BEDFORD, Mass.--(BUSINESS WIRE)--1366 Technologies today announced it has been selected by Fast Company Magazine as one of the world’s 10 most innovative companies in energy for 2015. The honor recognizes 1366’s Direct Wafer™ technology, which revolutionizes the production of silicon solar wafers by replacing an expensive and time-intensive process with a single step. The result is a better silicon wafer produced at one half the cost.
“It’s an honor for 1366 Technologies to receive this recognition, especially as we ready for our 250 MW commercial scale facility,” said Frank van Mierlo, CEO, 1366 Technologies. “New manufacturing processes, like our Direct Wafer™, can transform industries and last for decades. The dramatic cost reductions we bring to silicon wafer manufacturing will play a key role in achieving the promise of ‘solar at the cost of coal.’”
Most Innovative Companies is one of Fast Company’s most significant and highly anticipated editorial efforts of the year. The magazine’s editors spend months gathering and analyzing data on companies around the globe. The resulting package emphasizes the breadth of companies with progressive, nimble business models, an ethos of sustainability, and a culture of creativity. As part of the magazine’s 20th anniversary year coverage, the issue also features “20 Lessons of Innovation for 2015.”
1366 Technologies’ Direct Wafer™ forms multi-crystalline wafers directly from molten silicon instead of today’s multi-step, energy- and capital-intensive process. The company remains on track to build a 250 MW commercial facility in the United States, with construction scheduled to begin in Q2 of 2015.
About 1366 Technologies
1366 Technologies aims to deliver solar at the cost of coal. The company combines breakthrough technology innovations with lean manufacturing processes to make a new class of silicon wafers, the building blocks of solar cells, at a fraction of today’s cost. Developed by a veteran team of scientists, engineers and entrepreneurs, the company’s novel approach breaks the historic efficiency and cost tradeoffs of photovoltaics. 1366 Technologies is headquartered in Bedford, MA. For more information, please visit www.1366tech.com.