The Hanwha and Wacker Chemie-backed solar wafer developer raised $18m as it seeks further cost reductions for its manufacturing process.

1366 Technologies, a US-based silicon wafer manufacturer backed by conglomerate Hanwha and polysilicon producer Wacker Chemie, raised $18m in series E funding yesterday. Breakthrough Energy Ventures, the venture capital fund financed by investment partnership the Breakthrough Energy Coalition, supplied the cash together with unnamed new and existing shareholders. Spun out of Massachusetts Institute of Technology…

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