Panasonic Targets Clean Power for Homes After Fukushima Disaster
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Panasonic Corp. is focusing on making products to manage renewable power in the home as the Fukushima nuclear disaster last year spurs generation from wind and solar.
Panasonic, which began selling lamp sockets in 1918 and now offers products from semiconductors to self-cleaning toilets, plans to raise the energy-management operations’ share of sales to 30 percent of its world revenue by 2018, said Laurent Abadie, Panasonic Europe Ltd. chief executive officer. Panasonic posted global sales of 8.7 trillion yen ($114 billion) last year.