09 Sep '11, 6am

DOE Supports Project to Cut Silicon Solar PV Wafer Costs 50%

Energy Secretary Steven Chu had a crowded slate Thursday as the DOE announced a series of clean energy financing initiatives aimed at spurring commercial development and job creation spanning solar power, offshore wind power, hydropower, geothermal power and electric vehicles (EV). Aiming to drive down costs and make the US solar power industry more competitive, Secretary Chu finalized a conditional $150 million loan guarantee that will enable Lexington, Massachusetts’ 1366 Technologies to continue developing its multicrystalline Direct Wafer solar photovoltaic (PV) manufacturing project. The Direct Wafer process holds the promise of producing approximately 700- to 1,000 megawatts (MW) of silicon-based wafers annually, reducing manufacturing costs by 50% and thereby significantly enhancing the competitiveness of a US company to compete globally against countries whose gove...

Full article: http://cleantechnica.com/2011/09/09/doe-supports-project-...

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