Power One And Panasonic Team Up For Energy Storage Plan
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US-based Power One and Japanese electronics company Panasonic recently announced they are collaborating on creating energy storage structures, while also collaborating on potential solar photovoltaic inverter markets.
PV Magazine noted the companies will use Panasonic’s lithium-ion batteries and systems along with Power One inverters as part of their plan.
Originally, both companies are targeting to set up commercial, grid-connected, utility-scale, and residential energy storage systems for the US and Europe, while developing non-residential Japanese markets as well.
Meanwhile, in the future, Panasonic and Power One plan to expand their business into Japan’s utility- and large-scale solar photovoltaic inverter markets.
“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,” said president of Renewable Energy Solutions at Power-One Alex Levran. “Combining Panasonic’s expertise in battery and battery storage with our advanced inverter technology should prove to be an unbeatable combination.”
Besides Panasonic and Power One looking at energy storage solutions, there have been other recent developments in this arena that look positive. We recently reported on a collaboration between the University of Southampton and REAPsystems, in which they are looking at a new type of battery which could help reduce solar costs and boost energy efficiency.
This year could well be the year where we see some real solid development in energy storage, which would help to make solar and other renewable energies more competitive against fossil fuels.
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