Ideal Power Partners with W Energies Solar One to Deploy Grid-Resilient Commercial Solar-Plus-Storage System in Texas
July 26 2017 - 8:31AM
Ideal Power Inc., (NASDAQ:IPWR), an innovative power conversion
technology company and W Energies Solar One, a streamlined solar
energy provider, have partnered to develop one of the first
commercial solar-plus-storage energy system in North Texas. The
system, which will include grid resiliency and critical load
backup, is being deployed at the headquarters of Tyler
Technologies, Inc., a leading provider of end-to-end information
management solutions and services for local governments. The solar
panels backed by batteries are being implemented to help Tyler
deliver environmentally friendly and cost-effective power, while
withstanding power outages.
For the people and products that serve the public – police
officers, teachers, 911 dispatchers and trial judges – the systems
and technology that they depend on must not be compromised when the
power grid goes down. For this reason, this public-sector
technology provider has commissioned this solar-plus-storage
resilient energy system to support its operations, and allow the
company to continue to work and address its clients’ needs at any
time.
“Thanks to declining system costs – primarily in batteries –
public sector agencies and the companies that support them now have
the opportunity to capitalize on clean renewable energy, coupled
with energy storage to protect operations against power failures
and keep our cities, counties and states moving forward,” said Dan
Brdar, CEO of Ideal Power. “We believe that this pilot project will
become a unique value add to Tyler Technologies and the services it
provides to its clients.”
The project will entail two separate systems, each comprised of
a 150 kilowatt (kW) solar photovoltaics (PV) array coupled with 300
kilowatt hours (kWh) of energy storage that will maintain power
generation for two corporate campus buildings. Each of these solar
and storage systems are integrated through five Ideal Power
Stabiliti™ 30C3 multiport power converters, a compact solution that
efficiently enables bi-directional power flow between solar,
storage and the microgrid, all in one box. In the event the power
grid fails, the system will keep power generation stable for
several hours, sustaining the power load the on-site computing and
information technology systems require.
“We’re pleased to see the potential for this project to scale
across public sector entities as this cost-effective and
environmentally progressive solution gains more attention,” said
Matthew Rater, director of operations for W Energies Solar One.
“According to our analysis, we believe that our systems combined
with Ideal Power’s power conversion technologies can offer payback
in less than seven years, making it a compelling solution for
renewable electricity that can withstand power outages.”
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, battery energy storage, mobile power and microgrids.
For more information, visit www.IdealPower.com.
About W Energies Solar OneW Energies Solar One
is an energy management and solar development firm that partners
with businesses, educational facilities, and municipalities to
substantially lower their energy costs. Solar One evaluates a
customer’s energy needs holistically, finding innovative solutions
to lower their energy price and their demand charges, thus making
their daily operations more efficient and opening up new budget
opportunities for their operations and community. Solar One
products, services, and installations are designed and handled by
energy experts, are fully insured, and come with up to 25 year
warranties, so that the energy investment that is built today will
provide substantial savings for decades to come. For more
information, visit www.solar-one.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, the success of our partnership with W Energies Solar
One, 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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