| SANYO to Expand Solar and Energy Solutions Business in Europe |
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10/06/2010 11:37 (611 Day 20:27 minutes ago) | |||||
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The FINANCIAL -- SANYO Electric Co., Ltd. (SANYO) has announced that it will begin full-scale development and expansion of its solar and energy solutions business in the European market in 2010.
SANYO is aiming to achieve a business scale of 800 million Euros in its solar and energy solutions business in Europe by March 2016, providing photovoltaic modules, lithium-ion battery systems, energy management systems that include controllers, as well as a comprehensive maintenance service.
Today there is growing demand for clean energy, given the continued advancement of measures to reduce effects on the environment, including the setting of numerical targets for CO2 emission reductions in countries around the world. So far, SANYO has expanded its HITR solar cell business mainly through residential applications in the European market, thanks to the product’s world highest-class energy conversion efficiency and superior temperature co-efficiency characteristics.
Starting this fiscal year, SANYO will now develop its energy solutions business in Europe by offering a substantial reduction in running costs and CO2 emissions for facilities such as factories, schools and stores, through its Smart Energy System (SES) which combine SANYO technologies for energy generation (photovoltaic systems), energy storage (rechargeable batteries), and energy efficiency (commercial equipment, etc.). The system will optimally control clean energy generated by photovoltaic modules and stored into rechargeable batteries to supply equipment such as air conditioning and lighting with the energy. It can be installed in small-scale applications such as homes, medium-scale applications such as convenience stores, and large-scale applications such as factories to realize a more effective use of clean energy.
By engaging in full-scale development and expansion of its solar and energy solutions business in Europe, SANYO will play a key role in reducing the negative effects of global warming on the world’s environment.
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