Electronics giants SANYO have announced they are entering the energy solutions business with system proposals to reduce running costs and CO2 emissions for factories, schools, stores and other facilities.
The company says it start selling systems that combine SANYO’s technologies for energy creation (solar cell), energy storage (rechargeable battery), and energy saving (commercial equipment).
The objective of SANYO’s energy solution business will be to provide Sanyo smart energy systems (SanyoSES) that reduce running costs by saving energy while greatly reducing CO2 emissions.
With an SES, electricity from solar panels or from the grid, drawn late at night when power rates are cheaper, is stored in rechargeable batteries. Power conditioners are then utilized to ensure the most efficient use of power for refrigerated showcases, air conditioning, and lighting. SANYO will develop this business area by maximizing its strengths, including commercial equipment, which has secured a large market share due to energy-saving features based on heating and cooling technologies developed over many years.
SANYO says it will also use its strength in high-quality rechargeable batteries, drawing on a wide range of technology developed for public and commercial applications, as well as HIT solar cells, which offer the world’s highest-level energy conversion efficiency at the practical level.
Although full-scale business operations are scheduled for the spring of next year, SANYO is now promoting the following steps to ensure early profitability:
1) development of large-capacity and high-voltage lithium-ion battery systems
2) acceleration of product development based on demonstration testing
3) collaboration with other companies according to product characteristics, and
4) constructing a framework for promoting.
While the photovoltaic system and rechargeable battery businesses are expected to enjoy substantial market growth in the future, the business environment is becoming increasingly difficult due to a sudden drop in prices and the intensification of competition.
Consequently, in addition to further strengthening these business areas, which are already at the top of the industry, SANYO plans to expand the energy solutions market from large-scale facilities such as factories and high-rise buildings to small and medium-scale users such as retail stores, schools, and homes, while contributing towards environmental protection through the development of solutions based on its strengths.
SANYO is aiming to reach a scale of operation of 100 billion yen for its energy solutions business by the fiscal year ending March 2016.
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