1366 Technologies and IHI Corporation Mark Completion of First Commercial Solar Installation to Feature Direct Wafer® Products

The world's first commercial solar installation to feature Direct Wafer products has begun commercial operation.

BEDFORD, Mass. & TOKYO--(BUSINESS WIRE)--Silicon wafer manufacturer 1366 Technologies today announced that Japan's IHI Corporation, through its wholly-owned subsidiary IHI Plant Construction Co., Ltd (IPC), has completed the grid connection and begun commercial operation of a 500 kW solar installation featuring 1366's high performance wafers. During its lifespan, the array is expected to displace approximately 9,500 metric tons of CO2 from entering the atmosphere. 1366 and IHI celebrated the completion of the system this week at a ceremony in Tokyo.


"This commercial installation delivers all of the expected benefits specific to solar power and then some, the energy payback of an installation featuring Direct Wafer products is accelerated to less than a year due to the fact that our technology uses just one-third the energy," said Frank van Mierlo, CEO, 1366 Technologies. "IHI has a long history of identifying and adopting groundbreaking technologies, we're proud the Direct Wafer process is part of that story."

The array, located in the Japanese prefecture Hyōgo and consisting of IEC-certified modules fabricated by a Tier 1 manufacturer in China, includes more than 120,000 wafers made with 1366's revolutionary Direct Wafer® process. All the wafers were produced at 1366's demonstration facility, using the Company's production-ready Direct Wafer furnaces.

This installation builds on the success at test sites in the United States, Germany and Japan and demonstrates the Company's ability to run the Direct Wafer process at scale. It also underscores the broad appeal of the technology downstream where customers want advanced, high-quality systems with lower carbon footprints.

"It has been our goal to expand our portfolio of renewable energy systems with innovative technologies that dramatically reduce cost and deliver superior performance of photovoltaic systems. This installation achieves that goal," said Mr. Otani, IHI Corporation.

1366 Technologies' Direct Wafer® Technology
1366 Technologies' Direct Wafer® process forms multicrystalline wafers directly from molten silicon instead of today's multi-step, energy- and capital-intensive process. The result is a uniformly better wafer, created at one-half the cost. The technology also has the enormous benefit of being a "drop-in" replacement for the majority of the photovoltaics market, making it seamless for cell and panel manufacturers to readily adopt the technology without adding a single new piece of equipment.

ABOUT 1366 TECHNOLOGIES
1366 Technologies aims to deliver solar at a cost cheaper than 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.

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