Panasonic at the recent FORTUNE Brainstorm Green Conference announced the establishment of 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, CO-based Renewable Social Benefit Funds, L3C (RSB Funds) to provide development and financing capabilities to organizations interested in solar photovoltaic solutions.
“Panasonic Corporation 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.”
The first Panasonic-RSB Funds collaboration was the creation of a 115 Kilowatt solar power generation installation on the corporate campus of the Conrad N. Hilton Foundation in Agoura Hills, CA. “As a company that aims to help enable a sustainable future, Panasonic is delighted to be working with RSB Funds,” continued Doyle. “They have a great record of achievement in making the benefits of solar power available to non-profits and other similar organizations.”