06:32 AM EDT, 10/10/2025 (MT Newswires) -- T1 Energy ( TE ) announced on Friday that it has acquired a minority equity stake in Talon PV.

Financial terms of the transaction were not disclosed.

Talon PV, majority owned by Eagle Group, is developing a 4.8-gigawatt solar cell plant in Baytown, Texas, with commercial operations expected to begin in the first quarter of 2027, T1 Energy ( TE ) said.

The company stated that the transaction was completed through a Simple Agreement for Future Equity and noted that the parties are also in discussions to further expand their strategic relationship. T1 is also developing its own 5 GW solar cell plant project in Rockdale, Texas.

T1 Energy ( TE ) shares were up more than 12% in recent Friday pre-bell activity.