FREYR Battery Rebrands To T1 Energy, Signaling A Fresh Vision For The Future

FREYR Battery has announced a strategic rebranding and will now operate as T1 Energy Inc. (“T1”). This rebranding initiative includes a new company name, corporate logo, refreshed visual identity, and an upcoming change in its ticker symbol on the New York Stock Exchange to “TE.” The transition reflects the company’s commitment to establishing itself as a vertically integrated leader in solar and battery storage solutions in the United States. T1 has also relocated its corporate headquarters to Austin, Texas, as part of this strategic shift.

T1 remains focused on executing its long-term strategy in alignment with the timelines set forth in its Q4 2024 transaction announcement. The company’s solar module production facility in Wilmer, Texas, has been renamed “G1 Dallas” and currently employs more than 1,000 people. The production ramp-up of solar modules at this facility is progressing as planned. Additionally, the site selection process for T1’s future U.S. solar cell manufacturing facility, designated as “G2,” is advancing, with an expected location announcement in the first quarter of 2025. Construction for this facility is still scheduled to commence by mid-2025.

Daniel Barcelo, T1’s Chairman of the Board and Chief Executive Officer, mentioned “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. 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.”

The official name change to T1 Energy Inc. took effect on February 19, 2025. In connection with this rebranding, the company anticipates that, as of the opening of trading on March 3, 2025, its common stock and warrants on the New York Stock Exchange will transition from the current ticker symbols “FREY” and “FREY WS” to the new symbols “TE” and “TE WS.”