GE Invests in New Solar Technology

Mar 14, 2011 12:00 PM ET
Campaign: Energy at GE

GE Invests in New Solar Technology - from LiveWire

GE Energy Financial Services and VantagePoint Venture Partners have joined North Bridge Venture Partners, Hanwha Chemical and Ventizz Capital Partners in an $8.4 million extension of a $20 million funding round backing 1366 Technologies, Lexington, Mass., which has developed a radically new process to create silicon wafers for PV panels. 1366 Technologies’ process reduces the current cost of manufacturing solar panels by 65 percent.

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