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Demand for energy storage systems seen rising

Panasonic expects greater business opportunities after Japanese programme that buys excess power from residential solar panels at above-market rates expires

Published Mon, Feb 27, 2017 · 09:50 PM

Solar energy

Tokyo

JAPAN'S scaling back of a programme encouraging residential solar has Panasonic Corp hopeful that the market for home energy storage systems is about to get a boost.

In 2019, a programme designed to buy back solar power flowing from rooftop panels at above-market rates will start becoming less enticing, potentially leaving homeowners who signed up with excess power on their hands.

Osaka-based Panasonic is …