Battery Frenemies Tesla and Panasonic Poised for a Fight in Europe
- Panasonic to start selling home batteries in Germany
- System stores power during peak production, dispenses it later
Here's Why Tesla Is Building Batteries for Your Home
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Panasonic Corp., which makes the lithium-ion batteries for Tesla Motors Inc.’s cars, will begin selling batteries that power homes in Europe, starting in Germany, where people are given greater incentives to switch to solar-generated electricity.
The push into international markets with home batteries will put the Japanese company into direct competition with flagship customer Tesla, which in May unveiled a suite of batteries to store electricity for homes and businesses. Tesla Chief Executive Officer Elon Musk has said Germany is a key market for his product, because of the country’s advanced consumer solar power market.