Solar wafer producer 1366 Technologies has received $10m from Hanwha Investment Corporation to support construction of its first commercial factory.
US-based silicon wafer manufacturer 1366 Technologies has received $10m in funding from Hanwha Investment Corporation, an investment subsidiary of conglomerate Hanwha.
Spun out of Massachusetts Institute of Technology in 2007, 1366 produces wafers for solar panels in a single step from molten silicon. It claims the technology is cheaper and more energy efficient than the traditional method of casting and cutting.
The cash will support construction of 1366’s first large-scale commercial manufacturing plant, which is expected to be operational in…
