Ideal Power Inc.
Ideal Power Inc. (IPWR) is an innovative power semiconductor and power conversion technology company currently focused exclusively on the development and commercialization of its patented Bi-directional, Bi-polar Junction Transistor (B-TRAN™) solid state switch technology. Until 2018, the company’s main emphasis was on designing and selling electrical power conversion products based on proprietary Power Packet Switching Architecture (PPSA) technology. In 2019, this business was sold due to the slow growth in the commercial and industrial energy storage market and to have a singular focus on the promising B-TRAN™ technology. Commercialization of the B-TRAN™ technology is progressing well, with proof of concept, a B-TRAN™-enabled demonstration project underway, and a customer sampling program expected in 2021 and initial B-TRAN™ sales expected in 2022. Necessary funding for the technology development and working capital is already in place with the recent $21.2 million public offering. Once commercialized, the company’s operational revenues could reach $60-120 million assuming just a 1-2% share of the current IGBT $6.0 billion market, a market which is expected to grow to $11.0 billion by 2026 according to company sources.