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Ideal Power Adds Global Diverse Power Management Market Leader to its B-TRAN™ Test and Evaluation Program
AUSTIN, Texas, Oct. 27, 2021 (GLOBE NEWSWIRE) -- Ideal Power Inc. (Nasdaq: IPWR), pioneering the development and commercialization of highly efficient and
About this update from Ideal Power Inc.
[{"type":"text","content":"AUSTIN, Texas, Oct. 27, 2021 (GLOBE NEWSWIRE) -- Ideal Power Inc. (Nasdaq: IPWR), pioneering the development and commercialization of highly efficient and broadly patented B-TRAN™ bidirectional power switches, today announced that a Forbes 2021 Global 500 leader in diverse power management markets will be testing and evaluating B-TRAN™ for use in bidirectional direct current solid-state circuit breaker (SSCB) applications for solar and wind systems. B-TRAN™ will be evaluated against insulated-gate bipolar transistors (IGBTs) and silicon carbide power devices. This represents Ideal Power’s first test and evaluation announcement in the industrial and utility SSCB space. This global power management leader will evaluate B-TRAN™ initially for multiple SSCB applications, with other power conversion and distribution applications expected to follow. The circuit breaker market is projected to grow at a compound annual growth rate of over 6% to $25.85 billion by 2027. “We are very excited to make this first announcement for the evaluation and potential adoption of B-TRAN™ for industrial and utility SSCB applications, building on our work with the Department of Defense and Department of Energy on B-TRAN™ enabled SSCBs,” stated Dan Brdar, President and Chief Executive Officer of Ideal Power. “With its fast switching, low conduction losses, and bidirectional capability, B-TRAN™ can solve the challenges SSCBs face, potentially enabling solid-state circuit breakers to become a broadly adopted solution that is superior to both existing mechanical circuit breakers and the high-loss semiconductor SSCB alternatives. The increased electrification in our society creates increasing demand on our circuit protection requirements from solar and wind power, energy storage, electric vehicle (EV) and EV charging and associated vehicle to grid (V2G) networks, making this a tremendous opportunity.” Circuit breakers perform a critical function in power generation, transmission and distribution systems to protect against power surges and short circuits. These needs have been traditionally filled by mechanical circuit breakers, which are slow, prone to failure and require significant time and cost to maintain. Power semiconductor replacements such as IGBTs and MOSFETs have not seen widespread deployment in circuit breakers despite their higher switching speed....