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Panasonic Delivers Storage Battery Modules and Battery Monitoring System to Siemens for a Project to Stabilize Power Distribution in Europe

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Osaka, June 4, 2012 - (ACN Newswire) - Osaka, June 4, 2012 - (JCN Newswire) - Panasonic Corporation announced today that it has supplied industrial lithium-ion battery modules and monitoring system to Siemens AG, one of the largest Europe-based electrical engineering companies.

The Panasonic batteries are being used as an integral part of Siemens's new SIESTORAGE modular energy storage solution for regulating and stabilizing distribution grids.

Panasonic supplied a total of 280 battery modules with a capacity of 500 kWh (DCB-103E) and battery management system for monitoring the battery modules.

Siemens' SIESTORAGE solution with a capacity of 500 kWh and maximum power of 1 MVA is directly connected to a medium-voltage grid in South Europe.

Renewable energy sources, such as solar and wind power, are gaining in popularity in Europe. On the other hand, their unpredictable nature is creating challenges in stability when incorporated into the public power grid. Storage battery systems are designed to stabilize power supply and their market is expected to grow.

'This project paves the way for Panasonic to supply batteries for the European grid-scale energy storage market in full-swing,' said Mr. Fumitoshi Terashima, Director, Smart Energy Systems Business Unit, Energy Company of Panasonic.

'With our state-of-the-art technology of lithium-ion battery, we aim for a leading position in the supply chain for solutions to protect the power grid system which has been under pressure recently due to the massive deployment of solar and wind energy in Europe.'

The storage system combines lithium-ion batteries from Panasonic with cutting edge power electronics from Siemens designed to realize optimum control of charge and discharge of electricity from the grid, photovoltaic modules, or other sources.

About Panasonic

Panasonic Corporation is a worldwide leader in the development and manufacture of electronic products for a wide range of consumer, business, and industrial needs. Based in Osaka, Japan, the company recorded consolidated net sales of 8.69 trillion yen (US$105 billion) for the year ended March 31, 2011. The company's shares are listed on the Tokyo, Osaka, Nagoya and New York (NYSE: PC) stock exchanges. For more information on the company and the Panasonic brand, visit the company's website at http://panasonic.net.

Source: Panasonic

Global Public Relations Office
Panasonic Corporation
Tel: +81-3-6403-3040
Fax: +81-3-3436-6766

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