in News Departments > Products & Technology
print the content item

Power-One Inc. and Panasonic Corp. have entered into a strategic alliance to develop, produce and market energy storage systems for the residential and non-residential markets worldwide. The products will combine Power-One inverters with Panasonic lithium-ion batteries and systems.

As part of the agreement, the companies will leverage their respective research and development and sales and marketing resources for joint product and market development. Initial efforts will focus on developing the residential, commercial and utility-scale grid-connected energy storage systems business in Europe and the U.S., as well as the non-residential segment in Japan. Additionally, the companies have committed to develop the large-scale commercial and utility photovoltaic inverter business in Japan.

According to the companies, storage systems have been receiving a great deal of attention for their ability to reduce investment in equipment through power leveling and the reduction of peak power consumption in large-scale renewable energy systems, as well as for their use as backup power supplies in the event of natural disasters and other emergencies. It is estimated that the size of the global market for energy storage systems will exceed $11 billion by 2020, mainly in Europe, North America and Japan, where renewable energy technology is now being adopted, the companies add.


Hse SandyHook
Latest Top Stories

Does Income Determine Who Benefits The Most From Smart Grids?

According to the Smart Grid Consumer Collaborative, low-income consumers may be at a disadvantage.


Accenture And Siemens Form Smart Grid Joint Venture

OMNETRIC Group will help utilities improve energy efficiency, grid operations and reliability.


Maine Public Utilities Commission: Smart Meters Are Safe

According to a report by the commission, there is no direct link between smart meters and health issues.


Report: Global Solar Deployment Topped Wind In 2013

Research firm Clean Edge finds that solar surpassed wind for the first time since it began tracking international markets in 2000.


HEM Is Key For Utilities To Maintain A Competitive Edge

According to a report by Lux Research, automated meters, electricity rates and renewable energy are crucial to the success of home energy management.

S&C Electric_id176
edf_id