T1 Giga Arctic Approved for Data Center Development

AUSTIN, Texas and NEW YORK, Aug. 27, 2026 (GLOBE NEWSWIRE) -- T1 Energy Inc. (NYSE: TE) (“T1,” “T1 Energy,” or the “Company”) today announced that local officials in Mo i Rana, Norway, have rezoned a portion of the company's Giga Arctic campus, allowing for the development of a data center. T1 is pursuing multiple pathways to monetize this brownfield facility as part of a value optimization initiative.

T1 expects that a 50 MW data center could be operational in 2027, with a pathway to expansion. T1 has a position in the grid capacity queue for a total of 396 MW. T1 believes the existing 926,000-square-foot, state-of-the-art Giga Arctic building is large enough to house a data center of that size.