1366 Nabs $150M DOE Loan

The U.S. Department of Energy has offered 1366 Technologies a conditional commitment for a $150 million loan guarantee, the Lexington, MA-based developer of silicon wafers for solar cells announced today.The money will go to expanding 1366’s manufacturing capabilities and building another U.S. facility for producing silicon wafers more cheaply. The company’s first facility is expected to be completed in 2013 and add 100 jobs in Massachusetts, and the second facility, whose location is yet to be determined, is expected to add 300 jobs, 1366 said.

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