Solexant to get $1 million from U.S. DOE
By Erik Siemers, Business Journal staff writer
Business Journal staff writer
A Silicon Valley thin-film solar energy company with plans to build a plant in Gresham will receive $1 million in federal funding to develop its technology.
San Jose-based Solexant Corp. was one of four companies chosen to receive a total of around $7 million in the latest round of the funding through the National Renewable Energy Laboratory’s PV Technology Incubator program.
The program aims to expedite the commercialization of new photovoltaic manufacturing processes and products with the potential to dramatically affect pricing.
Solexant was one of three startups in the "commercially viable prototype" phase chosen to receive up to $1 million over the next 12 months.
In a news release, the U.S. Department of Energy said Solexant's new thin-film photovoltaic system is made entirely of materials that are both non-toxic and abundant on Earth. Its products will be made with a non-particle ink that can be printed, creating "commercially viable" efficiencies within a scalable and low-cost process.
Solexant in July announced plans to build a $200 million manufacturing plant in Gresham that could one day employ 1,000 people.
The company, which secured a $25 million loan from the Oregon Department of Energy, is planning a 100,000-square-foot plant that will initially employ 100 before growing to 170 at full production.
According to city of Gresham documents, Solexant plans to eventually double the size of the initial plant, with production capacity reaching 1 gigawatt annually with up to 1,000 employees.
Solexant has yet to announce a location for the plant.
@ErikSiemers | email@example.com | 503-219-3418
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