Laguna Niguel, Calif. - Panasonic has created Panasonic Eco Solutions North America, a new business unit of Panasonic Corporation of North America that will focus on the design, implementation and financing of renewable energy and energy-efficiency projects in the U.S. and Canada.
The new unit also made public a strategic alliance with Denver-based Renewable Social Benefit Funds, L3C (RSB Funds) to provide development and financing capabilities to organizations interested in solar photovoltaic solutions.
"Panasonic is committed to becoming the leader in green innovation in the electronics industry by 2018, and the launch of this company will take us one step closer to achieving that goal," explained Jim Doyle, president, Panasonic Eco Solutions North America. "With a focus on the long term, Panasonic recognizes that saving, generating and storing energy are fundamental needs that require practical solutions both now and moving forward. Panasonic has a broad range of technologies from solar panels, to lighting controls, to high-capacity energy storage batteries to create solutions."
Panasonic Eco Solutions North America will provide comprehensive renewable energy and energy-efficiency solutions to corporate and public sector organizations from the planning and engineering stages through implementation, construction and permanent financing, as well as ongoing system maintenance.
Panasonic Eco Solutions North America has established an exclusive relationship through the end of 2012 with RSB Funds for the co-development of commercial-scale solar projects in North America. The two will work together to provide financing, building and maintenance of commercial solar PV projects for the private sector as well as nonprofits, municipalities, hospitals, schools, low-income housing projects and other tax-exempt entities.
The first Panasonic-RSB Funds collaboration was the creation of a 115 kW solar-power-generation installation on the corporate campus of the Conrad N. Hilton Foundation in Agoura Hills, Calif.
The announcement was made today at the Fortune Brainstorm Green Conference, being held here April 16-18. Learn more about Panasonic's commitment to sustainability and energy solutions business by visiting