T1 Energy Acquires Solar Patents And Other IP From Evervolt Green Energy For $135M
The patents, which T1 had previously licensed from Evervolt, relate to Tunnel Oxide Passivated Contact ("TOPCon") solar cells and modules, which T1 believes is the most advanced, highly efficient commercially
T1 Energy bought special solar technology blueprints from another company for $135 million—technology they were already using but now own completely. When a company buys the blueprints for something it believes works really well, it shows confidence that technology will help them make money in the future.
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