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From The Engineer:
1366 Technologies, a new MIT start-up aiming to make inexpensive high-efficiency silicon solar cells, has secured $12.4m in a first round of financing co-led by North Bridge Venture Partners and Polaris Venture Partners.
MIT Professor, 1366 founder and CTO, Ely Sachs, noted that 1366 Technologies has developed an innovative silicon cell architecture and a complementary manufacturing methodology that will allow it to make the solar cells so inexpensively that, once deployed, they would produce electricity at a comparable cost to that generated from coal powered stations.
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