For the past five years, 1366 Technologies has been the poster child of the U.S. Department of Energy’s (DOE) Loan Guarantee Program.
While recipients such as Solyndra and Beacon Power went belly-up, the innovative wafer maker had not only survived but was thriving, with impressive technical results, a massive contract to supply its Direct Wafers to Hanwha Q Cells, and a partnership with polysilicon giant Wacker Chemie.
But while DOE agreed to fund 1366 Technologies’ first large-scale solar manufacturing facility in upstate New York in 2011, six and a half years later no disbursements have been made, and the company has withdrawn from the loan guarantee process.
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