Tesla And Panasonic Fight "Battery War" In Europe

By Vlad Tverdohleb for CruxialCIO:  Panasonic Corp is the producer of lithium-ion batteries for Tesla Motors Inc’s cars. However, Panasonic is now preparing to begin selling batteries that power homes in Europe. Its first market is Germany, where homeowners are even given greater incentives to switch to clean electricity generated by solar-power devices.

Thus, Panasonic’s push into international markets with home batteries is putting the Japanese company into direct competition with Tesla, its flagship customer. In May, the American company unveiled a suite of batteries to store electricity for businesses and homes.

Panasonic plans to move later to France, the U.K. and other European markets. Laurent Abadie, Panasonic Europe chief executive officer, declared on Wednesday, Sept. 2, in an interview at the IFA International Consumer Electronics Show in Berlin, that the company has not decided yet when it would start sales in Europe.  Cont'd...

Comments (0)

This post does not have any comments. Be the first to leave a comment below.

Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

sonnenBatterie eco

sonnenBatterie eco

The sonnenBatterie eco is a fully-integrated, all-in-one residential energy storage solution that utilizes intelligent energy management software and lithium-ion batteries to turn houses into smart energy homes. The system is available in a variety of storage capacities and configurations, allowing for extensibility and expansion and integrates with new and existing PV systems. The sonnenBatterie eco allows customers to save money every single day by storing excess energy generated by solar PV systems and using the stored energy from the battery to power homes when the utility rates are more expensive or when the grid is out of service in addition to enabling customers to go off-grid.