Ideal Power, Powin target US and Chinese markets with C&I storage systems

Share on linkedin
LinkedIn
Share on twitter
Twitter
Share on reddit
Reddit
Share on facebook
Facebook
Share on email
Email

An Ideal Power hybrid converter undergoing testing at the US National Renewable Energy Lab (NREL). Image: Ideal Power.
Power conversion technology developer Ideal Power announced that it has signed off on a Master Purchase Agreement with Powin Corporation — a provider of commercial and industrial energy storage systems — to supply its 30kW and 125kW power conversion systems for Powin’s selection of commercial battery energy storage systems.

Powin has already issued orders for Ideal Power’s products, which are being shipped over to customer sites in the US and China for deployment in 2016.

Ryan O'Keefe, senior vice president of business development for Ideal Power, said: "Powin is a long term customer of Ideal Power and we are pleased to partner with them as they scale their battery energy storage business in the U.S. and China.”

Virgil Beaston, Powin's chief technology officer, added: "Based on our experience using Ideal Power products, they were a natural choice for us as we look to scale our system offerings. Ideal Power's industry-leading performance, cost and innovative products will allow us to have a competitive and differentiated product offering for our customers."

Ideal Power’s products are software configurable, giving them the ability to function in 50Hz or 60Hz environments, magnifying the ease of deployment in various geographical markets and allowing for flexible, optimal performance. The company also signed a deal in July last year with solar inverter maker KACO to access the bi-directional power conversion systems Ideal Power has developed, including the patented Power Packet Switching Architecture (PPSA). 

Read Next

December 1, 2021
Supply chain shocks are causing short-term rises in the price of lithium-ion battery packs, but overall the price trend is downward and by 2024 average prices could dip below US$100/kWh.
November 8, 2021
Sunamp, a Scotland-headquartered manufacturer of a thermal energy storage technology, has just signed an agreement with a distributor to target nearly US$70 million of sales in China and open a factory in the Asian country.
October 8, 2021
China has once again been ranked top for involvement in the global lithium-ion battery supply chain by BloombergNEF, but for the first time the US has come in second amid a policy rush to support the domestic industry. 
October 7, 2021
Total demand for energy storage between this year and 2030 could be close to 1TWh worldwide, according to analysis from Wood Mackenzie Power & Renewables. 
October 6, 2021
Research firm IHS Markit has said that 2021 marks the start of a continued period of rapid growth for the global energy storage industry, forecasting more than 12GW installations in total this year.

Most Popular

Email Newsletter