According to a release from Tesla, Panasonic will team with the power company to produce photovoltaic (PV) cells and modules at Tesla's Buffalo facility in 2017. The two companies have entered into a non-binding letter of intent regarding the collaboration, with the agreement contingent upon shareholders' approval of Tesla’s acquisition of SolarCity.
Panasonic's solar panels will work seamlessly with Powerwall and Powerpack, Tesla’s energy storage products.
The collaboration extends the established relationship between Tesla and Panasonic, which includes the production of electric vehicle and grid storage battery cells at Tesla’s Gigafactory.
JB Straubel, Chief Technical Officer and Co-founder of Tesla, said “We are excited to expand our partnership with Panasonic as we move towards a combined Tesla and SolarCity. By working together on solar, we will be able to accelerate production of high-efficiency, extremely reliable solar cells and modules at the best cost.”