Ideal Power and Diversified Technologies, Inc. to Collaborate on B-TRAN™ Based AC Circuit Breaker Under New Department of E...
June 16 2021 - 8:30AM
Ideal Power Inc. (Nasdaq: IPWR), pioneering the development
and commercialization of highly efficient and broadly patented
B-TRAN™ bi-directional power switches, is partnering with
Diversified Technologies, Inc. (DTI), under a Phase I Small
Business Innovation Research (SBIR) grant from the Department of
Energy (DOE), to develop a B-TRAN™-driven low-loss 13.8 kV
alternating current (AC) Solid State Circuit Breaker (SSCB). The
SSCB is intended to be used in medium voltage power distribution
and renewable energy / microgrid connection to the United States
main power grid.
In the Phase I project, DTI and Ideal Power
will: design a 50 MW, 13.8 kV-class SSCB; build and demonstrate
B-TRAN™ switch modules to interrupt AC power; and confirm the
efficiency and speed of the B-TRAN™ devices in AC operation. The
B-TRAN™ based SSCB is expected to limit fault energy by orders of
magnitude compared to conventional mechanical circuit breakers. If
successful and awarded a Phase II grant, DTI and Ideal Power will
build and test a full 50 MW SSCB.
“We believe this project is a significant
strategic opportunity to demonstrate B-TRAN™’s capabilities in an
arena that is incremental to our current efforts with the U.S. Navy
and one that is critical to electric grid development,” stated Dan
Brdar, President and Chief Executive Officer of Ideal Power.
“Complementing our work to develop a direct current SSCB for the
U.S. Navy, we believe this alternating current SSCB directly
addresses today’s large existing utility distribution and
transmission market that relies primarily on mechanical breakers,
which, while reliable, are slow acting, allow large fault currents
and suffer high wear and maintenance needs. While solid state
breakers are faster acting and do not experience these wear issues,
they have not yet been embraced in critical power applications
because of their high cost and conduction losses, which we believe
can be solved with B-TRAN™ SSCBs.”
SSCBs prevent damage to downstream loads,
upstream generators, and the grid itself by utilizing microsecond
current interruption times. B-TRAN™s are expected to make SSCBs
more efficient, smaller, and less expensive through:
- Elimination of the need for
external cooling systems using instead passive cooling similar to a
pad-mounted utility transformer;
- 50% lower conduction losses
compared to conventional power semiconductor switches; and
- Reduced component/switch count and
smaller footprint due to the unique bi-directional capability of
B-TRAN™.
“Solid state circuit breakers have many
advantages over legacy mechanical breakers, including increased
safety, speed, reliability and control-ability, and B-TRAN™ can
provide substantial additional improvements over uni-directional
SSCBs, solving the challenges they pose today. The global market
for all circuit breakers, including SSCBs, is projected by Fortune
Business Insights in a recent market research report to grow at a
CAGR of over 6% to $25.85 billion by 2027 – this represents
tremendous opportunity for SSCBs to gain incremental share across
numerous medium voltage applications in the utility, distributed
generation, and transmission/distribution markets, and in
additional commercial and industrial power switching applications
such as hybrid and electric vehicle power train and charging. We
look forward to this additional collaboration with DTI and a
successful demonstration for the DOE. ” stated Mr. Brdar.
About Diversified Technologies, Inc.
(DTI)Diversified Technologies, Inc. designs, manufactures,
and markets the patented PowerMod™ line of high-voltage,
solid-state, pulsed power modulators and switching power supplies.
DTI's PowerMod technology is the recipient of prestigious local and
national awards and is recognized as a true breakthrough in
high-voltage electronic design. The company has shipped hundreds of
systems to customers in the U.S. Departments of Energy and Defense,
leading universities, and private sector companies for a range of
applications including semiconductor fabrication, food processing,
high energy physics research, medical electronics, and radar. For
more information on DTI, please click here.
About Ideal Power Inc.Ideal
Power (NASDAQ: IPWR) is pioneering the development of its broadly
patented bi-directional power switches, creating highly efficient
and ecofriendly energy control solutions for electric vehicle,
electric vehicle charging, renewable energy, energy storage, UPS /
data center and other industrial and military applications. The
Company is focused on its patented Bi-directional, Bi-polar
Junction Transistor (B-TRAN™) semiconductor technology. B-TRAN™ is
a unique double-sided bi-directional AC switch able to deliver
substantial performance improvements over today's conventional
power semiconductors. Ideal Power believes B-TRAN™ modules 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.
Forward-Looking StatementsAll
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. 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 Ideal
Power’s 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 risks and
uncertainties associated with market conditions, as well as risks
and uncertainties set forth in Ideal Power’s quarterly, annual and
other reports filed with the SEC. Furthermore, Ideal Power operates
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. Ideal Power disclaims any intention
to, and undertake no obligation to, update or revise
forward-looking statements.
Ideal Power Investor Relations
Contact: LHA Investor RelationsCarolyn Capaccio,
CFAT: 212-838-3777IdealPowerIR@lhai.com
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