"Panasonic is set to triple its production capacity for lithium-ion cells at its Japanese factories, adapting existing facilities and considering its Kansas plant for increased datacenter battery output."
"The company expects to achieve ¥800 billion (US$5 billion) in battery sales by 2029, which would represent a quadrupling of its current sales figures."
"Panasonic has already secured agreements for around 80 percent of the products needed to reach its ambitious sales target, aiming for an 80 percent market share."
"The batteries are designed to function as uninterruptible power supplies, providing backup power for servers and can also store energy to mitigate costs during price spikes."
Panasonic is expanding its lithium-ion battery production capacity in Japan and considering adaptations at its Kansas plant to meet rising demand from AI-driven server markets. The company anticipates selling ¥800 billion (US$5 billion) worth of batteries by 2029, quadrupling current sales. Panasonic has secured agreements for 80 percent of its projected output, leaving limited availability for non-customers. Its batteries serve as uninterruptible power supplies and can also help manage energy costs. Additionally, Panasonic is developing supercapacitors for backup energy solutions.
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