Solar Startup Firm From MIT Gets $12 Million

Cambridge (MA) - A new solar energy start-up called 1366 Technologies has just received $12.4 million in venture capital to help foster and enhance a solar technology created by MIT professor Emanuel Sachs.

Sachs invented string ribbon solar manufacturing, which is a new way to produce and maintain solar energy cells. It makes the alternative energy source more accessible and affordable.

"The science is understood, the raw materials are abundant and the products work. All that is left to do is innovate in manufacturing and scale up volume production, and that's just what we intend to do," he said.

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Mark Raby
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Mark Raby is a freelance writer for Tom's Hardware, covering a wide range of topics, from video game reviews to detailed analyses of computer processors.