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Feb 14th, 2013
Power-One enters into strategic alliance with Panasonic
Power-One, Inc., a leading global manufacturer of renewable energy and energy-efficient power conversion and management solutions, and Panasonic Corporation (NYSE:PC), a worldwide leader in the development and manufacture of electronic products and solutions, announced that they have entered into a strategic alliance to develop, produce and market energy storage systems for the residential and non-residential markets worldwide combining 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 around the world. 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.
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