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Quantum Technologies Receives $4.4M from California's Clean Energy Business Financing Program

Quantum Technologies has received a $4.4 million loan from California's Clean Energy Business Financing Program (CEBFP) towards manufacturing equipment for a solar module facility in Irvine, California. The facility will produce 45 megawatts of energy each year.

"Manufacturing in California allows us to quickly introduce innovative products to support our business development efforts in a number of segments including automotive, residential, commercial, and utility-scale solar energy projects," said Alan P. Niedzwiecki, president and CEO of Quantum.

The facility will manufacture solar modules based on technologies developed by German Quantum affiliate company Asola. Quantum plans to buy key production materials such as silicon solar cells from Asola.

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