Toshiba announces full-scale entry into the solar photovoltaic systems business
Toshiba today announced its full-scale entry into the solar photovoltaic systems business. On January 1, Toshiba’s Transmission Distribution & Industrial Systems Company established the Photovoltaic Systems Division. Solar photovoltaic systems are moving beyond residential applications to large, megawatt-scale projects for utility and industrial plants. Toshiba will secure orders for large solar power generation systems by drawing on its competitive advantages. In components, the company’s expertise includes high-efficiency power conditioning systems and the SCiB—the Super Charge ion Battery—Toshiba’s breakthrough rechargeable battery that offers excellent safety, long life and rapid charging.
Toshiba will seek a rapid expansion of the business by focusing on renewable energy and energy-saving products and technologies, including SCiB. Toshiba expects to achieve an annual business scale of about 200 billion yen (approximately US$2.2 billion) by fiscal year 2015.