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ALTERNATIVE ENERGY NEWS
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Irvine-based Quantum nets $4.4 million in financing

Funds will go toward equipment for its solar module facility.

By Kristen SchottPublished: September 20, 2010 02:15 PM

Quantum Fuel Systems Technologies Worldwide has garnered a $4.4 million loan from the California Energy Commission to boost its photovoltaic solar module facility in Irvine.

The funding, which was awarded through the state's Clean Energy Business Financing Program, will go toward purchasing equipment such as glass washers and vacuum laminators that will increase the plant's capacity to 45 megawatts a year.

The project also is expected to create or retain about 90 jobs at the facility.

"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 Quantum President and CEO Alan Niedzwiecki.

The company develops and produces advanced propulsion systems, energy-storage technologies and alternative-energy vehicles.

The Irvine plant replicates the equipment, processes and quality control measures in place at Quantum affiliate Asola's 45-megawatt solar facility in Germany.

The project is slated for completion in the spring of next year.

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