$150m load guarantee to 1366 Technologies to drive down the cost of solar panels

The U.S. Department of Energy announced this week a new package of $231m to support the development of solar wafer technology, offshore wind, and geothermal energy. The largest initiative was for a $150m loan guarantee to 1366 Technologies – they’ve been developing a process that uses molten silicon to dramatically reduce the cost and the Related posts: A cheaper way to make silicon solar cells from 1366 Technologies Solyndra snags $535 million federal loan guarantee and boosts performance of its cylindrical solar panels IBM pioneers process to turn waste into solar energy

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