Tesla and Panasonic teams up for the production of solar panels at Buffalo, New York. Tesla being a manufacturer of electric cars requires electric batteries for which it has close partnership with Panasonic Corp. As Tesla won the deal to buy SolarCity for $2.6 billion, gives opportunities to Tesla to sub-contract Panasonic to manufacture solar PV cells and modules in the SolarCity. The agreement also covers supplying solar cells for Tesla’s battery products and Powerpack.
Tesla is producing batteries in partnership with Panasonic at its Gigafactory located on the outskirts of Nevada near Reno, USA. It is one of the world’s largest battery making plant valued at$5 billion. The giga factory produces Lithium-Ion Batteries.
Panasonic who is into complete chain of solar energy manufacturing from silicon ingot to module and inverter, has signed a non-binding letter of intent with Tesla on the production of PV cells and modules for the North American market at a factory in Buffalo, New York.
The photovoltaic market is predicted to continue a steady expansion in demand worldwide. Continued stable demand is also expected in the Japanese market due to increasing needs in energy self-sufficiency and the popularization of Net Zero Energy Houses (ZEH).
JB Straubel, Chief Technical Officer and Co-founder of Tesla, said “We are excited to expand our partnership with Panasonic as we move towards a combined Tesla and SolarCity. By working together on solar, we will be able to accelerate production of high-efficiency, extremely reliable solar cells and modules at the best cost.”
Shuuji Okayama, Vice-president, Eco Solutions Company of Panasonic, added, “Panasonic PV cells and modules boast industry-leading power generation performance, and achieve high quality and reliability. We expect that the collaboration talks will lead to growth of the Tesla and Panasonic relationship.”