T1 Energy, formerly known as Freyr Battery and listed on the New York Stock Exchange under TE, received approval from Mo i Rana municipal officials to rezone 161,000 square feet of its 926,000-square-foot Giga Arctic brownfield facility for industrial or data center operations. The company expects an initial 50 MW data center to become operational in 2027 and has secured a 50 MW grid allocation from Statnett through 2033, while remaining in the queue for up to an additional 396 MW. T1 shares rose as much as 9.3% in early trading; market data cited in separate updates showed the stock up 7.87% at $4.865 and later up 7.32% at $4.83. The site’s 50-year lease, established industrial infrastructure and access to low-cost regional hydropower support T1’s plan to optimize the value of the asset. The company is discussing commercialization strategies with multiple counterparties as it focuses more broadly on U.S. solar manufacturing.