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COMMITMENTS AND CONTINGENCIES (Details)	Mar. 31, 2025 litigationClaim
Commitments and Contingencies Disclosure [Abstract]
Litigation claims	0

NET LOSS PER SHARE

3 Months Ended

Mar. 31, 2025

Earnings Per Share [Abstract]

NET LOSS PER SHARE

The computation of basic and diluted net loss per share attributable to common stockholders is as follows (in thousands, except per share data):


	Three months ended March 31,
	2025		2024
Numerator:
Net loss from continuing operations	$	(4,135)	$	(11,305)
Net loss from discontinued operations, net of tax	(12,104)		(17,385)
Net loss attributable to common stockholders	(17,130)		(28,543)
Denominator:
Weighted average shares of common stock outstanding - basic and diluted	155,933		139,705


Net loss per share:
Net loss per share from continuing operations - basic and diluted	$	(0.03)	$	(0.08)
Net loss per share from discontinued operations, net of tax - basic and diluted	$	(0.08)	$	(0.12)
Net loss per share attributable to common stockholders - basic and diluted	$	(0.11)	$	(0.20)

The outstanding securities that could potentially dilute basic net loss per share in the future that were not included in the computation of diluted net loss per share, as the impact would be antidilutive, are as follows (in thousands):


	Three months ended March 31,
	2025	2024
Redeemable preferred stock (on as converted basis)	20,329	—
Public Warrants	14,675	14,675
Private Warrants	9,950	9,950
EDGE Warrants	687	2,176
Options	10,104	23,991
RSUs	4,017	—
Total	59,762	50,792

FAIR VALUE MEASUREMENT

3 Months Ended

Mar. 31, 2025

Fair Value Disclosures [Abstract]

FAIR VALUE MEASUREMENT

Financial liabilities measured at fair value on a recurring basis, by level within the fair value hierarchy, consisted of the following (in thousands):


	March 31, 2025								December 31, 2024
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Liabilities:
Anti-dilution Right	$	—	$	—	$	6,574	$	6,574	$	—	$	—	$	18,454	$	18,454
Warrant Liability	$	—	$	—	$	1,739	$	1,739	$	—	$	—	$	3,306	$	3,306
Share Purchase Agreement	$	—	$	—	$	1,556	$	1,556	$	—	$	—	$	14,905	$	14,905

We measure our Anti-dilution Right, Share Purchase Agreement and warrant liabilities for Private Warrants at fair value based on significant inputs not observable in the market, which caused them to be classified as Level 3 measurements within the fair value hierarchy. The valuation uses assumptions and estimates that we believe a market participant would use when making the same valuation. Changes in the fair value of the Anti-dilution Right, Share Purchase Agreement and Private Warrants were recognized under other expenses, net in the condensed consolidated statements of operations and comprehensive loss.

As of March 31, 2025 and December 31, 2024, the carrying value of all other financial assets and liabilities approximated their respective fair values.

Anti-dilution Right

The Anti-dilution Right was valued using the Black-Scholes-Merton option pricing model. See Note 8 – Redeemable Preferred Stock, Anti-dilution Right, and Share Purchase Agreement above for further details. Our use of the Black-Scholes-Merton option pricing model for the Anti-dilution Right, required the use of subjective assumptions, including:

•The risk-free interest rate assumption was based on the U.S. Treasury Rates commensurate with the contractual terms of the Anti-dilution Right.

•The expected term was determined based on the expiration date of the Anti-dilution Right.

•The expected volatility assumption was based on the implied volatility from the Company’s stock price.

The fair value of the Anti-dilution Right was determined using this approach, an exercise price of $2.50, and a share price of $1.26 as of March 31, 2025 and $2.58 as of December 31, 2024. An increase in each of the risk-free interest rate, expected term, or expected volatility, in isolation, would increase the fair value measurement, and a decrease in each of these assumptions would decrease the fair value measurement of the Anti-dilution Right.

Share Purchase Agreement

The Share Purchase Agreement was valued using the Black-Scholes-Merton option pricing model. See Note 8 – Redeemable Preferred Stock, Anti-dilution Right, and Share Purchase Agreement above for further details. Our use of the Black-Scholes-Merton option pricing model for the Share Purchase Agreement, required the use of subjective assumptions, including:

•The risk-free interest rate assumption was based on the U.S. Treasury Rates commensurate with the contractual terms of the Share Purchase Agreement.

•The expected term was determined based on the expected transaction date of the Share Purchase Agreement.

•The expected volatility assumption was based on the implied volatility from the Company’s stock price.

The fair value of the Share Purchase Agreement was determined using this approach, an exercise price of $1.05, and a share price of $1.26 as of March 31, 2025 and $2.58 as of December 31, 2024. An increase in each of the risk-free interest rate, expected term, or expected volatility, in isolation, would increase the fair value measurement, and a decrease in each of these assumptions would decrease the fair value measurement of the Share Purchase Agreement.

Private Warrants

The Private Warrants were valued using the Black-Scholes-Merton option pricing model. See Note 7 – Warrants above for further details. Our use of the Black-Scholes-Merton option pricing model for the Private Warrants, required the use of subjective assumptions, including:

•The risk-free interest rate assumption was based on the U.S. Treasury Rates commensurate with the contractual terms of the Private Warrants.

•The expected term was determined based on the expiration date of the Private Warrants.

•The expected volatility assumption was based on the implied volatility from the publicly traded Public Warrants.

The fair value of the Private Warrants was determined using this approach, an exercise price of $11.50, and a share price of $1.26 as of March 31, 2025 and $2.58 as of December 31, 2024. An increase in each of the risk-free interest rate, expected term, or expected volatility, in isolation, would increase the fair value measurement, and a decrease in each of these assumptions would decrease the fair value measurement of the Private Warrants.

Rollforward of Level 3 Fair Value Instruments

The changes in the Level 3 instruments measured at fair value on a recurring basis were as follows (in thousands):


	Three months ended March 31, 2025

	Anti-dilution Right		Private Warrants		Share Purchase Agreement
Balance (beginning of period)	$	18,454	$	3,306	$	14,905

Fair value measurement adjustments	(11,880)		(1,567)		(13,349)


Balance (end of period)	$	6,574	$	1,739	$	1,556

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

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+ Details

DISCONTINUED OPERATIONS

3 Months Ended

Mar. 31, 2025

Discontinued Operations and Disposal Groups [Abstract]

DISCONTINUED OPERATIONS

As of December 31, 2024, we determined that the assets for our European businesses and our Coweta County, Georgia, business met the criteria for classification as held for sale. Additionally, we concluded that the ultimate disposal will represent a strategic shift that will have a major effect on the Company’s operations and financial results. Therefore, the historical results of these businesses are classified as discontinued operations for all periods presented herein.

On February 15, 2025, we completed the sale of our land in Coweta County, Georgia, for $50.0 million. Concurrently with the sale, we repaid a government grant of $20.0 million. As of March 31, 2025, $7.0 million of repayable government grants for the project are classified within current liabilities of discontinued operations on our condensed consolidated balance sheet.

Details of net loss from discontinued operations, net of taxes, are as follows (in thousands):


	Three months ended March 31,
	2025		2024
Costs and expenses
General and administrative	$	4,972	$	7,835
Research and development	—		11,745
Restructuring charge	1,092		62
Share of net loss of equity method investee	425		156
Total costs and expenses	6,489		19,798
Loss from discontinued operations	(6,489)		(19,798)
Gain on disposal of property and equipment	5,675		—
Change in held for sale valuation allowance	363		—
Other (loss) income, net	(10,135)		2,413
Loss from discontinued operations before income taxes	(10,586)		(17,385)
Income tax expense	(1,518)		—
Net loss from discontinued operations, net of tax	$	(12,104)	$	(17,385)

Allocated general corporate overhead costs do not meet the criteria to be presented within net loss from discontinued operations, net of tax, and were excluded from all figures presented in the table above.

