BUFFALO, N.Y. (WIVB) Panasonic is partnering with Tesla in a deal that would have the tech giant work on solar cells and modules for SolarCity.
Tesla announced that a letter of intent has been inked signaling production to begin in Summer 2017. This will allow Panasonic to produce solar battery, photovoltaic cells, at the Buffalo plant.
The solar panels to be made in Buffalo will work with these energy storage products in residential and commercial properties.
The collaboration further extends the relationship between Tesla and Panasonic, which already includes the production of electric vehicle and grid storage battery cells at Tesla’s gigafactory in Nevada.
The agreement is contingent on shareholders approved the merger between Tesla and Solar City on Nov. 17.
Governor Andrew Cuomo and Empire State Development President Howard Zemsky had great praise for the Panasonic-Tesla deal. Zemsky issued a statement on the plan, ” “Tesla’s partnership with Panasonic will bring world-class manufacturing expertise to the table, strengthen the company’s competitiveness and position the entire region for future economic revitalization. By bringing Tesla and Panasonic together, this innovative partnership will transform Buffalo into a national leader in the production of affordable, reliable clean energy. This is a far-reaching agreement that will keep the momentum moving forward in Western New York for years to come.”