Panasonic to invest $1 billion in green tech

Panasonic logoPanasonic plans to invest $1 billion by 2012 to develop green technologies for the home that would include energy-monitoring systems, marking a major shift in the company's focus.

Panasonic President Fumio Ohtsubo said in an interview with the Bloomberg news service this week that growing consumer interest in more efficient products has led Panasonic to decide to develop new core businesses.

"Our growth is not enough . So we want to change our fighting ring from our current categories to a different field," Ohtsubo told Bloomberg.

The company plans to offer home energy management systems, as well as develop existing interests in lithium ion batteries for electric cars, solar panels, and smart appliances.

Of course, that doesn't necessarily mean that the world's leading plasma-TV manufacturer is getting rid of its star product.

As one of its green product ideas, Ohtsubo told Bloomberg about a system in development that would allow people to monitor the electricity generation of their solar panels and the electricity use of their home appliances through their television sets.

One can't help but wonder if Panasonic's interest in a new core business was in any way influenced by the U.S. Department of Energy's decision to curb Energy Star seals for supersized televisions. Very large televisions could fall out of favor if an increasingly energy-conscious public relies on the Energy Star seal when deciding which products to purchase for their home.

It also remains to be seen if this means Panasonic is going to abandon its plasma TVs in favor of the increasingly popular LCD and LED-based LCD televisions. Panasonic already does make LCD televisions, in addition to plasmas.

Source: CNET

Tags: Panasonic

Comments
Add comment

Your name:
Sign in with:
or
Your comment:


Enter code:

E-mail (not required)
E-mail will not be disclosed to the third party


Last news

 
Galaxy Note10 really is built around a 6.7-inch display
 
You may still be able to download your content
 
Facebook, Messenger and Instagram are all going away
 
Minimize apps to a floating, always-on-top bubble
 
Japan Display has been providing LCDs for the iPhone XR, the only LCD model in Apple’s 2018 line-up
 
The 2001 operating system has reached its lowest share level
 
The entire TSMC 5nm design infrastructure is available now from TSMC
 
The smartphone uses a Snapdragon 660 processor running Android 9 Pie
The Samsung Galaxy A5 (2017) Review
The evolution of the successful smartphone, now with a waterproof body and USB Type-C
February 7, 2017 / 2
Samsung Galaxy TabPro S - a tablet with the Windows-keyboard
The first Windows-tablet with the 12-inch display Super AMOLED
June 7, 2016 /
Keyboards for iOS
Ten iOS keyboards review
July 18, 2015 /
Samsung E1200 Mobile Phone Review
A cheap phone with a good screen
March 8, 2015 / 4
Creative Sound Blaster Z sound card review
Good sound for those who are not satisfied with the onboard solution
September 25, 2014 / 2
Samsung Galaxy Gear: Smartwatch at High Price
The first smartwatch from Samsung - almost a smartphone with a small body
December 19, 2013 /
 
 

News Archive

 
 
SuMoTuWeThFrSa
      1
2345678
9101112131415
16171819202122
23242526272829
3031     




Poll

Do you use microSD card with your phone?
or leave your own version in comments (15)