Slide 1: Q1 2025 Earnings Call
_0 1 TM Q1 2025 Earnings Call May 15, 2025 T1 Energy _ Q1 2025 Earnings Call G1 Dallas Pictured: Robotic module assembly station at G1 Dallas
Slide 2: Important Notices: Forward Looking Statements
_0 2 TM T1 Energy _ Q1 2025 Earnings Call Important Notices Forward Looking Statements This presentation contains forward - looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 . All statements, other than statements of present or historical facts included in
Slide 3: Participants and Agenda
_0 3 TM Participants and Agenda T1 Energy _ Q1 2025 Earnings Call Daniel Barcelo Chairman of the Board and Chief Executive Officer Evan Calio Chief Financial Officer Jaime Gualy EVP, Corporate Development ▪ U.S. policy overview ▪ Key messages ▪ G1 Dallas and G2 Austin updates ▪ Concluding remarks ▪
Slide 4: U.S. Policy Overview
_0 4 TM U.S. Policy Overview Trade and solar industry policy validates T1’s strategy while also introducing near - term uncertainties T1 Energy _ Q1 2025 Earnings Call Preliminary View of House Ways & Means Markup of Reconciliation Bill ▪ Preservation of 45X PTCs demonstrates support for U.S. solar
Slide 5: U.S. Policy Overview: Near-term Implications
_0 5 TM U.S. Policy Overview Trade and solar industry policy validates T1’s strategy while also introducing near - term uncertainties T1 Energy _ Q1 2025 Earnings Call Near - term Implications Solar Energy Fundamentals ▪ Uncertain tariff rates and opaque Bill of Materials costs make it difficult for
Slide 6: Key Messages
_0 6 TM T1 Energy _ Q1 2025 Earnings Call Key Messages T1 is rapidly transforming into an integrated U.S. solar + storage leader ▪ Signed 253 MW module sales agreement for 2025 with utility - scale developer ▪ Lowering 2025 guidance range to $25 - $50 million to reflect impact of near - term policy
Slide 7: G1 Dallas Operations Update
_0 7 TM T1 Energy _ Q1 2025 Earnings Call G1 Dallas Operations Update Production and revenues expected to continue to ramp with customer deliveries Production status ▪ Produced 688.3 MW of solar modules in 2025 through May 11 th , 2025 ▪ G1 Dallas is fully operational: construction loan conversion c
Slide 8: G2 Austin Update
_0 1 TM ▪ Progressing with two phase development plan: ▪ Phase 1: 4 lines/Phase 2: 4 lines ▪ Capacity: 4.8 - 5.1 GW (product dependent) ▪ Advancing initial project engineering through concept and schematic design development ▪ Launched tender process RFP for production line equipment ▪ Pursuing mult
Slide 9: Reducing 2025 Operating and Financial Guidance
_0 2 TM T1 Energy _ Q1 2025 Earnings Call Updated guidance reflects near - term market uncertainty Reducing 2025 Operating and Financial Guidance ▪ Revenues: reduction in 2025 merchant sales forecast to allow for: ▪ Cost and policy uncertainties creating near - term lull in bidding activity ▪ Intern
Slide 10: T1 Financial Summary
_0 3 TM T1 Energy _ Q1 2025 Earnings Call Summary of T1 financial position T1 Financial Summary T1 revenues continued to ramp in Q1 2025 with customer deliveries ▪ Generated Q1 revenues of $64.6 million from G1 Dallas ▪ Q1 sales exclusively tied to 250 MW of sales under Trina offtake contract G1 Dal
Slide 11: Commercial Update
_0 4 TM T1 Energy _Q1 2025 Earnings Call Commercial Update Developing offtake opportunities with leading developers / IPPs ▪ C ommercial strategy focused on executing additional take or pay offtake contracts ▪ Multi - year purchase commitments with established economics improves planning, working ca
Slide 12: Domestic Road Map
_0 5 TM Domestic Road Map T1 is committed to establishing a domestic content leadership position across an integrated U.S. solar value chain T1 Energy _ Q1 2025 Earnings Call Growing T1’s domestic supply chain ▪ T1 is executing a plan to deliver >70% domestic content on solar PV modules by H1 2027 ▪
Slide 13: Positioning T1 to generate meaningful shareholder value
_0 6 TM T1 Energy _ Q1 2025 Earnings Call Positioning T1 to generate meaningful shareholder value in an evolving U.S. solar market Key Priorities Advance T1’s commercial development Expand T1’s American made supply chain Build a cash flow powerhouse ▪ Execute T1’s domestic vertical integration strat