy that supports the expansion of U.S. energy and advanced manufacturing. These forward-looking statements are based on management's current expectations. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause actual future events, results, or achievements to be materially different from the Company's expectations and projections expressed or implied by the forward-looking statements. Important factors include, but are not limited to, those discussed under the caption 'Risk Factors' in (i) T1's Annual Report on Form 10-K for the year ended December 31, 2024 filed with the Securities and Exchange Commission (the 'SEC') on March 31, 2025, as amended and supplemented by Amendment No. 1 on Form 10-K/A filed with the SEC on April 30, 2025; (ii) T1's Quarterly Report on Form 10-Q for the quarter ended March 31, 2025 filed on May 15, 2025; (iii) T1's Post-Effective Amendment No. 1 to the Registration Statement on Form S-3 filed with the SEC on January 4, 2024; and (iv) T1's Registration Statement on Form S-4 filed with the SEC on September 8, 2023 and subsequent amendments thereto filed on October 13, 2023, October 19, 2023 and October 31, 2023. All of the above referenced filings are available on the SEC's website at www.sec.gov. Forward-looking statements speak only as of the date of this press release and are based on information available to the Company as of the date of this press release, and the Company assumes no obligation to update such forward-looking statements, all of which are expressly qualified by the statements in this section, whether as a result of new information, future events or otherwise, except as required by law.
T1 intends to use its website as a channel of distribution to disclose information which may be of interest or material to investors and to communicate with investors and the public. Such disclosures will be included on T1's website in the 'Investor Relations' section. T1, and its CEO and Chairman of the Board, Daniel Barcelo, also intend to use certain social media channels, including, but not limited to, X, LinkedIn and Instagram, as means of communicating with the public and investors about T1, its progress, products, and other matters. While not all the information that T1 or Daniel Barcelo post to their respective digital platforms may be deemed to be of a material nature, some information may be. As a result, T1 encourages investors and others interested to review the information that it and Daniel Barcelo posts and to monitor such portions of T1's website and social media channels on a regular basis, in addition to following T1's press releases, SEC filings, and public conference calls and webcasts. The contents of T1's website and its and Daniel Barcelo's social media channels shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.