Panasonic : Automotive Systems Launches Corporate PPA*1 Electricity Supply Business for Domestic Operational Bases
March 20, 2024 at 09:03 pm EDT
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In February 2024, Panasonic Automotive Systems started supplying electricity to its Yokohama Building through its Corporate PPA electricity for domestic operational bases initiative. The strategy includes building solar power plants at 22 locations in 2023 and 50 locations in 2024, including at Panasonic Group facilities at off-site locations. The total electricity capacity will be approximately 28 MW of renewable energy, available for stable purchase at a fixed price for 20 years. This will allow for a coverage of 10% of the total power consumption of the Yokohama Building from March 2024 onward.
This initiative is a crucial step toward achieving Panasonic Automotive Systems' environmental KPI (2) of 50% non-external dependency on renewable energy by 2030 and 100% by 2050. Now that supply to the Yokohama Building has started, the focus will be on extending supply to other domestic operational bases of Panasonic Automotive Systems, including sites in Shirakawa, Matsumoto, Kusatsu, and Tsuruga.
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Panasonic Holdings Corporation (formerly Panasonic Corporation) specializes in manufacturing and marketing of consumer electronic equipments. Net sales (including intragroup) break down by family of products as follows:
- domestic equipments, appliances and audiovisual equipment (42.5%): lighting devices, photovoltaic devices, wiring devices, health and care devices, furnishing materials, air conditioning and ventilation equipments, air purifiers, refrigerators, air conditioners, washing machines, dryers, vacuum cleaners, irons, microwaves, fans, cooking appliances, dishwashers, TVs, digital cameras, audio and video equipment, fixed telephones, showcases, etc.;
- electronic and electromechanical components (13.2%): relays, switches, power supply systems, industrial motors and sensors, capacitors, coils, resistors, materials for electronic circuits, semiconductors, LCD panels, etc.;
- automotive multimedia equipment and electronic accessories (12.4%);
- avionics, industrial automation, communication and entertainment systems (10.8%): in-flight entertainment and communication systems, electronic component assembly machines, welding equipment, projectors, professional audio-visual systems, computers, tablets, mobile communication systems and equipment, etc.;
- energy storage systems (8.9%): cylindrical lithium-ion batteries, dry batteries, primary/secondary lithium batteries, nickel-metal hydride batteries, lithium-ion batteries, energy storage modules and systems;
- other (12.2%).
Net sales break down geographically as follows: Japan (43.2%), China (13.4%), Asia (14.7%), Americas (18.7%) and Europe (10%).