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Monday, October 17, 2016

Tesla and Panasonic agree to build solar panels in Buffalo, if SolarCity acquisition happens

#Tesla and #Panasonic have agreed to partner on the production of #solarpanels at a new facility in Buffalo, New York. The agreement, which is actually a non-binding letter of intent, is contingent on shareholder approval of Tesla’s acquisition of #SolarCity. The partnership, which was announced in a blog post on Tesla’s website, would see the photovoltaic cells and modules used in a solar energy system that works with Tesla’s Powerwall and Powerpack energy storage products — possibly the new product that Tesla plans to unveil on October 28th. Tesla and Panasonic already work together to build batteries at Tesla’s Gigafactory in Nevada. The new partnership would be an expansion of current SolarCity operations in Buffalo. "We are excited to expand our partnership with Panasonic as we move towards a combined Tesla and SolarCity," said Tesla CTO JB Straubel in a statement. "By working together on solar, we will be able to accelerate production of high-efficiency, extremely reliable solar cells and modules at the best cost."

http://www.theverge.com/2016/10/16/13302482/tesla-panasonic-solarcity-solar-panels-buffalo-ny

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