T1 Energy climbs after Norway approves data center development at Giga Arctic site

T1 Energy

27/08/2026 14:25

** Shares of U.S. solar company T1 Energy TE.N rise 8.9% to $4.9 premarket
** TE says local officials in Mo i Rana, Norway, approved rezoning part of its Giga Arctic campus for development of a data center
** Adds it holds a position in the grid-capacity queue for up to 396 MW of power
** Also says it is in discussions with multiple parties to explore options to monetize the Giga Arctic facility
** Co says a 50-MW data center could be operational in 2027
** As of last close, TE down 32.5% YTD 


 (Reporting by Varun Sahay in Bengaluru)
 ((Varun.sahay@thomsonreuters.com))