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T1 Energy Secures 50MW Grid Allocation for Mo i Rana Data Center
T1 Energy Inc. (NYSE: TE) ("T1," "T1 Energy," or the "Company") today announced that Norway's national grid operator, Statnett, has assigned 50MW of grid power to T1 Energy's existing 926,000-square-foot industrial building in Mo i Rana. T1 remains in the interconnection queue for 396MW of power and is grateful the grid operator recognized the importance of this 50MW accelerated power allocation to an existing industrial site.
"T1 is building a solar supply chain to deliver scalable, reliable, and low-cost energy in the United States. Our legacy assets in the Nordics could be developed as world-class data centers utilizing the region's abundant low-cost power and human capital with a strong industrial heritage," said Daniel Barcelo, T1 Energy's Chairman and CEO.
Pareto Securities has been engaged to maximize the shareholder value of the Mo i Rana facility for T1.
The 50MW of N-0 power requires an uninterruptible power supply (UPS) and step-down transformer infrastructure to serve anticipated data center loads as early as Q2 2027. The temporary power allotment runs through the end of 2033.
"Access to 50MW is a key step forward. It represents the first phase of a world-class data center development and accelerates our dialogue with parties seeking available, scalable, and secure European AI infrastructure," said Andreas Bentzen, T1 Energy's Chief Technology Officer. "Global AI compute demand is expanding faster than new grid capacity. Strategic locations, such as Mo i Rana, where abundant electricity and industrial infrastructure intersect, are in high demand."
Separate from the 50MW assignment, T1 is awaiting a decision from Energiklagenemnda, or the Norwegian Energy Complaints Board, on the previously communicated dispute related to the allocation of an incremental 60 MW of grid capacity.
Access to secure and affordable grid power is a critical constraint for global data center and AI infrastructure development. T1 Energy's Mo i Rana facility is near installation-ready, enabling accelerated deployment of AI compute capacity at a site characterized by:
Near 100% hydroelectric power from the grid;
Low-cost electricity in northern Norway;
Cold climate cooling advantages, improving energy efficiency and compute density;
An existing industrial park well-suited for data center and infrastructure deployment; and
A region with established digital infrastructure, including Norway's National Library data cluster.
The new 50MW reservation confirmed by Statnett should advance discussions with AI cloud operators, hyperscalers, industrial partners, and financial investors evaluating the site for long-term strategic development. As AI workloads shift to more power-dense GPU clusters and training environments, access to scalable, reliable, and geopolitically stable grids is becoming a key competitive differentiator for operators and investors. T1 is striving to maximize the value and redevelop its legacy industrial asset in Mo i Rana into the newest node of global AI infrastructure.
T1 remains focused on its core mission of building a U.S. solar supply chain, including its flagship G2_Austin solar cell fab.
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COMTEX_479078237/2227/2026-05-13T15:57:18