Tesla, Panasonic to most probably build solar panelsOctober 17, 2016 - 11:19 AMT PanARMENIAN.Net - Tesla and Panasonic have agreed to partner on the production of solar panels at a new facility in Buffalo, New York. The agreement, which is actually a non-binding letter of intent, is contingent on shareholder approval of Tesla’s acquisition of SolarCity, The Verge said. The partnership, which was announced in a blog post on Tesla’s website, would see the photovoltaic cells and modules used in a solar energy system that works with Tesla’s Powerwall and Powerpack energy storage products — possibly the new product that Tesla plans to unveil on October 28. Tesla and Panasonic already work together to build batteries at Tesla’s Gigafactory in Nevada. The new partnership would be an expansion of current SolarCity operations in Buffalo. "We are excited to expand our partnership with Panasonic as we move towards a combined Tesla and SolarCity," said Tesla CTO JB Straubel in a statement. "By working together on solar, we will be able to accelerate production of high-efficiency, extremely reliable solar cells and modules at the best cost." Tesla and SolarCity shareholders will vote on the proposed merger between the two companies, both of which count Elon Musk as the largest shareholder, on November 17. It’s possible that this announcement, along with the one on October 28th, are meant to showcase the possible synergies of a merger to the shareholders of both companies. Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | Russia provides info about arrested Armenian ex-MP Russian law enforcement agencies have provided information about the arrest of Tigran Urikhanyan. Lemkin Institue slams Pashinyan's “cryptic engagement with Genocide denial” The Lemkin Institute is alarmed over Pashinyan’s statements “questioning Armenia's legal basis to pursue justice against Turkey”. 41 detained as antigovernment protests continue in Yerevan 41 people were detained in Yerevan as people demanding Pashinian’s resignation stage campaigns of civil disobedience. Armenia votes for UN resolution granting Palestine new rights The U.N. General Assembly voted by a wide margin on May 10 to grant new “rights and privileges” to Palestine. |