Details of the assets and liabilities of discontinued operations classified as held for sale in the condensed consolidated balance sheets are as follows (in thousands):



	March 31, 2025		December 31, 2024

Other current assets	$	1,274	$	8,926
Property and equipment, net	32,358		52,765
Intangible assets, net	1,822		1,625
Investments	—		515
Right-of-use asset under operating leases	2,858		1,078
Current assets of discontinued operations	$	38,312	$	64,909

Accounts payable	$	2,144	$	2,566
Accrued liabilities and other	14,689		5,764
Operating lease liability	15,799		15,136

Other current liabilities	7,572		27,543
Current liabilities of discontinued operations	$	40,204	$	51,009

The cash flows related to discontinued operations have not been segregated and are included in the condensed consolidated statements of cash flows. Cash flow and non-cash information for the discontinued operations are as follows (in thousands):


	Three months ended March 31,
	2025		2024
Depreciation	$	—	$	1,961
Amortization	—		38
Capital expenditures	2,510		21,455
Proceeds from the return of property and equipment deposits	1,202		19,021
Accrued purchases of property and equipment and intangible assets	101		9,981

DISCONTINUED OPERATIONS - Narrative (Details) - USD ($) $ in Millions	Feb. 15, 2025	Mar. 31, 2025
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Repayment of government grant	$ 20.0
Government grant payable		$ 7.0
Government Assistance, Liability, Current, Statement of Financial Position [Extensible Enumeration]		Current liabilities of discontinued operations
Discontinued operations, held-for-sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of discontinued operation	$ 50.0

PROPERTY AND EQUIPMENT, NET AND INTANGIBLE ASSETS, NET - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Finite-Lived Intangible Assets [Line Items]
Depreciation and amortization	$ 3,500	$ 200
Amortization of intangible assets	$ 11,200	$ 0
Customer contracts
Finite-Lived Intangible Assets [Line Items]
Intangible asset, estimated useful life	5 years

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

WARRANTS (Details) - $ / shares	3 Months Ended
WARRANTS (Details) - $ / shares	Mar. 31, 2025	Dec. 31, 2024
Class of Warrant or Right [Line Items]
Warrant outstanding (in shares)	24,600,000	24,600,000
Warrant, number of shares called by each warrant (in shares)	1
Warrant, exercice price (in USD per share)	$ 11.50
Public Warrants
Class of Warrant or Right [Line Items]
Warrant outstanding (in shares)	14,700,000
Warrant, redemption price (in USD per share)	$ 0.01
Warrant, minimum prior written notice	30 days
Warrant, redemption, price trigger (in USD per share)	$ 18.00
Warrant, threshold trading days	20 days
Warrant, threshold consecutive trading days	30 days
Private warrants
Class of Warrant or Right [Line Items]
Warrant outstanding (in shares)	9,900,000

DEBT (Tables)

3 Months Ended

Mar. 31, 2025

Debt Disclosure [Abstract]

Schedule of debt

Our debt arrangements consisted of the following (in thousands):


Loan Agreement	March 31, 2025		December 31, 2024
Trina Solar AG Note	$	150,000	$	150,000
Trina Solar (U.S.), Inc. Production Reserve Fee	220,000		220,000
Senior Secured Credit Facility	235,000		235,000
Convertible note - related party	80,000		80,000
Total debt principal	685,000		685,000
Less: unamortized discount	(81,843)		(82,723)
Total debt	603,157		602,277
Less: current portion	115,492		94,367
Noncurrent portion	$	487,665	$	507,910

Schedule of debt borrowing rates

As of March 31, 2025, our debt borrowing rates were as follows:


Loan Agreement	Interest Rate	Effective Interest Rate
Trina Solar AG Note	1.0%	6.0%
Trina Solar (U.S.), Inc. Production Reserve	—%	4.9%
Senior Secured Credit Facility	SOFR plus 2.5%	7.5%
Convertible note - related party	7.0%	6.9%

Schedule of maturities

The aggregate maturities of long-term debt as of March 31, 2025 were as follows (in thousands):



Remainder of 2025	$	98,367
2026	136,357
2027	141,578
2028	140,951
2029	167,747
Thereafter	—
Total	$	685,000

DEBT

3 Months Ended

Mar. 31, 2025

Debt Disclosure [Abstract]

DEBT

Our debt arrangements consisted of the following (in thousands):


Loan Agreement	March 31, 2025		December 31, 2024
Trina Solar AG Note	$	150,000	$	150,000
Trina Solar (U.S.), Inc. Production Reserve Fee	220,000		220,000
Senior Secured Credit Facility	235,000		235,000
Convertible note - related party	80,000		80,000
Total debt principal	685,000		685,000
Less: unamortized discount	(81,843)		(82,723)
Total debt	603,157		602,277
Less: current portion	115,492		94,367
Noncurrent portion	$	487,665	$	507,910

Trina Solar AG Note

In connection with the Trina Business Combination, we entered into a credit agreement with Trina Solar (Schweiz) AG, a related party. The principal on the note is payable in quarterly installments of $7.5 million commencing on December 31, 2025 and concluding on the December 23, 2029 maturity date with the repayment of the final $30.0 million. The note bears interest at a rate per annum equal to 1.0%.

Trina Solar (U.S.), Inc. Production Reserve Fee

In connection with the Trina Business Combination, we assumed a debt obligation with Trina Solar (U.S.), Inc., a related party. The principal on the debt is payable in annual installments of $44.0 million commencing on the first anniversary of the business combination date. Provided that the Company makes all scheduled installment payments, the debt will bear no interest. However, if the Company fails to make an installment payment, both parties shall negotiate a revised payment schedule in good faith, and any unpaid installment balance will accrue interest at a rate of 6.0% per annum.

Senior Secured Credit Facility

In connection with the Trina Business Combination, we assumed a credit agreement with a consortium of banks, with HSBC Bank USA, N.A. serving as the administrative agent (the “Credit Agreement”). This Credit Agreement provides for $235.0 million in borrowings through a senior secured construction-to-term loan facility. The Facility is dedicated to financing the development, construction, and operation of our five gigawatt solar module manufacturing project in Wilmer, Texas, as well as funding related fees and expenses. The Credit Agreement matures on December 31, 2029.

Borrowings under the Credit Agreement are secured by substantially all of our project-related assets. Interest on amounts drawn accrues at our option of either (i) a base rate (as defined in the Credit Agreement) plus a margin of 3.5% or (ii) the Secured Overnight Financing Rate (“SOFR”) plus a margin of 2.5%. We may prepay the outstanding amounts or reduce the commitment in whole or in part at any time, subject to certain customary conditions. The Credit Agreement requires us to comply with specified financial and non-financial covenants, including the maintenance of certain leverage ratios, a debt service ratio and a facility commissioning deadline. We were in compliance with the financial and non-financial covenants in the Credit Agreement as of March 31, 2025.

Following the substantial completion of the Wilmer facility and satisfaction of other conditions precedent, the Credit Agreement was converted from a construction loan to a term loan on April 30, 2025. In connection with the conversion, we amended the Credit Agreement to reduce the balance required for our debt service reserve account for the initial period starting on April 30, 2025 and ending on June 30, 2025. As a result, we transferred $22.3 million into a restricted cash account to fund the scheduled principal installment and interest payable on June 30, 2025.

Convertible note - related party

In connection with the Trina Business Combination, we issued an $80.0 million convertible note due in five years to Trina Solar (Schweiz) AG, a related party. The note will convert into our common stock in two stages: (i) into 12.5 million shares of common stock, subject to certain adjustments, within five business days of obtaining approval from the Committee on Foreign Investment in the United States (“CFIUS”) on the Trina Business Combination and (ii) into 17.9 million shares of common stock, subject to certain adjustments, within five business days of securing required stockholder approval. If these conditions are not met, the convertible note may be replaced with a new unsecured senior note on similar terms. The convertible note bears interest at 7% per annum, escalating by an additional 3% every 60 days if conversion does not occur within specified deadlines. As of March 31, 2025, $82.1 million was outstanding on the convertible note.

Interest Rates

As of March 31, 2025, our debt borrowing rates were as follows:


Loan Agreement	Interest Rate	Effective Interest Rate
Trina Solar AG Note	1.0%	6.0%
Trina Solar (U.S.), Inc. Production Reserve	—%	4.9%
Senior Secured Credit Facility	SOFR plus 2.5%	7.5%
Convertible note - related party	7.0%	6.9%

Schedule of Principal Maturities of Debt

The aggregate maturities of long-term debt as of March 31, 2025 were as follows (in thousands):



Remainder of 2025	$	98,367
2026	136,357
2027	141,578
2028	140,951
2029	167,747
Thereafter	—
Total	$	685,000

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

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-Paragraph 1C
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1C

