Global electronics company, Panasonic, has today cemented its
ongoing commitment to Wales by announcing an up to £20m
investment in its facility in Cardiff.
The firm has earmarked the Welsh capital to roll out a
state-of-the-art net-zero power system as part of its ambition to
use the site as a Centre of Excellence for Green Technologies
within the UK.
Panasonic’s self-sustaining system makes use of hydrogen fuel
cell generators, photovoltaic generators, and storage batteries
and will strengthen Panasonic as a key supplier in assisting
customers achieve Net Zero.
The technology is currently only in-use at another of the firm’s
facilities in Japan and will turn Cardiff, which employs around
400 people, into another pilot site.
Minister for the Economy, said: “I’m
delighted Panasonic continue to invest in Wales and our shared
ambitions for strong economic growth.
“I want to extend my sincere thanks to Panasonic for cementing
their ongoing commitment to the workforce in Cardiff and to the
wider Welsh economy. Not only are they bringing innovative,
groundbreaking technology to the Welsh capital but also
supporting the Welsh Government’s journey to net zero by 2050.
“Meeting those targets requires active industrial policy and a
commitment to continue to work with our partners, like Panasonic,
to develop and deliver the technologies, infrastructure and
projects that bring about a stronger, fairer, and greener Wales.”
For decades, Wales has invested in strong partnerships with
Japanese businesses and this latest investment symbolizes a
strong partnership with Japanese businesses that goes beyond
business interests.
Mr Masahiro Shinada, President and CEO of Panasonic
Corporation said: “The commitment Wales has shown to
cutting carbon emissions and safeguarding the environment for
future generations makes it the ideal location for Panasonic’s
first deployment of RE100 outside of Japan. We are proud to
be working together with Wales towards a green future.”
Panasonic will engage with local higher education institutions
while developing the project, and the first phase is expected to
be operational by 2024.
Notes to editors
Panasonic Plans to Launch
Demonstration Project to Realize RE100 Solution at UK Factory in
2024 | Business Solutions | Products & Solutions | Press
Release | Panasonic Newsroom Global
