Panasonic announces collaboration agreement with GS-Solar

PR78679

OSAKA, Japan, May 10, 2019 /PRNewswire=KYODO JBN/ --

On May 9, 2019, Panasonic Corporation announced that it has reached a

collaboration agreement with GS-Solar (China) Company Ltd. in the field of

photovoltaic technology. Under the agreement, GS-Solar (China) will acquire

Panasonic’s solar manufacturing subsidiary, Panasonic Energy Malaysia, while

establishing a new company with Panasonic. With GS-Solar holding a 90% share

and Panasonic owning the remaining 10%, the two companies will jointly operate

and invest in this new company in Japan, focused on the research and

development of HIT technology.

Based on this collaboration, GS-Solar (China) will integrate Panasonic's  

innovations and manufacturing technologies in the field of HIT, to drive

breakthrough in efficient heterojunction technology and set milestones for the

development of the energy industry. This collaboration also enables GS-Solar

(China) to help start the industrialization and large-scale expansion of

next-generation heterojunction technologies on a global scale.

The collaboration will also see Panasonic actively mobilize energy storage

technologies, home energy management systems and emergency power storage

systems, as well as other new energy resources, to help support the development

of advanced heterojunction technologies and improve their product

competitiveness. In addition, the company will integrate the HEMS, PV modules,

storage batteries, ECO Cute heat pump systems, and electric vehicle charging

solutions. Panasonic will also invest on areas of common development including

zero energy consumption buildings (ZEH), the adaption of new energy management

systems to the era of feed-in tariff subsidies, and the application of many

solar energy-related products and technologies to emergency power energy

storage systems for use during natural disasters.

SOURCE: GS-Solar