TE T1 acquires $135M solar patent portfolio from Evervolt ⠀ • T1 acquired Evervolt's TOPCon solar patents and related intellectual prop
TE T1 acquires $135M solar patent portfolio from Evervolt ⠀ • T1 acquired Evervolt's TOPCon solar patents and related intellectual property for $135M, eliminating future royalty payments. • The company plans to fund the first $60M payment with stock and may use cash, stock, or a combination for the remaining installments. • T1 said the acquisition strengthens its strategy to build a fully integrated U.S. silicon-based solar supply chain.
TE T1 acquires $135M solar patent portfolio from Evervolt ⠀ • T1 acquired Evervolt's TOPCon solar patents and related intellectual property for $135M, eliminating future royalty payments. • The company plans to fund the first $60M payment with stock and may use cash, stock, or a combination for the remaining installments. • T1 said the acquisition strengthens its strategy to build a fully integrated U.S. silicon-based solar supply chain.