Minnesota Awards Veeco (VECO) 800K In Matching Funds

Veeco just announced that the State of Minnesota has awarded them $800,000 worth of matching funds  for a 1.5 year project to help Veeco’s copper, indium, gallium and selenium deposition equipment technology for solar panel manufacturers move more quickly to market. Veeco’s technology is designed to reduce manufacturing costs for solar panels and bring them closer to grid parity.  The funds were awarded as part of the American Recovery and Reinvestment Act.

In a press release, David Bruns, Senior Vice President of Veeco’s Solar Operations, commented on the news:

“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.”

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