Bedford's 1366 Technologies opens factory [Boston Herald]
(Boston Herald (MA) Via Acquire Media NewsEdge) Jan. 30--Bedford-based 1366 Technologies celebrated the opening today of its new, 25 megawatt wafer manufacturing facility with state and federal officials.
The company said the 42,000 square-foot factory, which is expected to employ 100 people, represents the final step in the path to commercialization of the company's direct wafer technology, a "transformative" manufacturing process that produces a uniformly better wafer at half the cost.
"A little more than five years ago, we set out to revolutionize the solar industry by solving the greatest manufacturing challenge in the biggest solar market," said Frank van Mierlo, CEO of 1366 Technologies. "Today, we're one step closer to that goal and our mission to deliver solar at the cost of coal. We not only have our footing, we're growing, scaling and preparing to lead in the eventual global industry turnaround. We have momentum at our back and the essential elements of success -- a great team, a truly disruptive technology, capital and strong partners."
The Bay State facility is the first of two planned by the company. In September 2011, 1366 was awarded a $150 million loan guarantee from the U.S. Department of Energy to build a second, 1,000 megawatt U.S. manufacturing facility that will create 300 permanent positions.
The company said it expects to begin its search for a location this year.
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