17 Jun '11, 3pm

Solar Funding Flurry: Solyndra Catches VC, Flak, Plus Siemens, Semprius, 1366, Google: This week saw a number

This week saw a number of funding incidents in solar. Here's a quick round-up. 1366 Technologies Wins $150 Million Loan Guarantee 1366 Technologies of Massachusetts just announced that the U.S. DOE has offered a conditional commitment to the startup for a $150 million loan guarantee. 1366 is working on a way of fabricating silicon solar cells cheaper and with less material -- directly from molten silicon. This contrasts with the multi-step, batch process of ingot casting, blocking, squaring, and sawing that wastes significant portions of high-value silicon. The DOE and Steve Chu have been absolutely tumescent about this firm for years, despite its lack of commercial progress so far. In October 2009, 1366 received a $4 million grant from the DOE’s Advanced Research Projects Agency (ARPA-E) to support the development of this technology. This processing technology fits into C...

Full article: http://www.greentechmedia.com/articles/read/solar-funding...

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