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1C

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1C

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1E

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I

+ Details

REDEEMABLE PREFERRED STOCK, ANTI-DILUTION RIGHT AND SHARE PURCHASE AGREEMENT (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands			3 Months Ended
	Dec. 31, 2024	Nov. 06, 2024	Mar. 31, 2025
Class of Stock [Line Items]
Preferred shares outstanding (in shares)	5,000		5,000
Preferred shares issued (in shares)	5,000		5,000
Preferred shares par value (in USD per share)	$ 0.01		$ 0.01
Preferred dividends and accretion			$ 800
Conversion price, common stock, reduced price (in USD per share)			$ 1.79
Series A Preferred Stock
Class of Stock [Line Items]
Preferred shares outstanding (in shares)			5,000
Preferred shares par value (in USD per share)			$ 10.00
Convertible series A preferred stock, $0.01 par value, $5,000 issued and outstanding as of both March 31, 2025 and December 31, 2024 (includes accrued dividends and accretion of $978 and $87 as of March 31, 2025 and December 31, 2024, respectively)			$ 50,000
Preferred stock redemption period	3 years
Preferred stock, liquidation preference (in USD per share)			$ 10.00
Preferred stock, dividend rate, percentage			6.00%
Convertible preferred stock, shares reserved for future issuance (in shares)			5,000
Convertible preferred stock, shares reserved for future issuance amount			$ 50,000
Preferred stock, convertible, conversion price (in USD per share)			$ 2.50
Preferred stock, redemption price (in USD per share)			2.50
Shares \| Private placement
Class of Stock [Line Items]
Issuance of ordinary shares, net of transaction costs		$ 14,800
Sale of stock, price per share (in USD per share)			$ 1.05

PROPERTY AND EQUIPMENT, NET AND INTANGIBLE ASSETS, NET - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Finite-Lived Intangible Assets [Line Items]
Net Carrying Amount	$ 270,686	$ 281,881
Customer contracts
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	283,000	283,000
Accumulated Amortization	(12,314)	(1,119)
Net Carrying Amount	$ 270,686	$ 281,881

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

INVENTORY (Details) - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Inventory Disclosure [Abstract]
Raw materials	$ 213,736	$ 253,409
Spare parts	19,980	0
Finished goods	99,316	21,140
Total	$ 333,032	$ 274,549

COVER - shares	3 Months Ended
COVER - shares	Mar. 31, 2025	May 12, 2025
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2025
Document Transition Report	false
Entity File Number	333-274434
Entity Registrant Name	T1 Energy Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	93-3205861
Entity Address, Address Line One	1211 E 4th St.
Entity Address, City or Town	Austin,
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	78702
City Area Code	409
Local Phone Number	599-5706
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		155,938,092
Entity Central Index Key	0001992243
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2025
Document Fiscal Period Focus	Q1
Amendment Flag	false
Shares
Document Information [Line Items]
Title of 12(b) Security	Common Stock, $0.01 par value
Trading Symbol	TE
Security Exchange Name	NYSE
Warrants, each whole warrant exercisable for one share of Common Stock at an exercise price of $11.50
Document Information [Line Items]
Title of 12(b) Security	Warrants, each whole warrant exercisable for one share of Common Stock at an exercise price of $11.50
Trading Symbol	TE WS
Security Exchange Name	NYSE

ACCRUED LIABILITIES AND OTHER (Details) - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Payables and Accruals [Abstract]
Accrued purchases	$ 55,960	$ 65,146
Accrued payroll and payroll related expenses	$ 6,324	12,378
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Total
Operating lease liabilities	$ 11,101	9,314
Other current liabilities	3,460	4,508
Total	$ 76,845	$ 91,346

PROPERTY AND EQUIPMENT, NET AND INTANGIBLE ASSETS, NET

3 Months Ended

Mar. 31, 2025

Property, Plant And Equipment And Intangible Assets [Abstract]

PROPERTY AND EQUIPMENT, NET AND INTANGIBLE ASSETS, NET

Property and Equipment, net

Property and equipment, net consisted of the following (in thousands):


	March 31, 2025		December 31, 2024


Leasehold improvements	$	192,079	$	—
Machinery and equipment	115,790		—
Office equipment	6,816		2,634
Construction in progress	750		284,136
	315,435		286,770
Less: Accumulated depreciation	(5,188)		(1,583)
Total	$	310,246	$	285,187

Depreciation expense was $3.5 million and $0.2 million for the three months ended March 31, 2025 and 2024, respectively.

Intangible Assets, net

In connection with the Trina Business Combination, we recognized intangible assets related to customer contracts. An estimated useful life of 5 years was determined based on contractual terms of the offtake agreements.

Intangible assets, net consisted of the following (in thousands):


	As of March 31, 2025						As of December 31, 2024
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Customer contracts	$	283,000	$	(12,314)	$	270,686	$	283,000	$	(1,119)	$	281,881

Amortization expense was $11.2 million and zero for the three months ended March 31, 2025 and 2024, respectively.

Future annual amortization expense is estimated to be as follows (in thousands):



Remainder of 2025	$	42,636
2026	56,600
2027	56,600
2028	56,600
2029	55,481
Thereafter	2,769
Total	$	270,686

FAIR VALUE MEASUREMENT - Schedule of Financial Assets and Liabilities at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Anti-dilution Right
Liabilities:
Liabilities:	$ 6,574	$ 18,454
Warrant Liability
Liabilities:
Liabilities:	1,739	3,306
Share Purchase Agreement
Liabilities:
Liabilities:	1,556	14,905
Level 1 \| Anti-dilution Right
Liabilities:
Liabilities:	0	0
Level 1 \| Warrant Liability
Liabilities:
Liabilities:	0	0
Level 1 \| Share Purchase Agreement
Liabilities:
Liabilities:	0	0
Level 2 \| Anti-dilution Right
Liabilities:
Liabilities:	0	0
Level 2 \| Warrant Liability
Liabilities:
Liabilities:	0	0
Level 2 \| Share Purchase Agreement
Liabilities:
Liabilities:	0	0
Level 3 \| Anti-dilution Right
Liabilities:
Liabilities:	6,574	18,454
Level 3 \| Warrant Liability
Liabilities:
Liabilities:	1,739	3,306
Level 3 \| Share Purchase Agreement
Liabilities:
Liabilities:	$ 1,556	$ 14,905

DISCONTINUED OPERATIONS (Tables)

3 Months Ended

Mar. 31, 2025

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations

Details of net loss from discontinued operations, net of taxes, are as follows (in thousands):


	Three months ended March 31,
	2025		2024
Costs and expenses
General and administrative	$	4,972	$	7,835
Research and development	—		11,745
Restructuring charge	1,092		62
Share of net loss of equity method investee	425		156
Total costs and expenses	6,489		19,798
Loss from discontinued operations	(6,489)		(19,798)
Gain on disposal of property and equipment	5,675		—
Change in held for sale valuation allowance	363		—
Other (loss) income, net	(10,135)		2,413
Loss from discontinued operations before income taxes	(10,586)		(17,385)
Income tax expense	(1,518)		—
Net loss from discontinued operations, net of tax	$	(12,104)	$	(17,385)

Details of the assets and liabilities of discontinued operations classified as held for sale in the condensed consolidated balance sheets are as follows (in thousands):



	March 31, 2025		December 31, 2024

Other current assets	$	1,274	$	8,926
Property and equipment, net	32,358		52,765
Intangible assets, net	1,822		1,625
Investments	—		515
Right-of-use asset under operating leases	2,858		1,078
Current assets of discontinued operations	$	38,312	$	64,909

Accounts payable	$	2,144	$	2,566
Accrued liabilities and other	14,689		5,764
Operating lease liability	15,799		15,136

Other current liabilities	7,572		27,543
Current liabilities of discontinued operations	$	40,204	$	51,009


	Three months ended March 31,
	2025		2024
Depreciation	$	—	$	1,961
Amortization	—		38
Capital expenditures	2,510		21,455
Proceeds from the return of property and equipment deposits	1,202		19,021
Accrued purchases of property and equipment and intangible assets	101		9,981

- Definition

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-SubTopic 10
-Topic 360
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482099/360-10-50-3

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 205
-SubTopic 20
-Name Accounting Standards Codification
-Section 45
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483475/205-20-45-11

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
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-Name Accounting Standards Codification
-Section 50
-Paragraph 3A
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-URI https://asc.fasb.org/1943274/2147483499/205-20-50-3A

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
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-Paragraph 4A
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-URI https://asc.fasb.org/1943274/2147483499/205-20-50-4A

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
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-Section 50
-Paragraph 4B
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-URI https://asc.fasb.org/1943274/2147483499/205-20-50-4B

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483499/205-20-50-3

+ Details

PROPERTY AND EQUIPMENT, NET AND INTANGIBLE ASSETS, NET - Schedule of Finite-Lived Intangible Assets, Future Amortization Expense (Details) - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Property, Plant And Equipment And Intangible Assets [Abstract]
Remainder of 2025	$ 42,636
2026	56,600
2027	56,600
2028	56,600
2029	55,481
Thereafter	2,769
Net Carrying Amount	$ 270,686	$ 281,881

