T1 Energy Inc.

Good day, and thank you for standing by. Welcome to T1 Energy's first quarter 2026 earnings conference call. At this time, all participants are on a listen-only mode. After the speaker's presentation, there'll be a question and answer session. To ask a question during the session, you'll need to press star 11 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star 11 again. Please be advised that today's conference is being recorded. I would now like to turn the conference over to your speaker for today. Jeff, please go ahead.

Good morning, and welcome to T1 Energy's first quarter 2026 earnings conference call. Before we get started, please turn to slide two for our forward-looking statements disclaimer. During today's call, management may make forward-looking statements about our business. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expectations. Most of these factors are outside T1's control and are difficult to predict. Additional information about risk factors that could materially affect our business are available in our annual report on Form 10-K filed with the Securities and Exchange Commission and our other filings made with the SEC, all of which are available on the investor relations section of our website. Turning to slide three. With me today on the call are Dan Barcello, our chairman and CEO, Evan Calio, our chief financial officer, Jaime Guali, our chief operating officer, and Andy Monroe, our chief legal and policy officer. I'll now turn the call over to Dan to get us started.

Thanks, Jeff, and welcome everyone to our first quarter 2026 earnings call. Our theme for today's call is Taking Care of Business. From the beginning of our journey at T1, building our G2 Austin U.S. solar cell fab has been the bedrock of our strategy to establish T1 as a homegrown, integrated, domestic solar leader. Today, I'm happy to report that construction of the 2.1 gigawatt phase one of G2 Austin is progressing according to schedule. Following the start of construction, we began ordering long lead items in Q4 2025 with the production line equipment. followed by the steel package order in Q1 2026. In recent weeks, with engineering and design work approaching completion, the pace of construction activity on site has picked up noticeably, and we remain on schedule to achieve first cell production in Q4 2026. In April, we commenced concrete works for G2's foundation. In May, the team completed the design process by finalizing the full issued for construction package, and we expect to begin erecting the first steel later in May. With one foundational offtake commitment for G2 in hand, we have been pursuing a second contract. And while we have been financing construction of G2 Phase 1 with cash from a balance sheet and the support of our institutional investors, we are also working to agree to a comprehensive financing package for the remaining capex of approximately $225 million. These pursuits are T1's highest priorities, and we continue to target the announcement of the G2 financing in the second quarter. While we've been advancing our growth plans, our operations team has been focused on efficiency and profitability. At G1 Dallas, our state-of-the-art 5-gigawatt solar module facility, we closed the first quarter of 2026 with much improved financial performance and a record quarterly adjusted EBITDA of $9.1 million. And finally, with a potential outcome of the Commerce Department's Section 232 investigation in foreign polysilicon expected in the coming months, We are comfortable with T1's strong competitive position as a large offtaker of American-made polysilicon through our supply contract with Hemlock Semiconductor. T1 is deeply committed to standing up domestic polysilicon-based solar supply chain, which is a prerequisite to American energy dominance and the eventual development of a robust U.S. semiconductor supply chain. Now let's move to slide five for an overview of our progress at G2 Austin. Our focus when we began developing G2 and Q4 2025 was to order the long lead items highlighted by the production line equipment and to advance project engineering design while we commenced the ground works on site. With those tasks largely complete, construction activity at the G2 site is picking up and we are now progressing through some major milestones. As you may have noticed from the photos in this presentation and from our recent posts on social media, Concrete works got underway in April, and we are eagerly awaiting deliveries of the first structural steel, and we expect to start erecting the structure of what will be G2 in May. Weather this time of year in Central Texas can be volatile, and the team has been contending with a pattern of wet and stormy conditions in recent weeks. A National Weather Service rain gauge in nearby Taylor, Texas, recorded 10.3 inches of rain in April, which is more than three times normal. Despite these challenges, our talented and hardworking team along with our contractors and vendors, have kept construction on schedule. Looking ahead to the summer, there are some exciting milestones looming, the most important of which pertain to the shipments and deliveries of the production line equipment from Laplace. We have been working closely with Laplace on G2 development for roughly a year already, and the efficiency with which they are executing has us positioned to deliver this project according to plan, with first cell production targeted in the fourth quarter of 2026. As our progress at G2 continues, keep an eye on T1's social media channels for real-time updates and footage from Rockdale. And with that, I'll turn the call over to our COO, Jaime Guali, who will provide you with an update from G1 Dallas.