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Free Quote5 Frequently Asked Questions about “Energy storage battery companies stop production”
Are battery storage technologies the future of energy storage?
Currently, battery storage technologies are showing great potential as a solution to the future of energy storage with considerable research and investment.
Will Panasonic discontinue its solar & battery storage business?
Panasonic will discontinue its solar and battery storage business, the company told its North American installation partners in a letter dated April 28. The letter, signed by Naoki Kamo, president of Panasonic Eco Systems North America, was shared in full by an installer on Reddit and partially published on the company's website.
Is solar and energy storage a good business fit?
While we continue to believe in the potential of solar and energy storage, it is no longer the right business fit for us at this time. Panasonic pledged to honor all warranties, including those for systems not fully installed, and committed to supporting customers with clear guidance on third-party warranty coverage.
What happened to Sanyo Solar?
Following the rebranding of Sanyo's HIT modules under the Panasonic name, the company remained a prominent player in residential solar, eventually expanding its product line to include Evervolt battery systems and all-black HJT modules with conversion efficiencies of more than 22%.
Is Panasonic still a leader in the solar industry?
The company also remains active in other clean energy technologies, including heat pumps. This announcement marks the end of Panasonic's role in the solar industry, a position it cemented after acquiring Sanyo in 2009. Sanyo, a pioneer in heterojunction solar cell technology, was fully integrated into Panasonic by 2011.