Forme Solar is excited to a best-in-class Panasonic Solar Partner as they shift their focus towards a more agile customer focused strategy.
Panasonic is shifting their focus from manufacturing towards building an ecosystem of residential energy products. As a result, electronics giant Panasonic Corp. has announced that they are exiting the solar photovoltaic manufacturing industry within 18 months. On 01/31/2021, the Japanese brand issued a press release outlining their plans to scrap their solar cell manufacturing operations amid ever-increasing price competition from Chinese manufacturing. This change in strategy allows them to focus on developing a leaner more agile customer focused strategy.
This decision will impact the manufacturing of solar wafers, cells, and solar panel modules in Malaysia and Japan. This Panasonic factory in Japan will shift their focus towards building an energy ecosystem – manufacturing inverters, battery backup systems, and other products.
Panasonic will continue to sell solar panel modules, through their partner’s manufacturing capabilities.
Panasonic’s decision to exit solar panel manufacturing also prompts a halt in solar panel Research & Development (R&D) operations. The shift will be towards a customer focused energy ecosystem focused on battery backup and inverters.
This move will impact Panasonic’s solar and energy storage operations in the United States as well. Despite their decision to end their solar photovoltaic cell production, Panasonic will continue to sell solar power systems to both homes and businesses. This strategic decision will provide greater flexibility for Panasonic Corporation to be nimbler and move faster with the quickly evolving energy market.
By leaving the development and manufacturing of their solar panels to another company, it will bring some positive effects to Panasonic.
Panasonic Corp has recognized Forme Solar to be best-in-class regarding their solar installation services when it comes to solar panels for homes. Forme Solar has been officially recognized as an Authorized EverVolt® Installer by Panasonic Corp by exceeding Panasonic’s high standards of excellence. Our history of execution and delivering a great quality solar installation experience has allowed us to be a strong partner with Panasonic. Reach out to Forme Solar to get solar panel quote today!
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