AUSTIN, TX--(Marketwired - Jul 11, 2016) - Ideal Power Inc., (NASDAQ: IPWR), a developer of innovative power conversion technologies, announced today that its new SunDial™ solar photovoltaic (PV) string inverter -- which includes an optional bi-directional 3rd port for direct integration of solar with energy storage -- was recognized as one of the top 20 energy storage disruptors by leading solar and storage publication PV-Tech. The list singles out energy storage technologies and related services that are making an impact on the storage industry.
"The multiport conversion system offers greater opportunities for solar-plus-storage, and shows an acknowledgement of a future behind-the-meter market where pairing storage with solar PV becomes common," said Greentech Media's Brett Simon, an energy storage industry analyst who was quoted in the article.
The SunDial™ was introduced in early May 2016 as the only commercial PV string inverter that offers a field-upgradable, bi-directional energy storage port. This unique feature gives PV installers and integrators the ability to add energy storage to a solar array either at the time of install or at any time in the future with a simple upgrade kit. The SunDial™'s optional DC battery port eliminates most of the extra equipment and cost traditionally associated with integrating energy storage with PV, including an additional bi-directional inverter to connect the battery to the grid with its associated AC switchgear and cabling. The SunDial™ offers many of the advantages of a central inverter, such as full galvanic isolation, but in the compact, light-weight form factor of a transformerless inverter.
"When we introduced the SunDial™, we saw it as a major milestone for the $6.9 billion* global solar PV inverter industry because of the flexibility and capital savings it would offer to solar installers that want to offer storage to their customers either today or in the future," said Dan Brdar, CEO of Ideal Power. "We are pleased with the response we've already received to the SunDial™ and we're honored to receive this recognition from PV-Tech."
Ideal Power is taking SunDial™ pre-orders now for deliveries beginning in September 2016 and is displaying the product at Intersolar North America July 12-14, 2016, in San Francisco, CA.
*Estimated global solar PV inverter revenues in 2015 according to IHS Technology
About PV Tech Power Journal
The PV-Tech Power journal is focused on the challenges and solutions concerned with designing, building and operating commercial & utility scale PV power plants. It addresses technology and business issues which impact on reducing LCOE and protecting ROI. Volume 7 "Storage On the Up" turns the focus on energy storage with guides on the top 20 technologies, understanding the costs involved and how Germany is integrating it as part of its energy transition. For more information, visit www.pv-tech.org/pv-tech-power/pv-tech-power-volume-7.
About Intersolar North America
Since its establishment in 2008, Intersolar North America has become the most attended solar event and the premier networking platform for the North American solar industry. Co-located with SEMICON West, it takes place annually at the Moscone Center in San Francisco, California, the United States' pioneering solar market. The event's exhibition and conference both focus on the areas of photovoltaics, PV production technologies, and energy storage and solar thermal technologies. Since being founded, Intersolar has become the most important industry platform for manufacturers, suppliers, distributors, service providers and partners of the global solar industry. A total of 521 exhibitors and about 18,000 trade visitors participated in Intersolar North America in 2015. The conference featured 47 sessions and 25 workshops with more than 220 speakers. For more information, visit www.intersolar.us.
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.
Safe Harbor Statement
All statements in this release that are not based on historical fact are "forward looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. While management has based any forward looking statements included in this release on its current expectations, the information on which such expectations were based may change. These forward looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties and other factors, many of which are outside of our control that could cause actual results to materially differ from such statements. Such risks, uncertainties, and other factors include, but are not limited to, whether the patents for our technology provide adequate protection and whether we can be successful in maintaining, enforcing and defending our patents, whether a demand for energy storage products will grow, whether demand for our products, which we believe are disruptive, will develop and whether we can compete successfully with other manufacturers and suppliers of energy conversion products, both now and in the future, as new products are developed and marketed. Furthermore, we operate in a highly competitive and rapidly changing environment where new and unanticipated risks may arise. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. We disclaim any intention to, and undertake no obligation to, update or revise forward-looking statements.