Ideal Power Inc. (“Ideal Power” or the “Company”) (Nasdaq:
IPWR), pioneering the development and commercialization of the
highly efficient and broadly patented B-TRAN™ bidirectional
semiconductor power switch, today announced the launch of its first
commercial product, the SymCool™ Power Module. This multi-die
B-TRAN™ module, rated at 1200V 100A and incorporating double-sided
cooling, is designed to meet the very low conduction loss needs of
the solid-state circuit breaker (SSCB) market. Modules can be
paralleled to achieve a wide range of high power SSCB ratings for
utility, industrial and military applications.
“The introduction of our first commercial
product marks a pivotal development for Ideal Power’s B-TRAN™
technology, and we could not be more excited,” stated Dan Brdar,
President and Chief Executive Officer of Ideal Power. “The SymCool™
Power Module was designed specifically to enable SSCBs to deliver
very low conduction losses. B-TRAN™-enabled SSCBs are expected to
be smaller and more efficient than SSCBs using traditional
semiconductor switches while operating orders of magnitude faster
than conventional electromechanical breakers.
“We believe our SymCool™ Power Module is
well-suited for the large, growing circuit breaker market, with the
market projected to grow at a compound annual growth rate (CAGR) of
over 6% to approximately $26 billion by 2027. With clear advantages
over electromechanical, IGBT and MOSFET-based breakers, we believe
B-TRAN™ enabled SSCBs are ideal for a range of utility, military
and industrial power control applications. Today’s introduction is
a tremendous achievement for our entire team and marks the
realization of our vision for our bidirectional, low loss power
semiconductor architecture. We look forward to our first commercial
sales later in 2023 as we execute our B-TRAN™ product roadmap,”
concluded Brdar.
Key advantages of the SymCool™ Power Module
include:
Energy Savings
Circuit breakers continuously conduct current, so it is critical
to keep conduction losses to a minimum. The SymCool™ Power Module
exhibits dramatically lower conduction losses compared to IGBTs,
thereby allowing for energy savings that are necessary as power
grids are modernized. In particular, integration of renewable
energy sources and energy storage systems into the grid will
require circuit breakers that do not waste the precious energy
generated by solar or wind. The low conduction losses of the
SymCool™ Power Module meet this requirement.
Bidirectional: Fewer Switches Needed
The SymCool™ Power Module utilizes Ideal Power’s groundbreaking
innovation of a dual-sided semiconductor with inherent
bidirectional capability. Existing power semiconductors, such as
IGBTs, are single-sided and operate as unidirectional switches. The
SymCool™ Power Module takes the bidirectional concept, validated in
the Ideal Power B-TRAN™ single-chip package, to a higher-current
capability using multiple B-TRAN™ chips configured in parallel. The
result is a product that will finally enable the SSCB market.
In addition to saving energy, the inherent bidirectional
capability of the SymCool™ Power Module means that half as many
high-voltage switches are needed compared to implementation with
IGBT modules, which need a dedicated switch for each direction of
energy flow. Fewer components translate to a smaller, more cost
efficient SSCB. As new applications, such as Vehicle-to-Grid,
Vehicle-to-Home, and Vehicle-to-Vehicle (V2X) emerge with the
adoption of electric vehicles, bidirectional functionality is
needed. Renewable energy microgrids and key military applications
also require bidirectional circuit breakers that operate quickly,
and the bidirectional SymCool™ Power Module offers clear advantages
for SSCBs in these applications.
Advanced Packaging
Another benefit realized by the dual-sided structure of B-TRAN™
is the advanced module packaging developed to maximize thermal
efficiency. The SymCool™ Power Module has innovative dual-sided
cooling with built-in temperature sensing. Heat is dissipated from
both the top and bottom surface without wire bonding to meet the
ever-increasing demand for reliability, durability and efficiency.
This allows for a smaller, lower cost thermal management system,
and greater overall efficiency of the SSCB.
The SymCool™ Power Module offers a compelling solution to SSCB
applications with its combination of greater efficiency,
bidirectional capability, and advanced dual-sided cooling package.
This will enable a new generation of very fast acting SSCB designs,
while simultaneously saving energy, allowing more compact
equipment, and saving overall system cost.
A link to the SymCool™ Power Module Data Sheet can be found at
here or contact Ideal Power sales at sales@idealpower.com for
additional information about the SymCool™ Power Module.
Circuit Breakers are
Everywhere
Circuit breakers perform critical functions in
controlling the flow of electricity and containing high currents
created by faults in that flow in a wide variety of applications.
In addition to high demand for circuit breakers from renewable
energy, microgrids, energy storage, and EV applications, there is
tremendous need to upgrade aging infrastructure, including utility
transmission and distribution networks and railway systems.
Two critical circuit breaker operating
requirements are fast switching and low conduction losses.
Traditional mechanical circuit breakers are slow acting and prone
to wear and arcing; IGBT and MOSFET-based SSCBs suffer from high
conduction losses. The fast-switching speed of B-TRAN™ solves the
slow operating time and electrical arcing of electromechanical
circuit breakers while also providing more than 50% lower
conduction losses compared to SSCBs utilizing conventional
semiconductor power switches. These result in lower cost and less
complex cooling systems, benefits that significantly impact the
economics of SSCBs and improve the economics of transmission and
distribution. This is why B-TRAN™ is an enabling technology for
SSCBs.
About Ideal Power Inc.
Ideal Power (NASDAQ: IPWR) is pioneering the development of its
broadly patented bidirectional semiconductor power switch, creating
highly efficient and ecofriendly energy control solutions for
electric vehicle, electric vehicle charging, renewable energy,
energy storage, UPS/data center, solid-state circuit breaker and
other industrial and military applications. The Company is focused
on its patented Bidirectional, Bipolar Junction Transistor
(B-TRAN™) semiconductor technology. B-TRAN™ is a unique
double-sided bidirectional AC switch able to deliver substantial
performance improvements over today's conventional power
semiconductors. Ideal Power believes B-TRAN™ will reduce conduction
and switching losses, complexity of thermal management and
operating cost in medium voltage AC power switching and control
circuitry. 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 Ideal Power’s
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. Such forward-looking
statements include, but are not limited to, statements regarding
our SymCool™ Power Module being well-suited for the large, growing
circuit breaker market, that B-TRAN™-enabled SSCBs are expected to
be smaller and more efficient than SSCBs using traditional
semiconductor switches while operating orders of magnitude faster
than conventional electromechanical breakers, the CAGR of the
circuit breaker market, our belief that, with clear advantages over
electromechanical, IGBT and MOSFET-based breakers, B-TRAN™ enabled
SSCBs are ideal for a range of utility, military and industrial
power control applications and our goal of commencing our first
commercial sales later in 2023 . 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 impact of COVID-19 on our business, financial condition and
results of operations, the success of our B-TRAN™ technology,
including whether the patents for our technology provide adequate
protection and whether we can be successful in maintaining,
enforcing and defending our patents, our inability to predict with
precision or certainty the pace and timing of development and
commercialization of our B-TRAN™ technology, including the timing
of the completion of our wafer fabrication runs with our
semiconductor fabrications partners, the rate and degree of market
acceptance for our B-TRAN™, and the expected performance of future
products incorporating our B-TRAN™, and uncertainties set forth in
our quarterly, annual and other reports filed with the Securities
and Exchange Commission. 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, except
as required by applicable law.Ideal Power Investor
Relations Contact: Jeff ChristensenDarrow
Associates703-297-6917jchristensen@darrowir.com
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