Panasonic Eco Solutions Canada Signs Royalpark Homes as First Home Builder to Install Residential Solar PV + Energy Storage System

System to be installed in exclusive Simcoe Shores Homes in Barrie, Ontario

MISSISSAUGA, Ontario--Panasonic Eco Solutions Canada Inc. announced today that Royalpark Homes, a Woodbridge-based company, will be its first home builder to install Residential Solar PV + Battery Storage Systems as part of new home construction in the premiere community of Simcoe Shores in Barrie, Ontario.

"We are very excited to be able to offer our customers a turn-key Residential Solar PV + Battery Storage System as part of our base package for the Simcoe Shores homes in Barrie," said Marco Di Simone, President of Royalpark Homes. Di Simone added, "The addition of a 10-kWh capacity battery storage system offers our customers a glimpse into the future of energy management and prepares them to have power in cases of blackouts or outages, and can provide substantial savings on their electricity bills."

Panasonic's Residential Energy Storage Solution provides an innovative way to capture solar energy in a versatile energy storage solution that allows homeowners to choose their power source and manage their energy consumption in addition to providing an additional layer of energy security during power outages.

The Simcoe Shores homeowners will realize a number of benefits including:

* Clean energy source using a solar PV system paired with a hybrid inverter and a compact 10-kWh capacity Lithium-ion battery system powered by Panasonic batteries;
* Lower utility bills by accessing the solar capabilities of the system;
* Back-up/emergency power which offers peace of mind knowing the lights will stay on regardless of potential grid shortages;
* A monitoring system and remote control device to help homeowners monitor their electricity usage patterns, and set times for charge/discharge of the battery;
* Ability to better manage the cost of energy by using less energy from the grid during peak demand times.

The System uses a hybrid inverter that allows electricity to be stored from the grid or solar PV system - it then allows homeowners to access a portion of the electricity generated to power the home or sell the excess back to the grid if the home and battery don't require it.

"This is a revolutionary step forward for sustainable living, marking the next phase in residential solar energy because for the first time homeowners will now have the freedom and ability to manage their own electricity generation and consumption," said Walter Buzzelli, Managing Director at Panasonic Eco Solutions Canada Inc. "The Residential Solar PV + Battery Storage System will offer Simcoe Shores homeowners a number of benefits including the ability to ease the burden of energy costs - especially during peak periods by supplying clean energy generated directly from the home solar system."

An early adopter of the Energy Star standard in Ontario, Royalpark Homes is an industry leader in energy efficiency housing. With more than 30 years of home-building experience, Royalpark strives to incorporate leading-edge and innovative ideas into its Ontario homes, especially "green" or environmentally friendly solutions. By working with Panasonic, Royalpark will also achieve 50 per cent "Better Than Code" with the installation of the new solar plus battery storage technology.

Learn more about Panasonic Eco Solutions Canada by visiting:

About Panasonic Eco Solutions Canada Inc.
Panasonic Eco Solutions Canada Inc. is an affiliate of Panasonic Corporation of North America, the principal North American subsidiary of Panasonic Corporation headquartered in Osaka, Japan. The company's mission is to become the leader in the deployment of renewable, smart energy systems in Canada. Panasonic provides reliable and bankable, end-to-end turnkey solutions, enabling all the required elements for renewable solar and energy storage initiatives, including full installation, financing, long term assurance and operations and maintenance.

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