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

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