DEBT - Narrative (Details) $ in Thousands, shares in Millions	3 Months Ended
	Mar. 31, 2025 USD ($) shares	Dec. 31, 2024 USD ($)	Mar. 31, 2024 USD ($)
Debt Instrument [Line Items]
Restricted cash	$ 2,210	$ 4,004	$ 2,911
Trina Solar AG Note \| Senior notes
Debt Instrument [Line Items]
Debt instrument, future periodic payment	7,500
Debt instrument, balloon payment to be paid	$ 30,000
Interest Rate	1.00%
Trina Solar (U.S.), Inc. Production Reserve Fee \| Loans payable
Debt Instrument [Line Items]
Debt instrument, future periodic payment	$ 44,000
Interest Rate	0.00%
Debt instrument, interest rate, increase (decrease)	6.00%
Convertible note - related party \| Convertible debt
Debt Instrument [Line Items]
Debt instrument, interest rate, increase (decrease)	3.00%
Unsecured convertible note	$ 80,000
Debt instrument, term	5 years
Debt instrument, interest rate terms	60 days
Convertible note - related party	$ 82,100
Convertible note - related party \| Convertible debt \| Tranche one
Debt Instrument [Line Items]
Number of equity instruments (in shares) \| shares	12.5
Convertible note - related party \| Convertible debt \| Tranche two
Debt Instrument [Line Items]
Number of equity instruments (in shares) \| shares	17.9
Secured debt \| Senior Secured Credit Facility \| Line of credit
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 235,000
Restricted cash	$ 22,300
Secured debt \| Senior Secured Credit Facility \| Line of credit \| Base rate
Debt Instrument [Line Items]
Basis spread on variable rate	3.50%
Secured debt \| Senior Secured Credit Facility \| Line of credit \| SOFR
Debt Instrument [Line Items]
Basis spread on variable rate	2.50%

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) $ in Millions	3 Months Ended
	Mar. 31, 2025 USD ($)
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Deferred revenue recognized	$ (31.8)

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2025	Dec. 31, 2024
Statement of Financial Position [Abstract]
Preferred shares par value (in USD per share)	$ 0.01	$ 0.01
Preferred shares outstanding (in shares)	5,000	5,000
Preferred shares issued (in shares)	5,000	5,000
Common stock, par value (in USD per share)	$ 0.01
Common stock, shares issued (in shares)	155,938	155,928
Shares outstanding, beginning balance (in shares)	155,928
Preferred dividends and accretion	$ 978	$ 87

DISCONTINUED OPERATIONS - Details of net loss (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Share of net loss of equity method investee	$ 425	$ 156
Loss from continuing operations	(23,611)	(15,004)
Other income, net	34	1,594
Net loss from discontinued operations, net of tax	(12,104)	(17,385)
Discontinued operations, held-for-sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
General and administrative	4,972	7,835
Research and development	0	11,745
Restructuring charge	1,092	62
Share of net loss of equity method investee	425	156
Total costs and expenses	6,489	19,798
Loss from continuing operations	(6,489)	(19,798)
Gain on disposal of property and equipment	5,675	0
Change in held for sale valuation allowance	363	0
Other income, net	(10,135)	2,413
Loss from discontinued operations before income taxes	(10,586)	(17,385)
Income tax expense	(1,518)	0
Net loss from discontinued operations, net of tax	$ (12,104)	$ (17,385)

COMMITMENTS AND CONTINGENCIES	3 Months Ended
COMMITMENTS AND CONTINGENCIES	Mar. 31, 2025
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Legal Proceedings From time to time, we may be subject to legal and regulatory actions that arise in the ordinary course of business. The assessment as to whether a loss is probable or reasonably possible, and if such loss or a range of losses is estimable, often involves significant judgment, including estimates and assumptions about future events. To the knowledge of our management, as of March 31, 2025 there is no material litigation, claims, or actions currently pending or threatened against us, any of our officers, or directors in their capacity as such, or against any of our property.

FAIR VALUE MEASUREMENT - Narrative (Details)	Mar. 31, 2025 $ / shares	Dec. 31, 2024 $ / shares	Mar. 31, 2024 $ / shares
Series A Preferred Stock
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Preferred stock, redemption price (in USD per share)	$ 2.50
Shares \| Private placement
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Shares, exercise price (in USD per share)	$ 1.05
Measurement input, share price \| Shares
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Shares, measurement input (in USD per share)	1.26		2.58
Private Warrants \| Measurement input, share price
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants, measurement input (in USD per share)	1.26	2.58
Private Warrants \| Measurement input, exercise price
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants, measurement input (in USD per share)	11.50	2.58

NET LOSS PER SHARE - Schedule of Antidilutive Securities Excluded from Computation of Net Loss per Share (Details) - shares shares in Thousands	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total	59,762	50,792
Redeemable preferred stock (on as converted basis)
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total	20,329	0
Public Warrants
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total	14,675	14,675
Private Warrants
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total	9,950	9,950
EDGE Warrants
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total	687	2,176
Options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total	10,104	23,991
RSUs
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total	4,017	0

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	Mar. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The unaudited condensed consolidated interim financial statements have been prepared in conformity with the accounting principles generally accepted in the U.S. (“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of U.S. Securities and Exchange Commission (“SEC”) Regulation S-X. Accordingly, these financial statements do not include all of the information required by U.S. GAAP for complete consolidated financial statements. The unaudited condensed consolidated interim financial statements have been prepared on the same basis as the audited annual consolidated financial statements for the year ended December 31, 2024 and, in management’s opinion, include all adjustments, consisting of only normal recurring adjustments necessary for the fair presentation of the Company’s condensed consolidated financial statements for the periods presented. The results of operations for the three months ended March 31, 2025, are not necessarily indicative of the results to be expected for the full year ending December 31, 2025. The condensed consolidated balance sheet as of December 31, 2024, was derived from the audited consolidated financial statements as of December 31, 2024. However, these condensed consolidated interim financial statements do not contain all of the footnote disclosures from the annual consolidated financial statements. These unaudited condensed consolidated interim financial statements should be read in conjunction with the audited consolidated financial statements and the related notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024 filed with the SEC on March 31, 2025, as amended and supplemented by Amendment No. 1 on Form 10-K/A filed with the SEC on April 30, 2025. The condensed consolidated financial statements include the accounts of T1, its wholly owned subsidiaries, majority-owned subsidiaries, and variable interest entities (“VIE”) of which we are the primary beneficiary. All intercompany accounts and transactions have been eliminated. Certain prior period balances and amounts have been reclassified to conform with the current period’s presentation.
Use of Estimates	Use of Estimates The preparation of the condensed consolidated financial statements in accordance with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. Estimates and assumptions include, but are not limited to, estimates related to the fair value less costs to sell for assets held for sale, impairment of long-lived assets, derivative liability, the valuation of warrant liability, anti-dilution right and share-based compensation. We base these estimates on historical experiences and on various other assumptions that we believe are reasonable under the circumstances, however, actual results may differ materially from these estimates.
Restricted Cash	Restricted Cash Certain cash balances are restricted as to withdrawal or use. Restricted cash includes funds held in a restricted account for the payment of upfront rental lease deposits and government income tax withholdings.
Deferred Revenue	Deferred Revenue During the three months ended March 31, 2025, we recognized revenue of $31.8 million that was included in deferred revenue at the beginning of the period.
Future Adoption of New Accounting Pronouncements	Future Adoption of New Accounting Pronouncements In November 2024, the FASB issued ASU 2024-03, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses, which requires disclosure of disaggregated information about specific categories underlying certain income statement expense line items in the footnotes to the financial statements for both annual and interim periods. This ASU is effective for fiscal years beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027. Early adoption is permitted. We are currently evaluating the impact of the adoption of this standard. In December 2023, the FASB issued ASU No. 2023-09, Improvements to Income Tax Disclosures (Topic 740). The ASU establishes new income tax disclosure requirements in addition to modifying and eliminating certain existing requirements. The ASU is effective for annual periods beginning after December 15, 2024. Early adoption is permitted. Upon adoption, the ASU can be applied prospectively or retrospectively. Adoption of this guidance will result in required additional disclosures being included in our consolidated financial statements.

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY - USD ($) shares in Thousands, $ in Thousands	Total	Shares	Additional Paid-in Capital	Accumulated Other Comprehensive Loss	Accumulated Deficit	Non-controlling interests
Shares outstanding, beginning balance (in shares) at Dec. 31, 2023		139,705
Equity, beginning balance at Dec. 31, 2023	$ 634,716	$ 1,397	$ 925,623	$ (18,826)	$ (274,999)	$ 1,521
Share-based compensation expense	3,670		3,670
Net loss	(28,690)				(28,543)	(147)
Reclassification of warrants from liability classified to equity classified	10		10
Other comprehensive income	(26,044)			(26,044)
Shares outstanding, ending balance (in shares) at Mar. 31, 2024		139,705
Equity, ending balance at Mar. 31, 2024	$ 583,662	$ 1,397	929,303	(44,870)	(303,542)	1,374
Shares outstanding, beginning balance (in shares) at Dec. 31, 2024	155,928	155,928
Equity, beginning balance at Dec. 31, 2024	$ 188,762	$ 1,559	971,416	(58,975)	(725,238)	0
Share-based compensation expense	4,242		4,242
Net loss	(16,239)				(16,239)
Exercise of stock options (in shares)		10
Exercise of stock options	0
Preferred dividends and accretion	(891)		(891)
Other comprehensive income	$ 26,065			26,065
Shares outstanding, ending balance (in shares) at Mar. 31, 2025	155,938	155,938
Equity, ending balance at Mar. 31, 2025	$ 201,939	$ 1,559	$ 974,767	$ (32,910)	$ (741,477)	$ 0

- Definition

Amount after tax and reclassification adjustments of other comprehensive income (loss).

