panasonic eyes storage boost as japan solar incentives wane - home energy storage

Panasonic Corp. says Japan is scaling back a plan to encourage residential solar power.
The home energy storage system market is expected to be boosted.
In 2019, a project aimed at buying back solar energy flowing out of the roof --
Market interest rates will begin to become less attractive, which may give those homeowners who sign up with excess power on their hands. Osaka-
Panasonic-based companies expect the installation of energy storage systems combined with solar panels to increase.
Since 2012, Panasonic has been selling residential energy storage systems including batteries and inverters.
In April, it will begin to offer a new model, which is the third of the current version in size, and can also be hung on the exterior wall and installed with fewer parts.
Matsumoto lianglang said: "We expect more people to prefer to consume electricity generated by household solar panels on the spot, rather than selling it to power companies after the incentives expire . " Responsible for business planning and development of Panasonic Eco-solutions.
"We see 2019 as a turning point.
"New model with inverter and 5. 6 kilowatt-
1 hour battery will be sold. 69 million yen ($15,000)
According to Panasonic, an electronics company that produces solar panels and lithium,ion batteries. Tesla Inc. , the electric-
Automakers and renewable energy companies led by Elon Musk offer 14 KW-
According to the company's website, the hourly Powerwall storage system costs 873,000 yen.
Earlier this year, Tesla and Panasonic began mass production of energy storage batteries at their Gigabit plant in Nevada.
In November 2009, the Japanese government began a plan to buy excess electricity from rooftop solar
Market interest rates to promote photovoltaic power generation.
Utilities buy solar energy from residential roofs for 48 yen per kilowatt-
An hour in 10 years
After the 2011 Fukushima disaster, the government launched a broader Clean Energy Incentive Program.
At present, the price of residential solar energy is as low as 31 yen, while the price of solar energy for large projects is 24 yen.
The incentive measures have expanded the solar energy of residential buildings in Japan, with a cumulative capacity of 2.
According to data from Bloomberg New Energy Finance, it was 7 gigawatts in 2009 and about 11 gigawatts in 2016.
Takashi Hokiyama, spokesman for the Japan Photovoltaic Energy Association, said that the expiration of incentives starting in 2019 is expected to provide business opportunities.
"Japanese solar is not only producing panels, but also producing other products that can be used with solar energy," he said . ".
Japanese solar panel manufacturers such as Kyoceraand Sharp Corp.
Energy storage systems are also available.
Nevertheless, the number of units sold is small.
According to the company, about 10% of customers with Panasonic solar panels have added storage systems.
Panasonic aims to sell 5,000 units in its 5 platforms. 6 kilowatt-
The hourly storage system for the year ended March 2018 is about twice the number of similar systems it predicts to sell for the year ended March 31.
Matsumoto said consumers are increasingly interested in energy storage as a means to strengthen preparedness for disaster prevention in a country often hit by earthquakes and typhoons.