This Week in Solar Funding
This week saw a number of funding incidents in solar. Here’s a quick round-up.
Massachusetts’ 1366 Technologies just announced that the U.S. DOE hasoffered a conditional commitment to the startup for a $150 million loanguarantee. The company is working on a method of fabricating siliconsolar cells directly from molten silicon, and process that will becheaper and require less material. This contrasts with the multi-step,batch process of ingot casting, blocking, squaring, and sawing thatwastes significant portions of high-value silicon.
The DOE and Steve Chu have been absolutely ebullient about this firmfor years, despite its lack of commercial progress so far. In October2009, 1366 received a $4 million grant from the DOE’s Advanced ResearchProjects Agency (ARPA-E) to support the development of this technology.This processing technology fits into Chu’s SunShot program vision of $0.50-per-watt modules.
Greentech Media is an integrated online media company designed to deliver the highest-quality content in the industry, whether it is research, news or critical networking events. Greentech Media is headquartered in Cambridge, Mass., with operations in New York City, San Francisco and Munich.
Search 26k+ Solar Articles
- Glass and Green Building
- How China Will Transform The Energy Industry
- New Project Will Forecast Solar Generation
- In Focus: The Potential of Los Angeles Solar
- Tesla Reports Profit, Stock SKYROCKETS
- SolarCity Raises $500M
- Graphene That Redefines Electric Current
- NextEra Gobbles Up Smart Energy Capital
- Oil Prices and Renewable Energy
- 5 Promising Eco Careers
- In Focus: People Power!
- The EV Cordless Power Vehicle Charging System