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Panasonic Plans Home Storage Battery


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OSAKA, Japan, Dec 21, 2009 (The Yomiuri Shimbun - McClatchy-Tribune Information Services via COMTEX) -- PC | Quote | Chart | News | PowerRating -- Panasonic Corp., which recently made a successful takeover bid for Sanyo Electric Co., plans to market a lithium-ion storage cell for home use around fiscal 2011.

"We'll be the first to bring to the market a storage battery for home use, which can store sufficient electricity for about one week of use," said Fumio Otsubo, president of Panasonic, in a recent interview with The Yomiuri Shimbun.

On Monday, Panasonic announced it has officially acquired a more than 50 percent stake in Sanyo.

It has become Japan's second-largest electronics

giant, next to Hitachi, Ltd., with anticipated combined sales of 8.66 trillion yen for the business year ending in March.

Stressing that Panasonic and Sanyo have already test-manufactured a storage battery for home use, Otsubo said, "We're positioned closest [among firms] to realizing CO2 emission-free daily life."

Read more: http://www.tradingmarkets.com/.site/news/S...20News/2743471/

The advantage would be that you could buffer your recharge to off-peak hours, taking advantage of more economic, greener sources of energy

Bruce

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