Power-One and Panasonic have announced the companies have entered into a strategic alliance agreement for the global promotion of energy management businesses, such as stational power storage systems. The two companies have agreed to jointly develop the business of non-residential and industrial large-scale solar power inverters in Japan.
According to a press release, Panasonic signed the agreement with Power-One, a California-based company that designs and manufacturers inverters used for solar power systems globally, in order to achieve the early introduction of large-scale power inverters to strengthen the energy management system business for the nonresidential and industrial sector in Japan.
Power-One is aiming to expand its power storage system business globally with Panasonic’s power storage technology as well as achieve entry into the Japanese market for large-scale solar power generation systems, the release stated.
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