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Prof. Emanuel Sachs, 1366 Technology’s Chief Technical Officer, to the US Congress: “By 2020 we’re talking trillions of dollars in total revenue…”
We believe in the power of manufacturing and the power of silicon. Manufacturing technologies in silicon PV continue to aggregate over time, furthering its market dominance.
Over the last 30 years, the cost of silicon PV has dropped by a factor of 30. This phenomenon will hold true for the coming decades.
Manufacturing innovations in silicon PV will decrease costs by 10% per year through 2020, at which point solar electricity becomes cheaper than coal.
At 1366, we are developing the key technologies to enable such rapid cost reductions.