Talon PV Sells Minority Stake to T1 Energy to Advance 4.8 GW Solar Cell Manufacturing Project in Texas

Talon PV LLC, a U.S.-based advanced manufacturer of high-efficiency solar cells, has announced the sale of a minority stake to T1 Energy Inc. (T1).

Under the agreement, T1 has entered into a Simple Agreement for Future Equity (SAFE), securing a minority ownership position in Talon PV. Prior to this partnership, Eagle Group, a Houston-based venture capital firm, provided full funding to Talon PV. The company continues to advance discussions with multiple partners to complete its capital structure and is exploring further strategic collaboration opportunities with T1.

Located in Baytown, Texas, the Talon PV project will establish a 4.8 GW high-efficiency TOPCon solar cell manufacturing facility—significantly enhancing domestic solar production capacity. The facility will produce n-type TOPCon cells, one of the most advanced and commercially proven photovoltaic technologies in the U.S., supporting national goals for domestic content, energy security, and non-FEOC compliance.

The project has secured $97.1 million in state and local tax incentives and is expected to reach commercial operation in the first quarter of 2027. “This milestone with T1 Energy marks a pivotal step in TALON PV’s journey to scale U.S. solar-cell manufacturing,” said Adam Tesanovich, Co-Founder and CEO of TALON PV. “The investment validates our technology roadmap and strengthens our commercial foundation as we move into project financing. With Marathon Capital’s continued support, TALON PV is well-positioned to advance toward construction and deliver 4.8 GW of high-efficiency U.S.-made solar cells to the market by early 2027.”