T1 Energy to Buy Evervolt Solar Assets in $135 Million Deal
The asset purchase advanced T1 Energy’s plan to build an integrated U.S. silicon-based solar supply chain.
T1 Energy Inc. (TE) agreed to acquire foundational solar patents, other intellectual property and related assets from Singapore-based Evervolt Green Energy Holding Pte Ltd. for $135 million. The asset purchase advanced T1’s strategy to build what it described as America’s first fully integrated domestic silicon-based solar supply chain.
The companies expected the transaction to close on July 28, 2026, the date of the announcement. T1 did not disclose a per-asset valuation or other payment mechanics. Unlike a corporate takeover, the transaction centered on selected technology rights and assets rather than Evervolt itself, giving T1 ownership of intellectual property intended to support its manufacturing plans.
T1 said the acquired technology would help distinguish its position as it develops a vertically integrated crystalline-silicon solar business in the U.S. The strategy calls for bringing more of the production chain under a domestic manufacturing platform, with intellectual-property ownership adding a technology layer to the company’s existing supply and factory initiatives.
“Owning the intellectual property rights to leading silicon-based solar technologies is an important step to differentiate T1’s competitive position as a vertically integrated crystalline silicon U.S. solar manufacturer,” Chairman and Chief Executive Dan Barcelo said.
The purchase followed a series of steps by T1 to assemble a U.S.-based solar supply chain. The company previously reached an agreement to source hyper-pure polysilicon and solar wafers produced by Corning Inc. in Michigan, with wafer supply expected to begin alongside the planned start of production at T1’s G2_Austin solar-cell facility. This arrangement would provide traceable American-made components and support its effort to meet federal foreign-entity-of-concern requirements.
T1 had also outlined plans to pair domestic inputs with its G1_Dallas module operations and the G2_Austin cell project. The company previously described G2_Austin as a two-phase development and said its first phase was expected to begin production in the fourth quarter of 2026, subject to financing and policy-compliance work. The Evervolt acquisition added ownership of core solar technology to that physical supply-chain buildout, extending T1’s integration strategy from materials and manufacturing into intellectual property.