Panasonic is excited to have formed a strategic alliance with Power-One aimed at globally promoting energy management businesses, such as stationary power storage systems. As part of the alliance, both companies will work together to develop the business of non-residential and industrial large-scale power inverters in Japan.
Panasonic has been busy developing an energy management system business that combines its high-efficiency solar panels and power inverters, power storage systems and Home Energy Management Systems (HEMS), and has already achieved impressive results in the Japanese residential market. One of Panasonic’s strengths within this arena lies in the development and production of lithium-ion battery cells, which are vital for power storage systems.
Power-One is one of the largest designers and manufacturers of inverters used for solar power systems globally, marketing best-in-class inverters for residential, commercial and utility-scale applications.
Power inverters are one of the core components of stationary power storage systems, and they have garnered attention for their ability, among other things, of cutting peak power consumption in the large scale installation of renewable energy systems, and for their use as backup power supplies in the event of earthquakes or other disasters.
Through this strategic alliance with Power-One, Panasonic aims to achieve the early launch of a global business for stationary power storage systems with a wide line-up of systems from small to large-scale, and contribute to the realisation of an Eco & Smart society.
Read more about the strategic alliance here.