Electronics companies to green the world - November 06, 2009
Japanese electronics giant Panasonic is about to get even bigger, by offering to buy the majority of another Japanese electronics company, Sanyo for $4.5 billion. So what? I hear you cry.
This take over will mean that Panasonic is more than plasma-screen TVs, the company will have swiftly catapulted itself into the greentech big leagues. According to Greentech Media the deal, if it is successful (and according to the Guardian it will be) then Panasonic’s green tech portfolio becomes much more impressive.
The company will now have Sanyo’s solar panel capability and both companies’ combined lithium-ion battery arsenal will make the joint venture responsible for 30% of that market, says the Wall Street Journal. And we all know how hot lithium ion batteries are right now. The two companies, also according to that WSJ blog, will together account for most of the current battery market for hybrid cars, including the Toyota Prius and the Tesla cars.
To check out the rest of Panasonic’s green portfolio I recommend a closer look at that Greentech Media piece. It outlines the green credentials of Panasonic’s light bulbs, efficient TVs and even recycling schemes.
Image: Getty
