Toshiba Heavily Bids on Solar Power Systems Business

Toshiba Focuses on Rapid Expansion of Renewable Energy Source Biz

by Anton Shilov
01/06/2009 | 05:05 PM

Toshiba Corp. has announced its full-scale entry into the solar photovoltaic systems business. Toshiba’s Transmission Distribution & Industrial Systems Company has established the Photovoltaic Systems Division, a dedicated business management and promotion organization that will take the initiative in responding to a surge in demand for solar photovoltaic systems.

 

Solar photovoltaic systems are moving beyond residential applications to large, megawatt-scale projects for utility and industrial plants. Toshiba expects to secure orders for large solar power generation systems by drawing on its competitive advantages, which include experience in both individual components and abilities in systems integration.

In components, Toshiba has expertise in high-efficiency power conditioning systems and the SciB (Super Charge ion Battery) Toshiba's rechargeable battery that offers excellent safety, long life and rapid charging. Toshiba can point to world-class capabilities in system integration, particularly in connecting generation systems to distribution systems; in microgrids that connect and manage dispersed small-scale power generation sources, including renewable energy sources; and in large plant system engineering capabilities.

Toshiba will seek a rapid expansion of the business by focusing on renewable energy and energy-saving products and technologies, including SCiB. Toshiba's ultimate goal is a business expansion that addresses customers' needs and makes progress alongside the company's long-term contributions to a better environment.

According to the company, in fiscal year 2015 the global solar photovoltaic systems market for utility and industrial plants is expected to reach ¥2.2 trillion (approximately $24.4 billon) from that of ¥1.2 trillion (approximately $13.3 billion) in fiscal year 2008. Toshiba will promote business expansion by utilizing existing global sales channels and expects to achieve an annual business scale of about ¥200 billion (approximately $2.2 billion) by fiscal year 2015.