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).