Hanwha Chemical, which recently acquired China-based manufacturer SolarFun, said it will be a customer and investor in 1366.
US-based solar power manufacturer 1366 Technologies has raised $20m in its series B round from a consortium including Korea-based Hanwha Chemical.
Alongside Hanwha in the round were venture capital firms Ventizz Capital Partners, North Bridge Venture Partners and Polaris Venture Partners. 1366 previously raised $17.55m since launch in March 2008 as a spin out from Massachusetts Institute of Technology.
The B round will enable 1366 to take its technology into production ahead of plan, 1366 said.
Hanwha, which recently acquired…
