Power-One, Panasonic join forces on energy storage solutions

The companies will additionally market inverters for large commercial and utility-scale PV projects in Japan
The companies will additionally market inverters for large commercial and utility-scale PV projects in Japan

Power-One Inc. (Camarillo, California, US) and Panasonic Corporation (Osaka, Japan) have announced a partnership to develop, produce and market energy storage systems, including systems to accompany residential solar photovoltaic (PV) generation.

These storage systems will combine Power-One inverters and Panasonic lithium-ion batteries and systems. Initially the companies will focus on the residential, commercial and utility-scale, grid-tied energy storage market in Europe and the United States, as well as the non-residential market in Japan.

"We are thrilled to be aligned with such an innovative company and house-hold brand as Panasonic," said Power-One President of Renewable Energy Solutions Dr. Alex Levran. "Energy storage resources will greatly increase the adoption, use and sustainability of renewable energy systems throughout the world in homes, businesses, and in large utility plants."

"Panasonic's strengths lie in the development, production and sale of products like their home energy management systems (HEMS) and lithium-ion battery cells, which are vital for power storage systems. Combining Panasonic's expertise in battery and battery storage with our advanced inverter technology should prove to be an unbeatable combination."

 

Energy storage market to exceed USD 11 billion by 2020

Additionally, the companies will market PV inverters for large commercial and utility-scale solar photovoltaic (PV) projects in Japan.

The companies estimate that the global market for energy storage systems will exceed USD 11 billion by 2020, mainly in Europe, North America and Japan, which are increasing their share of renewable energy in electricity generation.

 

 

 

2013-02-06 | Courtesy: Power-One | solarserver.com © Heindl Server GmbH

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