GE Invests in New Solar Technology
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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