KYOCERA Corp. has released its financial results for both 1Q14 and fiscal year 2013. Driven by domestic demand to PV products and systems, annual and quarterly revenues both increased.

In KYOCERA’s financial report, the Applied Ceramics division, which produces PV products, reached revenue of US $2.66 billion, representing a 12.3% annual growth and a 12% operating margin. It also reached a 3% year-over-year increase in revenues to US $751 million. KYOCERA stated in the report that the growth was a result of higher demand to commercial PV systems.

Additionally, KYOCERA conveyed its plans to integrate PV products, including energy-managing controllers, to help distribution. The company also revealed its ambitions to develop PV modules and energy storage systems for entering business of designing, constructing and maintaining PV power plants.