ESNA Innovation Award Winning DC Fast Charging Project Driven by Ideal Power’s 30kW Battery Converter

AUSTIN, TX–(Marketwired – Oct 13, 2016) – Ideal Power Inc., (NASDAQ: IPWR), a developer of innovative power conversion technologies, provided the 30kW power conversion systems for EVgo’s Stationary Storage + Electric Charging (SSPEC) project at the University of California, San Diego (UCSD), that was recently named Energy Storage North America’s (ESNA) 2016 Innovation Award winner in the mobility project category.

The EVgo system reduces the cost of ownership for electric vehicle charging by leveraging two Ideal Power 30kW battery converters integrated by EVgrid with two 50 kWh second-life batteries from BMW. The project demonstrates a demand management solution for EVgo’s network of DC Fast Chargers. This project explores how incorporating energy storage with Level 3 EV charging infrastructure can reduce the cost of developing, constructing, and operating EV charging stations to make charging accessible and affordable to all EV drivers.

“EVgo, who built the largest public electric vehicle charging network in the country, incorporated our technology into their project at UCSD and we’re thrilled that it won a 2016 ESNA Innovation Award,” said Dan Brdar, CEO at Ideal Power. “Facilitating EV charging directly from energy storage to minimize demand charges is just one of the many applications where our power conversion systems excel and is a targeted growth market for our products.” 

The ESNA Innovation Awards annually recognize energy storage projects that demonstrate an exceptional level of design & engineering in practical applications. Ideal Power’s technology was utilized in four of the six projects named as distributed storage and mobility finalists for 2016.

Ideal Power’s power conversion systems are based on its patented, industry-leading Power Packet Switching Architecture™ (PPSA) which offers customers a proven, compact, high-efficiency solution for energy storage systems. Ideal Power’s systems are software configurable, allowing them to operate in 50Hz or 60Hz environments, maximizing the ease of deployment in different geographical markets and providing the flexibility to optimize performance for many energy applications. The significant reduction in the size and weight of Ideal Power systems results in dramatically lower installation costs.

About Ideal Power Inc.
Ideal Power Inc. (NASDAQ: IPWR) is a technology company dedicated to advancing the efficiency of electric power conversion. The company has developed a novel, patented power conversion technology called Power Packet Switching Architecture™ (“PPSA”). PPSA improves the size, cost, efficiency, flexibility and reliability of electronic power converters. PPSA can scale across several large and growing markets, including solar PV, variable frequency drives, battery energy storage, mobile power, microgrids, and electric vehicle charging. The company is also developing and has patented a bi-directional, bi-polar junction transistor (“B-TRAN™”) which has the potential to dramatically increase bi-directional power switching efficiency and energy density. Ideal Power employs a capital-efficient business model which enables the company to address development projects, R&D and markets simultaneously. For more information, visit www.IdealPower.com.

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