SANYO, UCSD In Research Deal

SANYO Electric Group, which has its North American headquarters in San Diego, and the University of California, San Diego, said yesterday that they are in a research collaboration agreement focused on renewable energy. SANYO said it it will invest up to $3M over three years for energy-related projects at UCSD, and that the firm and UCSD will collaborate on multi-year, multi-disciplinary projects in the areas of renewable energy and energy storage development. SANYO said the investment is the first it has made in the United states in the area of energy.