T1 Energy, a solar and battery manufacturing company, has announced the acquisition of a minority stake in Talon PV, a solar cell manufacturer. The investment was made through a Simple Agreement for Future Equity (SAFE), with both companies continuing to discuss the potential expansion of their strategic partnership in the future.
T1 Energy is currently advancing its own 5 GW G2_Austin solar cell fabrication factory in Rockdale, Texas, with the first phase expected to come online in Q4 2026. Meanwhile, Talon PV is developing a 4.8 GW solar cell plant in Baytown, Texas, with a target for commercial availability in Q1 2027. Talon PV is majority-owned by Eagle Group, a diversified industrial firm.
“We are excited by the opportunity to invest in another American solar energy project that complements our G2_Austin development,” said Daniel Barcelo, T1’s Chief Executive Officer and Chairman of the Board. “Expanding the output of American solar cells is necessary to support energy security, achieve regulatory compliance, and build an American solar industry based on advanced manufacturing and cutting-edge solar technology.”
Both Texas-based companies aim to utilize advanced manufacturing technologies to produce TOPCon solar cells domestically, to support the growing electricity demand driven by artificial intelligence, industrialization, and residential load growth.
In addition to the G2_Austin project, T1 Energy also owns the 5 GW G1_Dallas solar module facility in Wilmer, Texas. Earlier this year, the company also signed a long-term supply agreement with Corning to secure polysilicon and solar wafers manufactured in Michigan.
According to Mercom’s 1H and Q2 2025 Solar Funding and M&A report, there were 50 solar M&A transactions in the first half of 2025, compared to 40 during the same period in 2024.
In August, Activ8 Energies, an Ireland-based solar panel provider, acquired Low Carbon Energy, a solar energy solutions provider. Through this acquisition, Activ8, which is 50% owned by SSE Airtricity, a subsidiary of SSE, plans to double its turnover and installed solar capacity.
