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Massachusetts Venture Promises Cheaper Solar Cells

Posted by Annie Lindseth In Friday, October 22 2010 under: MIT, 1366, silicon wafers, Solar Technology

1366 Technologies raised $20 million this week in second round funding from Hanwha Chemical and Ventizz Capital, along with earlier investors Polaris Venture Partners and North Bridge Venture Partners. 1366, whose name refers to the amount of sunlight hitting the earth (1366 watts per square meter), has developed a solar manufacturing process that will cut the cost of solar cells by 40 percent.

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