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The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

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-Subparagraph (b)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-1

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
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Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
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-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-7

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 220
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-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482765/220-10-50-5

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Topic 830
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-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481674/830-30-50-1

Reference 32: http://www.xbrl.org/2003/role/disclosureRef
-Topic 830
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-Publisher FASB
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Reference 33: http://www.xbrl.org/2003/role/disclosureRef
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-Topic 946
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Reference 36: http://www.xbrl.org/2003/role/disclosureRef
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Reference 37: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
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-Name Accounting Standards Codification
-Section S99
-Paragraph 1
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Reference 38: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
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Reference 39: http://www.xbrl.org/2009/role/commonPracticeRef
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-Name Accounting Standards Codification
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Reference 40: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
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-Paragraph 3
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Reference 41: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
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-Name Accounting Standards Codification
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-Paragraph 3
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Reference 42: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1

Reference 43: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
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-Section S99
-Paragraph 1
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-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 44: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 323
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-Paragraph 3
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Reference 45: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 49: http://www.xbrl.org/2003/role/disclosureRef
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-Section 65
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476166/350-60-65-1

+ Details

DEBT - Schedule of Principal Maturities of Debt (Details) - USD ($) $ in Thousands	Mar. 31, 2025	Mar. 31, 2024
Debt Disclosure [Abstract]
Remainder of 2025	$ 98,367
2026	136,357
2027	141,578
2028	140,951
2029	167,747
Thereafter	0
Total	$ 685,000	$ 685,000

PROPERTY AND EQUIPMENT, NET AND INTANGIBLE ASSETS, NET (Tables)

3 Months Ended

Mar. 31, 2025

Property, Plant And Equipment And Intangible Assets [Abstract]

Schedule of property and equipment

Property and equipment, net consisted of the following (in thousands):


	March 31, 2025		December 31, 2024


Leasehold improvements	$	192,079	$	—
Machinery and equipment	115,790		—
Office equipment	6,816		2,634
Construction in progress	750		284,136
	315,435		286,770
Less: Accumulated depreciation	(5,188)		(1,583)
Total	$	310,246	$	285,187

Schedule of intangible assets

Intangible assets, net consisted of the following (in thousands):


	As of March 31, 2025						As of December 31, 2024
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Customer contracts	$	283,000	$	(12,314)	$	270,686	$	283,000	$	(1,119)	$	281,881

Amortization expense was $11.2 million and zero for the three months ended March 31, 2025 and 2024, respectively.

Schedule of future amortization expense

Future annual amortization expense is estimated to be as follows (in thousands):



Remainder of 2025	$	42,636
2026	56,600
2027	56,600
2028	56,600
2029	55,481
Thereafter	2,769
Total	$	270,686

DISCONTINUED OPERATIONS -Assets and liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Current assets of discontinued operations	$ 38,312	$ 64,909
Current liabilities of discontinued operations	40,204	51,009
Discontinued operations, held-for-sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Other current assets	1,274	8,926
Property and equipment, net	32,358	52,765
Intangible assets, net	1,822	1,625
Investments	0	515
Right-of-use asset under operating leases	2,858	1,078
Current assets of discontinued operations	38,312	64,909
Accounts payable	2,144	2,566
Accrued liabilities and other	14,689	5,764
Operating lease liability	15,799	15,136
Other current liabilities	7,572	27,543
Current liabilities of discontinued operations	$ 40,204	$ 51,009

ACCRUED LIABILITIES AND OTHER

3 Months Ended

Mar. 31, 2025

Payables and Accruals [Abstract]

ACCRUED LIABILITIES AND OTHER

Accrued liabilities and other consisted of the following (in thousands):


	March 31, 2025		December 31, 2024

Accrued purchases	$	55,960	$	65,146
Accrued payroll and payroll related expenses	6,324		12,378
Operating lease liabilities	11,101		9,314
Other current liabilities	3,460		4,508
Total	$	76,845	$	91,346

FAIR VALUE MEASUREMENT (Tables)

3 Months Ended

Mar. 31, 2025

Fair Value Disclosures [Abstract]

Schedule of Financial Assets and Liabilities at Fair Value on a Recurring Basis

Financial liabilities measured at fair value on a recurring basis, by level within the fair value hierarchy, consisted of the following (in thousands):


	March 31, 2025								December 31, 2024
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Liabilities:
Anti-dilution Right	$	—	$	—	$	6,574	$	6,574	$	—	$	—	$	18,454	$	18,454
Warrant Liability	$	—	$	—	$	1,739	$	1,739	$	—	$	—	$	3,306	$	3,306
Share Purchase Agreement	$	—	$	—	$	1,556	$	1,556	$	—	$	—	$	14,905	$	14,905

Schedule of Changes in the Level 3 Liabilities Measured at Fair Value

The changes in the Level 3 instruments measured at fair value on a recurring basis were as follows (in thousands):


	Three months ended March 31, 2025

	Anti-dilution Right		Private Warrants		Share Purchase Agreement
Balance (beginning of period)	$	18,454	$	3,306	$	14,905

Fair value measurement adjustments	(11,880)		(1,567)		(13,349)


Balance (end of period)	$	6,574	$	1,739	$	1,556

ACCRUED LIABILITIES AND OTHER (Tables)

3 Months Ended

Mar. 31, 2025

Payables and Accruals [Abstract]

Schedule of restructuring accrued liabilities

Accrued liabilities and other consisted of the following (in thousands):


	March 31, 2025		December 31, 2024

Accrued purchases	$	55,960	$	65,146
Accrued payroll and payroll related expenses	6,324		12,378
Operating lease liabilities	11,101		9,314
Other current liabilities	3,460		4,508
Total	$	76,845	$	91,346

WARRANTS	3 Months Ended
WARRANTS	Mar. 31, 2025
Warrants and Rights Note Disclosure [Abstract]
WARRANTS	WARRANTS Public and Private Warrants As of March 31, 2025 and December 31, 2024, we had 24.6 million warrants outstanding (the “Warrants”), consisting of 14.7 million public warrants (the “Public Warrants”) and 9.9 million private warrants (the “Private Warrants”) as of March 31, 2025 and December 31, 2024. Each Warrant entitles the holder thereof to purchase one share of our common stock at a price of $11.50 per share, subject to adjustments. The Warrants will expire on July 9, 2026, or earlier upon redemption or liquidation. We may call the Public Warrants for redemption once they become exercisable, in whole and not in part, at a price of $0.01 per Public Warrant, so long as we provide at least 30 days prior written notice of redemption to each Public Warrant holder, and if, and only if, the reported last sales price of our common stock equals or exceeds $18.00 per share for each of 20 trading days within the 30 trading-day period ending on the third trading day before the date on which we send the notice of redemption to the Public Warrant holders. We determined that the Public Warrants are equity classified as they are indexed to our common stock and qualify for classification within stockholders’ equity. As such, the Public Warrants are presented as part of additional paid-in capital on the condensed consolidated balance sheets. The Private Warrants are identical to the Public Warrants, except that so long as they are held by a certain holder or any of its permitted transferees, the Private Warrants: (i) may be exercised for cash or on a cashless basis and (ii) shall not be redeemable by us. We determined that the Private Warrants are not considered indexed to our common stock as the holder of the Private Warrants impacts the settlement amount and thus, they are liability classified. The Private Warrants are presented as other long-term liabilities on the condensed consolidated balance sheets. If Private Warrants are sold or transferred to another party that is not the specified holder or any of its permitted transferees, the Private Warrants become Public Warrants and qualify for classification within stockholders’ equity at the fair value on the date of the transfer. See also Note 9 – Fair Value Measurement.

