Japan's Panasonic Holdings posted a 42% rise in first quarter profit on Monday, buoyed by a weaker yen and stronger sales in its automotive and energy segments, while it stuck to its full-year outlook. Panasonic, whose energy unit makes batteries for Tesla Inc, said operating profit came to 90.37 billion yen ($637 million) in the three months to end-June, versus the 91.18 billion yen average forecast in a poll of 11 analysts by Refinitiv. Its battery unit, Panasonic Energy, and Subaru said they have started talks to establish a battery supply partnership for electric vehicles that would supply the Japanese automaker with cylindrical lithium-ion batteries.
- The Waratah Super Battery (WSB) is proposed to reside at the site of the old Munmorah Power Station, a 1400 MW coal-fired power plant serving Sydney, Australia and beyond. - Powin will supply the equipment capable of 909MW of power and 1915MWh of energy capacity, making it the “most powerful battery in the world” when operational - The BESS, which will form part of a System
The Waratah Super Battery (WSB) is proposed to reside at the site of the old Munmorah Power Station, a 1400 MW coal-fired power plant serving Sydney, Australia and beyond. Powin will supply
-The Waratah Super Battery (WSB) is proposed to reside at the site of the old Munmorah Power Station, a 1400 MW coal-fired power plant serving Sydney, Australia and beyond.
-Powin will supply the equipment capable of 909MW of power and 1915MWh of energy capacity, making it the “most powerful battery in the world” when operational
-The BESS, which will form part of a System Integrity Protection Scheme (SIPS), will act as “shock absorber” for the electrical grid for system reliability purposes.