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Investing.com -- T1 Energy Inc (NYSE:TE) stock jumped 11% after the company announced a strategic commercial agreement with Corning Incorporated (NYSE:GLW) to strengthen the U.S. solar supply chain.
Under the agreement, T1 will source hyper-pure polysilicon and solar wafers produced by Corning at its Michigan facility. Starting in the second half of 2026, these materials will be delivered to T1’s G2_Austin solar cell facility currently under development, with the cells ultimately used in manufacturing solar modules at T1’s operational G1_Dallas site.
The partnership aims to create a vertically integrated solar manufacturing model spanning from raw materials to finished modules, all produced domestically. This approach addresses supply chain uncertainties that have plagued the industry while supporting regulatory compliance and energy resilience.
"This landmark supply chain agreement with Corning will help invigorate America with scalable, reliable, low-cost energy," said Daniel Barcelo, T1’s Chief Executive Officer and Chairman of the Board. "This is American companies building in America and protecting American energy security."
The companies indicated the partnership would support nearly 6,000 American jobs across their Michigan and Texas operations. Corning’s AB Ghosh noted that the agreement "underscores the strong demand for high-quality, American-made solar technologies."
The collaboration comes as demand for electricity in the United States continues to grow, particularly driven by AI development and goals for energy independence. The companies positioned their agreement as addressing the need for rapidly scalable domestic energy production.
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