DEBT - Schedule of Debt Borrowing Rates (Details)	Mar. 31, 2025
Trina Solar AG Note \| Senior notes
Debt Instrument [Line Items]
Interest Rate	1.00%
Effective Interest Rate	6.00%
Trina Solar (U.S.), Inc. Production Reserve Fee \| Loans payable
Debt Instrument [Line Items]
Interest Rate	0.00%
Effective Interest Rate	4.90%
Senior Secured Credit Facility \| Line of credit \| Secured debt
Debt Instrument [Line Items]
Effective Interest Rate	7.50%
Convertible note - related party \| Convertible debt \| Related party
Debt Instrument [Line Items]
Interest Rate	7.00%
Effective Interest Rate	6.90%

NET LOSS PER SHARE - Schedule of Basic and Diluted Net Loss per Share Attributable to Ordinary Shareholders (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Numerator:
Net loss from continuing operations	$ (4,135)	$ (11,305)
Net loss from discontinued operations, net of tax	(12,104)	(17,385)
Net loss attributable to common stockholders	$ (17,130)	$ (28,543)
Denominator:
Weighted average shares of common stock outstanding - diluted (in shares)	155,933	139,705
Weighted average shares of common stock outstanding - basic (in shares)	155,933	139,705
Net loss per share:
Net loss per share from continuing operations - basic (in USD per share)	$ (0.03)	$ (0.08)
Net loss per share from continuing operations - diluted (in USD per share)	(0.03)	(0.08)
Net loss per share from discontinued operations, net of tax - basic (in USD per share)	(0.08)	(0.12)
Net loss per share from discontinued operations, net of tax - diluted (in USD per share)	(0.08)	(0.12)
Net loss per share attributable to common stockholders - basic (in USD per share)	(0.11)	(0.20)
Net loss per share attributable to common stockholders - diluted (in USD per share)	$ (0.11)	$ (0.20)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Cash flows from operating activities:
Net loss	$ (16,239)	$ (28,690)
Adjustments to reconcile net loss to cash used in operating activities:
Share-based compensation expense	3,939	3,551
Depreciation and amortization	14,678	2,211
Change in fair value of derivative liabilities	(25,229)	0
Gain on sale of property and equipment	(5,675)	0
Accretion of discount on long-term debt	4,640	0
Reduction in the carrying amount of right-of-use assets	1,689	277
Warrant liability fair value adjustment	(1,567)	(146)
Deferred income taxes	(995)	0
Share of net loss of equity method investee	425	156
Foreign currency transaction net unrealized gain	251	(1,359)
Other	1,311	0
Changes in assets and liabilities:
Inventory	(58,483)	0
Advances to suppliers and other current assets	(358)	2,852
Trade accounts receivable	(18,005)	0
Government grants receivable	(13,393)	0
Accounts payable, accrued liabilities and other	56,827	4,930
Deferred revenue	11,370	0
Net cash used in operating activities	(44,814)	(16,218)
Cash flows from investing activities:
Proceeds from the return of property and equipment deposits	1,202	19,021
Purchases of property and equipment	(29,141)	(21,455)
Proceeds from the sale of property and equipment	50,000	0
Net cash provided by (used in) investing activities	22,061	(2,434)
Cash flows from financing activities:
Debt fees paid	(3,760)	0
Net cash used in financing activities	(3,760)	0
Effect of changes in foreign exchange rates on cash, cash equivalents, and restricted cash	959	(4,324)
Net decrease in cash, cash equivalents, and restricted cash	(25,554)	(22,976)
Cash, cash equivalents, and restricted cash at beginning of period	76,645	275,742
Cash, cash equivalents, and restricted cash at end of period	51,091	252,766
Supplementary disclosure for non-cash activities:
Accrued purchases of property and equipment	21,255	9,981
Reconciliation to condensed consolidated balance sheets:
Cash and cash equivalents	48,881	249,855
Restricted cash	2,210	2,911
Cash, cash equivalents, and restricted cash	$ 51,091	$ 252,766

RELATED PARTY TRANSACTIONS	3 Months Ended
RELATED PARTY TRANSACTIONS	Mar. 31, 2025
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS Trina Group We have related party balances and transactions with Trina Solar (Schweiz) AG and its affiliates (the “Trina Group”) as a result of the business combination and through the normal course of business. Module sales of $64.6 million to the Trina Group are presented as net sales for the three months ended March 31, 2025. Deferred revenue from offtake agreements with the Trina Group of $51.5 million and $40.2 million is recognized under deferred revenue as of March 31, 2025 and December 31, 2024. In addition, the Company has agreements with the Trina Group to supply certain materials and components used in our solar module production. As of March 31, 2025 and December 31, 2024, payables to related parties of $88.9 million and $52.5 million were recognized in relation to these agreements. As consideration for the Trina Business Combination, we issued a note payable, a convertible note, and a derivative anti-dilution right to the Trina Group. In addition, the Company assumed an existing debt obligation to the Trina Group. Refer to Note 5 - Debt and Note 8 - Redeemable Preferred Stock, Anti-dilution Right, and Share Purchase Agreement for additional details on these instruments.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-5

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-6

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(g)(3))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
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-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(e))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-Name Accounting Standards Codification
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-URI https://asc.fasb.org/850/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
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-Name Accounting Standards Codification
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-URI https://asc.fasb.org/1943274/2147483326/850-10-50-6

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
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-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

+ Details

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) shares in Thousands, $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 48,881	$ 72,641
Restricted cash	2,210	4,004
Accounts receivable trade, net - related parties	18,005	0
Government grants receivable, net	14,080	687
Inventory	333,032	274,549
Advances to suppliers	164,248	164,811
Other current assets	7,908	1,569
Current assets of discontinued operations	38,312	64,909
Total current assets	626,676	583,170
Property and equipment, net	310,246	285,187
Goodwill	74,527	74,527
Intangible assets, net	270,686	281,881
Right-of-use asset under operating leases	149,570	111,081
Total assets	1,431,705	1,335,846
Current liabilities:
Accrued liabilities and other	76,845	91,346
Deferred revenue	61,525	48,155
Derivative liabilities	1,556	14,905
Current portion of long-term debt	115,492
Current liabilities of discontinued operations	40,204	51,009
Total current liabilities	493,101	414,024
Long-term deferred revenue	30,000	32,000
Operating lease liability	139,921	101,787
Deferred tax liability	20,232	21,227
Other long-term liabilities	9,581	21,761
Total liabilities	1,180,500	1,098,709
Commitments and contingencies
Redeemable preferred stock
Convertible series A preferred stock, $0.01 par value, $5,000 issued and outstanding as of both March 31, 2025 and December 31, 2024 (includes accrued dividends and accretion of $978 and $87 as of March 31, 2025 and December 31, 2024, respectively)	49,266	48,375
Stockholders’ equity:
Common stock, $0.01 par value, $155,938 issued and outstanding as of March 31, 2025 and 155,928 issued and outstanding as of December 31, 2024	1,559	1,559
Additional paid-in capital	974,767	971,416
Accumulated other comprehensive loss	(32,910)	(58,975)
Accumulated deficit	(741,477)	(725,238)
Total equity	201,939	188,762
Total liabilities, redeemable preferred stock, and equity	$ 1,431,705	$ 1,335,846
Common stock, shares issued (in shares)	155,938	155,928
Common stock, shares outstanding (in shares)	155,938	155,928
Nonrelated party
Current liabilities:
Accounts payable	$ 108,532	$ 61,708
Current portion of long-term debt	56,492	42,867
Long-term debt	170,753	188,316
Related party
Current liabilities:
Accounts payable	88,947	52,534
Current portion of long-term debt	59,000	51,500
Convertible note - related party	82,083	80,698
Long-term debt	$ 234,829	$ 238,896

PROPERTY AND EQUIPMENT, NET AND INTANGIBLE ASSETS, NET - Schedule of Property and Equipment (Details) - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024
Property, Plant And Equipment And Intangible Assets [Abstract]
Leasehold improvements	$ 192,079	$ 0
Machinery and equipment	115,790	0
Office equipment	6,816	2,634
Construction in progress	750	284,136
Property and equipment, gross	315,435	286,770
Less: Accumulated depreciation	(5,188)	(1,583)
Property and equipment, net	$ 310,246	$ 285,187

STOCKHOLDERS' EQUITY (Details) shares in Thousands	3 Months Ended
STOCKHOLDERS' EQUITY (Details) shares in Thousands	Mar. 31, 2025 vote $ / shares shares	Dec. 31, 2024 shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Common stock, shares authorized (in shares)	355,000
Common stock, par value (in USD per share) \| $ / shares	$ 0.01
Common stock, shares outstanding (in shares)	155,938	155,928
Votes per share (in votes per share) \| vote	1
RSUs \| Employee
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Vesting period	3 years
Option \| Employee
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Vesting period	3 years
Maximum contractual term	5 years
2021 Plan
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Capital shares reserved for future issuance (in shares)	34,900
2021 Plan \| Employee
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Options granted during the period (in shares)	100
Options forfeited during the period (in shares)	2,000
Options exercised during the period (in shares)	200
RSUs granted during the period (in shares)	2,500
RSUs vested during the period (in shares)	800

