T1 Energy rises after Norway grid assigns 50 MW to data center site

T1 Energy

18/03/2026 10:34

**  Shares of U.S. solar company T1 Energy TE.N rise 5.8% to $8.25 premarket

** Co says Norway's grid operator Statnett assigned 50 megawatts (MW) of power to its 926,000-square-foot industrial building in Mo i Rana

** Co says it remains in the interconnection queue for 396MW of power

** Co says the 50‑megawatt allocation would support data center operations from as early as Q2 2027 and run through end‑2033

** Co says it is awaiting a decision from Norway's Energy Complaints Board over a dispute concerning the allocation of an additional 60 MW of grid capacity

** Up to last close, TE up 16.6% YTD

 (Reporting by Varun Sahay in Bengaluru)

 ((Varun.sahay@thomsonreuters.com))