On August 20, T1 Energy (formerly FREYR Battery, Inc.), an American shareholding company of Trina Solar, announced its performance report for the second quarter of 2025.
The report shows that in the second quarter of this year, T1 Energy's total net sales were $132.8 million (about 953.1 million yuan), net sales were $66.465 million, gross profit was $32.761 million, and net loss was $31.909 million (about 229 million yuan). Net loss attributable to common shareholders was $32.8 million. For the
first half of the year, T1 Energy reported gross profit of $50.542 million on total sales of $186.2 million, a net loss of $48.148 million and a net loss attributable to common shareholders of $49.93 million.
Although T1 Energy maintained its 2025 EBITDA guidance of $ 25 million to $50 million, it said the final result could fall at the lower end of the forecast range. In terms of
orders, T1 Energy revealed that in the third quarter, it had signed a sales agreement with one of the largest utilities in the United States for 437 MW in 2025, which will be delivered in the third quarter of 2025. It is reported that the company has signed a 2.6G W component supply agreement, which has completed the lowest value of the company's annual manufacturing capacity forecast.
As of August, the G1 factory has produced more than 1.2G W module products. Daniel Barcelo, CEO and Chairman of the Board of Directors of
T1 Energy, said, Since the beginning of July, domestic interest in solar energy has accelerated in a number of ways.. The G2 solar cell project is also getting more and more attention. In March
this year, T1 Energy announced plans to invest $850 million to build G2 Austin 5GW solar cells in Texas, USA. The project will be constructed in two phases, each with a capacity of 2.5G W, or will start construction in the second half of this year. T1 Energy expects the first phase of the project to start production in the fourth quarter of 2026. As of the second quarter of 2025, about $850 million of financing for the project is still in progress.