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June 1, 2010

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Panasonic banks on a bright connection

PANASONIC is banking on the solar-panel business that it gained by acquiring domestic rival Sanyo, aiming for top market share of at least 35 percent in Japan by 2012.

New products, being offered in Japan starting next month, combine Sanyo's solar technology with Panasonic's sales networks in appliances and housing, said Panasonic Executive Vice President Toshihiro Sakamoto.

Panasonic would be able to provide overall energy-saving systems for homes that would include rechargeable batteries, heating and air-conditioning, security systems and Net-linking gadgets besides solar panels, all be hooked up to each other, he said.

Homes would be able to save on utility costs by selling surplus power from solar-power-generation systems and using water heaters at night when utility rates were cheaper, he said.

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