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.
Author: Erin Kutz
Erin Kutz has a background in covering business, politics and general news. She holds a bachelor’s degree in journalism from Boston University. Erin previously worked in the Boston bureau of Reuters, where she wrote articles on the investment management and mutual fund industries. While in college, she researched for USA Today reporter Jayne O’Donnell’s book, Gen Buy: How Tweens, Teens and Twenty-Somethings Are Revolutionizing Retail. She also spent a semester in Washington, DC, reporting Capitol Hill stories as a correspondent for two Connecticut newspapers and interning in the Money section of USA Today, where she assisted with coverage on the retail and small business beats. Erin got her first taste of reporting at Boston University’s independent student newspaper, as a city section reporter and fact checker and editor of the paper’s weekly business section.
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