1366 Technologies, a manufacturer of technologies for the solar energy industry, announced that it will establish its first large commercial Direct Wafer production plant at the STAMP Business Park in Alabama, NY.
1366 will be the anchor tenant of the high-tech Science and Technology Advanced Manufacturing Park (STAMP) located between Buffalo and Rochester.
The company will invest $700 million to establish a 130,000-square-foot facility, and expects to create at least 600 new jobs over the next five years, and more than 1,000 new jobs eventually for the Finger Lakes Region and Upstate New York.
Video – NYGovCuomo
1366’s Direct Wafer technology offers significant advantages over traditional wafer manufacturing processes. It reduces the cost of the wafer by 50 percent, and provides reductions in capital expenditures and operating costs.
Their manufacturing facility at STAMP will scale up to a 3 GW wafer facility, housing 400 Direct Wafer furnaces, and will produce more than 600 million high-performance silicon wafers annually – enough to power 360,000 American homes.
Governor Andrew M. Cuomo said in a release that “Today’s announcement is an example of how we are combining this region’s natural strengths with our vision to develop New York’s entrepreneurial future and make the Empire State a true leader in developing the clean energy technologies of tomorrow.”
The $700 million project, starting with an initial investment of $100 million, is the biggest economic development project in Genesee County’s history.
The company already has a wafer facility in Bedford, MA. The site selection process that resulted in the company selecting Genesee County and STAMP was kicked off in 2011 when 1366 was awarded a $150 million federal loan guarantee from the U.S. Department of Energy to build a commercial-scale manufacturing facility.
1366 Technologies CEO Frank van Mierlo said in the release that “The facility in Bedford, Massachusetts was our proving ground. New York brings us to commercial scale. The technology is ready and 1366 is squarely positioned to lead in an industry undergoing rapid global growth.”
In order to secure this transformative project, lead New York economic development agency Empire State Development worked with the Genesee County IDA and other state agencies including New York State Energy Research and Development Authority (NYSERDA), New York Power Authority (NYPA) and the New York State Homes and Community Renewal (HCR).
The incentives package that 1366 will receive adds up to $56.3 million, and up to 8.5 megawatts of low-cost hydropower. Supported by the ESD grant, the Genesee County Economic Development Center (GCEDC) will consider local incentives of up to $41.7 million, including $12 million for the first phase of construction.
Empire State Development President, CEO and Commissioner Howard Zemsky said in the release that “We are proud to support 1366 Technologies’ newest venture and look forward to the continued growth of solar technologies in the Finger Lakes.”
Gil C. Quiniones, President and CEO, NYPA, added that “We’re especially excited to be working with 1366 Technologies, a company that, like NYPA, is heavily invested in clean energy.”
HCR Commissioner and CEO James S. Rubin likewise said that “HCR is proud to not only create and preserve affordable housing throughout the state, but to play a role in revitalizing the state’s economy.”
John B. Rhodes, President and CEO, NYSERDA, noted that “This project will build out the state’s growing clean energy economy, improve solar manufacturing, lower the cost of solar panels, and boost the solar market.”
Paul Battaglia, chairman of the GCEDC Board of Directors, pointed out that “STAMP is the result of years of collaboration between all levels of government especially between New York State, Genesee County, the Town of Alabama, and our many partners in the private sector.”
The 1,250-acre Science and Technology Advanced Manufacturing Park (STAMP) site is New York State’s second shovel-ready mega site, and is located within NYPA’s low cost hydropower zone serviced by redundant, highly reliable power.
The site, which has been named as a regional priority project by the Finger Lakes Regional Economic Development Council, was designed to attract large companies including semiconductor, display and imaging, photovoltaics, photonics, and bio-manufacturing firms.