Veeco Awarded $800K In Matching Funds From Minnesota For Solar Technology

Date: 29 June 2010
Source: Veeco
St. Paul, MN June 28, 2010—Veeco Instruments Inc. (Nasdaq: VECO) announced today that its St. Paul operations was awarded $800,000 in matching funds by the Minnesota Department of Commerce’s Office of Energy Security provided by the American Recovery and Reinvestment Act to support emerging renewable energy technology. The matching funds were awarded for a 1.5 year project that will expedite Veeco’s CIGS (copper, indium, gallium, selenium) deposition equipment technology to market.

This technology helps solar panel manufacturers to reduce their production costs and increase the feasibility of solar panels as an alternative energy.
 
According to David Bruns, Senior Vice President of Veeco’s Solar Operations, “Veeco will facilitate the development of this critical technology, creating green energy jobs. We would like to acknowledge the integral support of MN District 53B House Representative Carol McFarlane, in addition to MN District 53 Senator Sandy Rummel, MN 4th District Congresswoman Betty McCollum, and other various high-ranking elected government officials. Through visits to Veeco and encouragement of our efforts, they clearly demonstrated their strong support of green energy technology and its advancement in the state of Minnesota.”
 
In total, the state of Minnesota awarded just over $4 million dollars in funding for the Emerging Renewable Energy Industries Grant Program. Veeco’s proposal was one of approximately nine selected by the Minnesota Department of Commerce Office of Energy Security (OES) OES-101920009. The purpose of this grant program is to provide funding for a portion of the cost of multiple activities to promote improved economic performance of both the direct recipient and its Minnesota suppliers and customers.

600450 Veeco Awarded $800K In Matching Funds From Minnesota For Solar Technology glassonweb.com

See more news about:

Others also read

Safti First, San Francisco, leading manufacturer of fire rated glass and framing solutions, is proud to announce the release of the mySAFTI app, an interactive design tool that takes the guesswork out of choosing the correct fire rated glass product.
We look forward to working with you in the New Year and assisting you in any way that we can to ensure the continual success of your business!Best wishes for a Happy Holiday Season and our sincere thanksfor your support and goodwill throughout the year!We will come back with fresh news on January 3, 2011.
The National Fenestration Rating Council (NFRC) announced that Steve Johnson, John McFee, and Joe Jonely will serve as committee chairs for the ratings, accreditation and certification policy committees respectively.
Company signs an exclusive license with Kelowna Motors, a well-established and highly reputable British Columbia- based MAZDA Dealer Diamon-Fusion International, Inc. (DFI Nanotechnology), global developer and exclusive licensor of patented hydrophobic nanotechnologies, announced today it has signed an exclusive license with Kelowna Motors, a well-established and highly reputable British Columbia-based MAZDA dealer, according to Guillermo Seta, corporate vice president and executive director.
The Middle East market is becoming a new and promising destination for local construction material producers to explore in the coming years.
Top Gear Live is a live arena show of the award winning TV program Top Gear. The live show features breath-taking stunts, remarkable special effects and epic driving sequences.

Add new comment