T1 Energy Inc. (NYSE:TE) soared 26% on Wednesday, while Nextracker (NASDAQ:NXT) gained 3.5%, after the two companies unveiled a strategic framework agreement focused on the supply of solar panel frames.
The multi-year contract, valued at more than $75 million, will see Nextracker provide its patented steel module frame technology for T1 Energy’s new 5-GW G1_Dallas solar manufacturing facility. The deal is designed to secure a multi-gigawatt supply of solar module frames over several years.
The partnership seeks to shift the market away from imported aluminum frames toward domestically produced frames using U.S.-made specialty steel. Currently, most solar frames are manufactured with extruded aluminum sourced from Asia.
“With potential for surging demand from data centers and AI infrastructure, the U.S. needs to establish critical energy supply chains built on domestic capacity and industrial expertise. This is exactly what T1 and Nextracker are doing, together,” said Daniel Barcelo, Chairman and CEO of T1 Energy.
To support the initiative, Nextracker plans to expand its steel frame production capacity in the U.S. Midwest by adding new manufacturing lines in Texas, creating additional jobs. This expansion builds on its existing Texas network of over a dozen manufacturing partners producing solar tracker components.
The companies emphasized that the steel frames are expected to offer superior durability and reduce exposure to tariffs and global supply chain disruptions compared to conventional aluminum frames.
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