GE Invests in New Solar Technology

GE Invests in New Solar Technology


LiveWire blogs about GE's multi-million dollar investment partnership in 1366 Technologies, a Lexington, Massachusetts-based company whose mission is to make the cost of solar power competitive with coal power. The company has developed a new process to create silicon wafers for photovoltaic (PV) panels, which reduces the cost of manufacturing solar panels by 65% and conserves 50% of silicon raw material.

Monday, March 14, 2011 - 11:00am

CAMPAIGN: Energy at GE


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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