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Mar. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Description of the Business T1 Energy Inc., a Delaware corporation (“T1,” the “Company”, “we”, or “us”), is an energy solutions provider building an integrated U.S. supply chain for solar and batteries. We manufacture and sell photovoltaic (“PV”) solar modules in the United States for our U.S. customers. Basis of Presentation The unaudited condensed consolidated interim financial statements have been prepared in conformity with the accounting principles generally accepted in the U.S. (“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of U.S. Securities and Exchange Commission (“SEC”) Regulation S-X. Accordingly, these financial statements do not include all of the information required by U.S. GAAP for complete consolidated financial statements. The unaudited condensed consolidated interim financial statements have been prepared on the same basis as the audited annual consolidated financial statements for the year ended December 31, 2024 and, in management’s opinion, include all adjustments, consisting of only normal recurring adjustments necessary for the fair presentation of the Company’s condensed consolidated financial statements for the periods presented. The results of operations for the three months ended March 31, 2025, are not necessarily indicative of the results to be expected for the full year ending December 31, 2025. The condensed consolidated balance sheet as of December 31, 2024, was derived from the audited consolidated financial statements as of December 31, 2024. However, these condensed consolidated interim financial statements do not contain all of the footnote disclosures from the annual consolidated financial statements. These unaudited condensed consolidated interim financial statements should be read in conjunction with the audited consolidated financial statements and the related notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024 filed with the SEC on March 31, 2025, as amended and supplemented by Amendment No. 1 on Form 10-K/A filed with the SEC on April 30, 2025. The condensed consolidated financial statements include the accounts of T1, its wholly owned subsidiaries, majority-owned subsidiaries, and variable interest entities (“VIE”) of which we are the primary beneficiary. All intercompany accounts and transactions have been eliminated. Certain prior period balances and amounts have been reclassified to conform with the current period’s presentation. Use of Estimates The preparation of the condensed consolidated financial statements in accordance with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. Estimates and assumptions include, but are not limited to, estimates related to the fair value less costs to sell for assets held for sale, impairment of long-lived assets, derivative liability, the valuation of warrant liability, anti-dilution right and share-based compensation. We base these estimates on historical experiences and on various other assumptions that we believe are reasonable under the circumstances, however, actual results may differ materially from these estimates. Risks and Uncertainties We are subject to those risks common to our business and industry and also those risks common to early stage development companies. These risks include those disclosed in Part I, Item 1A, of our Annual Report on Form 10-K for the year ended December 31, 2024 filed with the SEC on March 31, 2025, as amended and supplemented by Amendment No. 1 on Form 10-K/A filed with the SEC on April 30, 2025. These consolidated financial statements have been prepared by management in accordance with U.S. GAAP and this basis assumes that we will continue as a going concern, which contemplates the realization of assets and the satisfaction of liabilities and commitments in the normal course of business. As of the date of this Report, our existing cash resources, which were primarily provided as a result of the business combination with Alussa Energy Acquisition Corporation in 2021 (the “Alussa Business Combination”) and issuance of equity securities, are sufficient to support our planned operations for at least the next 12 months from the date of issuance of these financial statements. Therefore, our financial statements have been prepared on the basis that we will continue as a going concern. Restricted Cash Certain cash balances are restricted as to withdrawal or use. Restricted cash includes funds held in a restricted account for the payment of upfront rental lease deposits and government income tax withholdings. Deferred Revenue During the three months ended March 31, 2025, we recognized revenue of $31.8 million that was included in deferred revenue at the beginning of the period. Future Adoption of New Accounting Pronouncements In November 2024, the FASB issued ASU 2024-03, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses, which requires disclosure of disaggregated information about specific categories underlying certain income statement expense line items in the footnotes to the financial statements for both annual and interim periods. This ASU is effective for fiscal years beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027. Early adoption is permitted. We are currently evaluating the impact of the adoption of this standard. In December 2023, the FASB issued ASU No. 2023-09, Improvements to Income Tax Disclosures (Topic 740). The ASU establishes new income tax disclosure requirements in addition to modifying and eliminating certain existing requirements. The ASU is effective for annual periods beginning after December 15, 2024. Early adoption is permitted. Upon adoption, the ASU can be applied prospectively or retrospectively. Adoption of this guidance will result in required additional disclosures being included in our consolidated financial statements.

RELATED PARTY TRANSACTIONS (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024	Dec. 31, 2024
Related Party Transaction [Line Items]
Net sales - related parties	$ 64,647	$ 0
Accrued liabilities and other	76,845		$ 91,346
Related party \| Trina Group
Related Party Transaction [Line Items]
Net sales - related parties	64,600
Deferred Revenue, Current	51,500		40,200
Accrued liabilities and other	$ 88,900		$ 52,500

- Definition

Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

DEBT - Schedule of Debt (Details) - USD ($) $ in Thousands	Mar. 31, 2025	Dec. 31, 2024	Mar. 31, 2024
Debt Instrument [Line Items]
Total debt principal	$ 685,000		$ 685,000
Less: unamortized discount	(81,843)		(82,723)
Total debt	603,157		602,277
Less: current portion	115,492		94,367
Noncurrent portion	487,665		507,910
Related party
Debt Instrument [Line Items]
Less: current portion	59,000	$ 51,500
Senior notes \| Trina Solar AG Note
Debt Instrument [Line Items]
Total debt principal	150,000		150,000
Loans payable \| Trina Solar (U.S.), Inc. Production Reserve Fee
Debt Instrument [Line Items]
Total debt principal	220,000		220,000
Line of credit \| Senior Secured Credit Facility \| Secured debt
Debt Instrument [Line Items]
Total debt principal	235,000		235,000
Convertible debt \| Convertible note - related party \| Related party
Debt Instrument [Line Items]
Total debt principal	$ 80,000		$ 80,000

NET LOSS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2025

Earnings Per Share [Abstract]

Schedule of Basic and Diluted Net Loss per Share Attributable to Ordinary Shareholders


	Three months ended March 31,
	2025		2024
Numerator:
Net loss from continuing operations	$	(4,135)	$	(11,305)
Net loss from discontinued operations, net of tax	(12,104)		(17,385)
Net loss attributable to common stockholders	(17,130)		(28,543)
Denominator:
Weighted average shares of common stock outstanding - basic and diluted	155,933		139,705


Net loss per share:
Net loss per share from continuing operations - basic and diluted	$	(0.03)	$	(0.08)
Net loss per share from discontinued operations, net of tax - basic and diluted	$	(0.08)	$	(0.12)
Net loss per share attributable to common stockholders - basic and diluted	$	(0.11)	$	(0.20)

Schedule of Antidilutive Securities Excluded from Computation of Net Loss per Share


	Three months ended March 31,
	2025	2024
Redeemable preferred stock (on as converted basis)	20,329	—
Public Warrants	14,675	14,675
Private Warrants	9,950	9,950
EDGE Warrants	687	2,176
Options	10,104	23,991
RSUs	4,017	—
Total	59,762	50,792

INCOME TAXES	3 Months Ended
INCOME TAXES	Mar. 31, 2025
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The provision for income taxes is recorded at the end of each interim period based on our best estimate of our effective income tax rate expected to be applicable for the full fiscal year. Our effective income tax rate was 38% for the three months ended March 31, 2025, and 0% for the three months ended March 31, 2024.

- Definition

The entire disclosure for income tax.

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+ Details

STOCKHOLDERS' EQUITY	3 Months Ended
STOCKHOLDERS' EQUITY	Mar. 31, 2025
Stockholders' Equity Note [Abstract]
STOCKHOLDERS' EQUITY	STOCKHOLDERS' EQUITY Common Stock As of March 31, 2025, 355.0 million shares of common stock were authorized with a par value of $0.01 per share and 155.9 million shares of common stock were outstanding. Holders of common stock are entitled to one vote per share and to receive dividends when, as, and if, declared by our Board of Directors. As of March 31, 2025, we have not declared any dividends. Share-Based Compensation 2021 Plan In June 2021, we adopted the 2021 Equity Incentive Plan (amended and restated as of April 22, 2024), (the “2021 Plan”). The 2021 Plan provides for the grant of stock options, restricted stock, restricted stock units (“RSUs”), stock appreciation rights, performance units, and performance shares to our employees, directors, and consultants. Generally, our stock options and RSUs vest annually over three years and our stock options are exercisable over a maximum period of five years from their grant dates. Options are typically forfeited when the employment relationship ends for employees and they do not typically forfeit for directors. Generally, our RSUs are equity-classified awards, as they are share settled. All exercised options are expected to be settled in shares, net of shares withheld to satisfy the award exercise price. As of March 31, 2025, a total of 34.9 million shares were authorized for issuance to satisfy share-based compensation awards made under the 2021 Plan. During the three months ended March 31, 2025, 0.1 million options were granted, 2.0 million options were forfeited, 0.2 million options were exercised, 2.5 million RSUs were granted and 0.8 million RSUs vested.

