Wednesday, February 20, 2013
1366's VP of Business Development Craig Lund explains the company's plans to revolutionize the way solar wafers are manufactured around the world.
Earlier this year, 1366 Technologies held the grand opening of a solar wafer manufacturing plant in Bedford, where the company plans to focus on developing its Direct Wafer technology. The Bedford plant will serve as a cornerstone for what 1366 hopes to be a revolution in the way solar wafers are manufactured, according to vice president of business development Craig Lund. "The goal is to completely revolutionize wafer manufacturing around the world," Lund said. "We have no small ambitions." With the Direct Wafer, 1366 aims to cut down on the cost of solar wafers as well as on the time it takes to manufacture the wafers, according to Lund, and the Bedford plant will be ground zero for the development of this technology. The pervasive …
Tuesday, February 5, 2013
The opening of a new manufacturing plant could bring 1366 Technologies a step closer to its goal of delivering 'Solar at the Cost of Coal' and position the company as an American leader in the competitive industry.
Lexington's 1366 Technologies last week celebrated the opening of a solar wafer manufacturing plant in Bedford that could cut the cost of the silicon wafers used in solar panels, positioning. According to a company press release, the 42,000 square foot factory is slated to employ 100 people and “represents the final step in the path to commercialization of the company’s Direct Wafer technology,” which produces a better wafer at cheaper cost. “A little more than five years ago, we set out to revolutionize the solar industry by solving the greatest manufacturing challenge in the biggest solar market,” Frank van Mierlo, chief executive officer of 1366 Technologies, said in remarks made around the plant’s opening last week. “Today, we’re one …
Saturday, September 10, 2011
$150 million loan guarantee will support 70 permanent and 50 construction jobs in Massachusetts.
Lexington-based 1366 Technologies Inc., has received finalization of a $150 million loan guarantee from the Department of Energy (DOE) that will support the company’s groundbreaking new solar manufacturing process. The company intends to use the loan to scale its in-state Direct Wafer manufacturing capabilities and to build a second US manufacturing facility. The loan will significantly aid in the company’s expansion, and the firest phase of the project is expected to create 70 permanent jobs and 50 construction jobs, according to a Department of Energy estimate. “Massachusetts and the 7th District are national beacons for American clean energy innovation and 1366 Technologies is one of our brightest lights,” said US Rep. Edward Markey, (D…
Friday, June 24, 2011
Share your thoughts in the comments section.
In the past week, BioScale and assorted dignitaries celebrated the official opening of the company's facility on Maguire Road, while 1366 Technologies announced it landed a $150 million loan guarantee from the U.S. Department of Energy. And just last month, town officials and industry executives lauded Lexington as a growing hub for the life science and high tech industries at a ribbon-cutting ceremony for reborn properties at 101 and 113 Hartwell Avenue. The former is curently home to biotech firms T2 Biosystems and Abpro. So, with that in mind, we want know What do you think about the commercial development along Hartwell Avenue? How do you feel about Lexington carving out a niche as a center for life sciences?
Hartwell Avenue company 1366 Technologies last week announced receiving $150 million loan guarantee from the U.S. Department of Energy.
Lexington-based 1366 Technologies last week landed a $150 million loan guarantee from the U.S. Department of Energy, which announced its conditional commitment to the company last week. “As governments around the world push the commercial development of renewable energy and carbon-reducing technologies, the DOE loan guarantee program is critical to keeping U.S. manufacturing competitive and thriving,” said CEO Frank van Mierlo, last week in a company press release. “With this loan, 1366 will realize its goal to make solar energy as cheap as coal while helping the U.S. to reclaim a key part of the silicon supply chain and restore the nation’s dominance in photovoltaics.” According to the release, 1366 will use the loan to scale its in-state…