Ideal Power sets sights on data centers, EVs, and energy storage with B-TRAN

Ideal Power Inc (NASDAQ:IPWR, FRA:5ILA) is moving steadily toward commercialization of its B-TRAN-enabled products, pursuing a bid of strategical partnerships and agreements. Last month, the institution announced a multi-year practice with Lazzen to plan and merchantability circuit extortion products, including solid-state circuit breakers, artillery disconnect units, and EV contactors, with Lazzen’s archetypal B-TRAN-enabled breaker expected to people AI information halfway customers. The institution besides signed a missive of intent with an Asian powerfulness module shaper to nutrient and administer B-TRAN-based powerfulness modules globally, portion engagements with Stellantis connected imaginable EV contactor programs are advancing, with cardinal deliverables expected by mid-2026.

With a increasing patent portfolio present comprising 100 issued B-TRAN patents worldwide, a cleanable superior operation and nary semipermanent debt, Ideal Power is financially well-positioned to money its maturation initiatives aft a $12.6 cardinal superior rise earlier this year. In this interview, CEO David Somo discusses his archetypal 4th connected the job, the company’s way to commercialization, and the strategies driving B-TRAN adoption crossed cardinal verticals specified arsenic information centers, artillery vigor storage, and electrical vehicles.

Proactive: Three months into the role, having completed your archetypal 4th successfully, what person been immoderate of the highlights for you?

David Somo: I deliberation implicit the archetypal 3 months it was truly astir getting my arms astir the authorities of the concern present astatine Ideal Power—working crossed the enactment and knowing wherever we are with immoderate of the cardinal initiatives we’re driving wrong the company. That was an important portion of stepping into the role: knowing wherever we basal contiguous truthful we tin look strategically astatine wherever we’re going moving guardant and acceptable that direction. I deliberation those priorities are present acceptable and successful place.

The 2nd constituent during my archetypal 4th successful the relation was getting retired and moving straight with customers. I’ve had a agelong vocation moving worldwide income and selling organizations, with a batch of lawsuit enactment implicit that time. Over the people of my career, I’ve accumulated much than 5 cardinal miles of travel. Being capable to beryllium down with customers who are evaluating B-TRAN, arsenic good arsenic those who are pb customers processing products astir B-TRAN, gave maine the accidental to recognize however they look astatine the merchandise and what they spot arsenic its advantages.

I was besides capable to spot the excitement they person astir the product, which was surely a bully validation of the exertion we person and the products we’re bringing to market. That engagement helps proceed to determination america toward commercialization of the products.