Ideal Power to Provide Over One Megawatt of its Stabiliti™ Power Conversion System for Solar-Plus-Storage Integration in Ca...
July 20 2017 - 8:31AM
Ideal Power Inc., (NASDAQ:IPWR), an innovative power conversion
technology company, today announced that it has received an order
for 35 units of its compact and efficient Stabiliti™ 30 kilowatt
(kW) power conversion system from an existing customer. The
Stabiliti will be integrated with energy storage and solar
photovoltaics (PV) at a municipal school district in Northern
California, with systems to be installed at six different campus
locations. The six solar-plus-storage systems will lower high
electricity costs caused by time of use and demand charges, while
also reducing the impact of power disruption due to grid
constraints.
“In addition to reducing energy costs, solar-plus-storage
systems can provide critical load support to keep government
buildings, universities, schools and hospitals up and running in
the event of grid outages due to rolling blackouts, brownouts or
severe weather events,” said Dan Brdar, CEO of Ideal Power.
“Critical load support is normally accomplished using diesel
generators that may harm the environment due to emissions, require
regular maintenance and expensive refueling, and can damage
sensitive equipment when bringing the facility back online after a
power outage. Stabiliti enables renewable energy as the school’s
high-quality backup power source, dramatically reducing generator
runtime and fuel use.”
In California, high energy bills are the second largest
operating expense for many school districts. According to the
United States Department of Energy, schools in the United States
spend about $6 billion a year on energy. Solar power paired with
energy storage is a powerful tool for schools to manage expenses
and direct capital towards improvements to education, while also
lowering their carbon footprint.
Ideal Power’s Stabiliti series is a grid-resilient 30
kW power conversion system that is available in two versions: a
two-port AC-DC system for energy storage, and a versatile
multi-port AC-DC-DC system that enables the direct integration of
solar and storage, The Stabiliti series is used by project
developers and system integrators who need to efficiently connect
distributed energy resources to the grid. Key features of the
Stabiliti include full galvanic isolation, grid forming
capabilities for microgrid applications and a smaller footprint and
weight compared to traditional power converters, resulting in lower
installation costs. Stabiliti is the next generation of Ideal
Power’s patented Power Packet Switching Architecture (PPSA)™
technology and incorporates new benefits for commercial and
industrial customers.
About Ideal Power Inc.Ideal Power (NASDAQ:IPWR)
is a power conversion technology company that delivers efficient
and compact solutions to system integrators and project developers
to connect distributed energy resources to the grid. Ideal Power’s
products offer enhanced performance for battery-enabled
applications at a competitive cost, backed by first-rate customer
service. With its patented power conversion technology, Ideal Power
supports a broad set of growing markets, including solar
photovoltaics, variable frequency drives, battery energy storage,
mobile power, microgrids and electric vehicle fast charging. For
more information, visit www.IdealPower.com.
Safe Harbor StatementAll 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 our products will be able to successfully
provide backup power, 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.
Ideal Power Media Contact:
Antenna
Kalena Gravina
idealpower@antennagroup.com
1.201.465.8013
www.antennagroup.com
Ideal Power Investor Relations Contact:
MZ North America
Chris Tyson
IPWR@mzgroup.us
1.949.491.8235
www.mzgroup.us
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