- Definition

The entire disclosure for equity.

+ References

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+ Details

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Income Statement [Abstract]
Net sales - related parties	$ 64,647	$ 0
Cost of sales	35,671	0
Gross profit	28,976	0
Selling, general and administrative	52,587	15,004
Loss from continuing operations	(23,611)	(15,004)
Other income (expense):
Warrant liability fair value adjustment	1,567	146
Derivative liabilities fair value adjustment	25,229	0
Interest (expense) income, net	(9,853)	1,405
Foreign currency transaction (loss) gain	(14)	554
Other income, net	34	1,594
Total other income	16,963	3,699
Loss from continuing operations before income taxes	(6,648)	(11,305)
Income tax benefit	2,513	0
Net loss from continuing operations	(4,135)	(11,305)
Net loss from discontinued operations, net of tax	(12,104)	(17,385)
Net loss	(16,239)	(28,690)
Net loss attributable to non-controlling interests	0	147
Preferred dividends and accretion	(891)	0
Net loss attributable to common stockholders	$ (17,130)	$ (28,543)
Weighted average shares outstanding:
Weighted average shares of common stock outstanding - diluted (in shares)	155,933	139,705
Weighted average shares of common stock outstanding - basic (in shares)	155,933	139,705
Net loss per share:
Net loss per share from continuing operations - basic (in USD per share)	$ (0.03)	$ (0.08)
Net loss per share from continuing operations - diluted (in USD per share)	(0.03)	(0.08)
Net loss per share from discontinued operations - basic (in USD per share)	(0.08)	(0.12)
Net loss per share from discontinued operations - diluted (in USD per share)	(0.08)	(0.12)
Net loss per share attributable to common stockholders - basic (in USD per share)	(0.11)	(0.20)
Net loss per share attributable to common stockholders - diluted (in USD per share)	$ (0.11)	$ (0.20)
Other comprehensive income (loss):
Net loss	$ (16,239)	$ (28,690)
Foreign currency translation adjustments	26,065	(26,044)
Total comprehensive income (loss)	9,826	(54,734)
Comprehensive loss attributable to non-controlling interests	0	147
Preferred dividends and accretion	(891)	0
Comprehensive income (loss) attributable to common stockholders	$ 8,935	$ (54,587)

FAIR VALUE MEASUREMENT - Schedule of Changes in the Level 3 Assets and Liabilities Measured at Fair Value (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2025 USD ($)
Anti-dilution Right
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance (beginning of period)	$ 18,454
Fair value measurement adjustments	(11,880)
Balance (end of period)	6,574
Private Warrants
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance (beginning of period)	3,306
Fair value measurement adjustments	(1,567)
Balance (end of period)	1,739
Share Purchase Agreement
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance (beginning of period)	14,905
Fair value measurement adjustments	(13,349)
Balance (end of period)	$ 1,556

DISCONTINUED OPERATIONS - Cash flow information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2025	Mar. 31, 2024
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Depreciation and amortization	$ 3,500	$ 200
Proceeds from the return of property and equipment deposits	1,202	19,021
Accrued purchases of property and equipment	21,255	9,981
Discontinued operations, held-for-sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Depreciation and amortization	0	1,961
Amortization	0	38
Capital expenditures	2,510	21,455
Proceeds from the return of property and equipment deposits	1,202	19,021
Accrued purchases of property and equipment	$ 101	$ 9,981

INVENTORY

3 Months Ended

Mar. 31, 2025

Inventory Disclosure [Abstract]

INVENTORY

Inventory consisted of the following (in thousands):


	March 31, 2025		December 31, 2024

Raw materials	$	213,736	$	253,409
Spare parts	19,980		—

Finished goods	99,316		21,140
Total	$	333,032	$	274,549

INVENTORY (Tables)

3 Months Ended

Mar. 31, 2025

Inventory Disclosure [Abstract]

Schedule of Inventory, Current

Inventory consisted of the following (in thousands):


	March 31, 2025		December 31, 2024

Raw materials	$	213,736	$	253,409
Spare parts	19,980		—

Finished goods	99,316		21,140
Total	$	333,032	$	274,549

REDEEMABLE PREFERRED STOCK, ANTI-DILUTION RIGHT AND SHARE PURCHASE AGREEMENT	3 Months Ended
	Mar. 31, 2025
Equity [Abstract]
REDEEMABLE PREFERRED STOCK, ANTI-DILUTION RIGHT AND SHARE PURCHASE AGREEMENT	REDEEMABLE PREFERRED STOCK, ANTI-DILUTION RIGHT, AND SHARE PURCHASE AGREEMENT Redeemable Preferred Stock As of March 31, 2025, 5.0 million shares of non-voting Convertible Series A Preferred Stock (“Preferred Stock”) are issued and outstanding. Each share of Preferred Stock has a stated value of $10.00, for an aggregate value of $50.0 million. The Preferred Stock was issued to certain funds and accounts managed by Encompass Capital Advisors LLC, a related party, and has a term of 3 years from December 23, 2024. If not converted by the holder, we are required to redeem the Preferred Stock at maturity at par value plus any accrued and unpaid dividends. The Preferred Stock will rank senior to the Common Stock but junior to all debt obligations of the Company and will have a liquidation preference equal to $10.00 per share of Preferred Stock plus accrued but unpaid dividends. The Preferred Stock carries 6% cash dividends, accruing on the funding of the first tranche and payable in arrears (i) on the dividend date 18 months after the first tranche funding and (ii) every six months after such dividend payment date. For the three months ended March 31, 2025, we recognized $0.8 million of accumulated and unpaid dividends. At our sole discretion upon proceeding to a final investment decision on a solar cell manufacturing facility, we may issue an additional second tranche of 5.0 million shares of Series A Preferred Stock to the holders in exchange for $50.0 million (“Tranche Right”). The Preferred Stock has a conversion price of $2.50 per share of Common Stock, however if we elect not to utilize the Tranche Right on the date that the Company proceeds with its final investment decision with respect to a solar cell manufacturing facility, the conversion price is reduced to $1.79 per share of Common Stock. The conversion rights are held by the holder of the Preferred Stock. Anti-dilution Right In connection with the Trina Business Combination, we provided Trina Solar (Schweiz) AG the right (“Anti-dilution Right”), but not the obligation, to acquire a number of shares of our common stock so that Trina Solar (Schweiz) AG’s proportionate ownership of our common stock after the conversion of the Preferred Stock will be the same as before the conversion at a price equal to $2.50 per share of our common stock or otherwise equal to the price for the conversion of Preferred Stock. We determined that the Anti-dilution Right was a freestanding financial instrument and classified it as an other long term liability on our condensed consolidated balance sheets, initially recorded at fair value. The Anti-dilution Right is subsequently revalued until anti-dilution shares are issued or expired, with changes in fair value for each reporting period recognized in derivative liabilities fair value adjustment. Share Purchase Agreement On November 6, 2024, the Company and an investor who is a significant shareholder of Trina Solar, entered into a share purchase agreement (“Share Purchase Agreement”) pursuant to which the investor subscribed to purchase a total of $14.8 million of common stock for $1.05 per share. The purchase and sale of the shares are conditioned upon, amongst other things, CFIUS approval of the transaction. In the event CFIUS approval does not occur, the Company will not be obligated to proceed with the transaction and the Company shall use its best efforts, within six months, to sell an equivalent number of shares of Common Stock in a private offering or public offering at such price per share as the Company shall determine in its absolute direction (the “Alternative Transaction Purchase Price”). If the Alternative Transaction Purchase Price (net of any commissions, fees and expenses) exceeds $1.05, the Company shall pay to the investor an amount equal to the excess multiplied by the number of shares sold (up to the number of shares proposed to be sold pursuant to this agreement). In the event that the Company has not been able to complete such sale of Common Stock by the end of such six month period, no payment shall be due from the Company to the investor. We recognized the Share Purchase Agreement as a derivative liability on our condensed consolidated balance sheets and initially recorded it at fair value. The Share Purchase Agreement is subsequently revalued until shares are issued or in the event of CFIUS turndown, a cash payment occurs with changes in fair value for each reporting period recognized in derivative liabilities fair value adjustment.

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Mar. 31, 2025
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

INCOME TAXES (Details)	3 Months Ended
INCOME TAXES (Details)	Mar. 31, 2025	Mar. 31, 2024
Income Tax Disclosure [Abstract]
Effective income tax rate	38.00%	0.00%