Mentioned:
T1 Energy is preparing to supply a private power producer in America with solar modules. And they’re owned by BlackRock and Total Energies.
What’s happening:
- T1 Energy (NYSE: TE) has entered into a new deal with independent power producer Clearway Energy Group to supply them with 641 megawatts of solar modules
Why it matters:
- Clearway Energy Group is jointly owned by BlackRock’s Global Infrastructure Partners and Total Energies (NYSE: TTE)
Going deeper:
- T1 Energy has publicly stated they plan to produce the solar cells used in the modules for their new supply deal with Clearway Energy Group at their solar cell fabrication facility known as G2 Austin which is currently under construction
- The solar modules being supplied to Clearway Energy Group will be assembled and producer at T1 Energy’s operational G1 Dallas facility
The intrigue:
- T1 Energy just recently made waves on Wall Street when they entered into a deal to acquire battery energy storage systems company KORE Power for $32M USD
