Panasonic forecasts $6.25 billion data centre storage business by 2029

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Panasonic forecasts $6.25 billion data centre storage business by 2029

Japanese manufacturer plans a US$2 billion investment programme across Japan, the US and Mexico as it targets rapid growth in AI-driven power infrastructure demand.

By João Marques Lima

Founder and Editor, The Tech Capital

3 Mins

Panasonic forecasts $6.25 billion data centre storage business by 2029

Panasonic Holdings (TYO: 6752) has set a target of generating nearly JPY1 trillion (US$6.25 billion) in annual revenue from energy storage systems for data centres by fiscal year 2029, as the company positions itself to capitalise on rising demand from AI infrastructure deployments.