The US Department of Energy put up $30 million to help start a state-of-the-art, IP-secure PV Manufacturing Development Facility in Silicon Valley for creation, refinement and commercialization of photovoltaic technologies and products.
August 4, 2011 — The US Department of Energy increased its funding for SVTC Solar, a subsidiary of SVTC Technologies, from $25 million (announced in April) to $30 million, provided under the SunShot Manufacturing Initiative. The money will help start a state-of-the-art, IP-secure PV Manufacturing Development Facility in Silicon Valley for creation, refinement and commercialization of photovoltaic technologies and products.
Over $55 million in cutting-edge photovoltaic (PV) manufacturing equipment, materials and funding was also contributed by partners and customers.
The DOE cited SVTC’s track record in technology development, including experience with PV manufacturers, for the contract win. SVTC is the first DOE Advanced Manufacturing Partnership program project to move from contract negotiations to work.
SVTC Technologies provides development and commercialization services for innovative semiconductor process-based technologies and products. More information can be found at www.svtc.com.
Read more about SunShot:
- MoonShot SunShot: Will the US commit the long-term funds to achieve its goals?
- DoE to invest $50 Million to advance solar manufacturing in the US