Press Releases from 1366 Technologies

1366 Technologies Appoints Rick Tattersfield Chief Operating Officer

Lexington, MA – August 24, 2011 – 1366 Technologies today announced it has named Rick Tattersfield Chief Operating Officer.  Mr. Tattersfield will be responsible for implementing the supply chain and business processes that will take 1366’s Direct Wafer technology from first generation to commercialization, as well as building and operating the company’s two future manufacturing.. Read More...

1366 Technologies Names Daniel Matloff Chief Financial Officer

Lexington, MA – August 10, 2011 – 1366 Technologies today announced the appointment of Daniel Matloff as Chief Financial Officer. Mr. Matloff is responsible for building the company’s financial strategy and managing all finance and accounting functions as 1366 prepares for the commercial scaling of its Direct Wafer technology, a radical new way to create.. Read More...

1366 Offered $150 Million Conditional Commitment for DOE Loan Guarantee

Lexington, MA – June 17, 2011 – 1366 Technologies today announced that the U.S. Department of Energy (DOE) has offered a conditional commitment to the company for a $150 million loan guarantee. 1366 will use the DOE funds to scale its Direct Wafer manufacturing capabilities in Massachusetts and build a second U.S. manufacturing facility that.. Read More...

1366 Technologies raises $20 million series B financing round

Hanwha Chemical and Ventizz Capital Fund IV L.P. Join Return Investors North Bridge Venture Partners and Polaris Venture Partners in Backing Silicon Photovoltaics Innovator
1366 Technologies, whose innovative approaches to solar manufacturing have the potential to halve the cost of solar energy, announced today the close of a $20 million Series B financing bringing the Company’s total amount raised to $37.55 million. Read More...

1366 Technologies Teams with RENA to Unveil High-Efficiency Cell Process

1366 Technologies, a silicon photovoltaics (PV) equipment company, today announced it has partnered with RENA, the PV market leader in wet processing, to incorporate 1366’s Self-Aligned Cell technology into a complete cell production process. The new high-efficiency silicon cell process will integrate 1366’s proprietary structured patterning technology with RENA’s wet processing technology. Read More...

1366 Technologies Adds REC Co-Founder Reidar Langmo to Board of Directors

1366 Technologies, a silicon photovoltaics (PV) company, today announced it has strengthened its Board of Directors with the addition of Reidar Langmo, CEO of Novus Energy Partners (Novus) and co-founder of Renewable Energy Corporation (REC). 1366 has expanded its core team by 50 percent over the past nine months, and guidance from key board members such as Langmo will help the company bring its disruptive silicon PV technologies to market more quickly. Read More...

1366 Technologies Raises $5.15 Million from Polaris Venture Partners and North Bridge Venture Partners

Round Follows $4 Million in Federal Funding from the U.S Department of Energy’s Advanced Research Projects Agency-Energy (ARPA-E)
1366 Technologies, a silicon photovoltaics company, today announced that the company has closed $5.15 million of venture capital bringing its total amount raised to $17.55 million. The round was led by returning investors Polaris and North Bridge Venture Partners and was awarded on the heels of signing a $4 million contract with the U.S. Department of Energy’s ARPA-E program. Read More...

1366 Technologies’ Breakthrough Solar Cell Architecture and Manufacturing Processes Enable Record Efficiencies

Innovative Cell Design Shatters Previous Cost Barriers for High Efficiencies to Save Manufacturers $50 Billion in Five Years
1366 Technologies, a silicon photovoltaics company, today unveiled two breakthrough technologies for multi-crystalline silicon solar cells. The company’s significant advancements in cell texturing and metallization deliver simpler, more commercially-viable solutions for multicrystalline cell manufacturers striving to reach 18 percent efficiency. 1366 Technologies’ Self-Aligned Cell (SAC) architecture breaks the historic efficiency and cost tradeoff of photovoltaics (PV) by providing mono-crystalline equivalent cell efficiencies at multi-crystalline cell costs. Read More...

1366 Technologies Awarded Four Million in ARPA-E Funding

Innovative PV Company One of Only 37 Awardees, Selected from a Highly-Competitive Pool of 3,600 Applicants
1366 Technologies, a silicon photovoltaics company, today announced that the company will receive four million dollars in federal funding from the Advanced Research Projects Agency -- Energy (ARPA-E) of the U.S. Department of Energy (DOE). Read More...

1366 Technologies Signs Solar America Initiative Agreement with U.S. Department of Energy

1366 Technologies, an MIT spin-off focused on engineering and manufacturing advanced silicon solar cells, today announced the company has been awarded a cost-shared, 18-month subcontract with the National Renewable Energy Laboratory (NREL) and the U.S. Department of Energy (DOE) for the “Self-Aligned Cell: Scaling up manufacture of a cost effective cell architecture for multi-crystalline silicon photovoltaics” Project. The total potential funding from the DOE under the Solar America Initiative (SAI) is up to $3.0 million for the project. Read More...

1366 Technologies Opens New Solar Manufacturing Facility

1366 Technologies, an MIT spin-off focused on engineering and manufacturing advanced silicon solar cells, today announced the company will host a grand opening reception on October 16 to debut its new Lexington, MA manufacturing facility. Read More...

MIT spin-off 1366 Technologies wins Competition for Solar Energy Startups

MIT spin-off 1366 Technologies is the winner of a startup competition at Greentech Media’s PV Annual 2008 conference near Boston.
On Wednesday, panelists Jeff Andrews (Atlas Venture), Rob Day (@Ventures) and Jay Fiske (Massachusetts Green Energy Fund) named 1366 as the most promising of five solar startups that presented their technologies and business plans at the conference. Read More...

1366 Technologies, MIT solar start-up, raises first $12M

MIT Professor Ely Sachs Aims to Beat Coal with Improved Silicon Solar Cell Manufacturing
1366 Technologies, a new MIT start-up aiming to make silicon solar cells competitive with coal, today announced it has secured $12.4 million in a first round of financing co-led by North Bridge Venture Partners and Polaris Venture Partners. Read More...