Ideal Power Inc., a developer of a disruptive power conversion technology, today announced it signed a Strategic Supplier Agreement to provide power conversion systems to Green Charge Networks and received a multi-unit order for its 30-kW Battery Converter. The units will be used to support Green Charge’s intelligent energy storage solution at several California schools in the districts of Mountain View and Tulare. The installations will help the schools reduce costly peak demand charges with a projected cumulative energy savings of more than $1.5 million over the contract term.
“Peak demand is a critical issue in California and Green Charge is at the forefront of delivering intelligent energy storage solutions,” commented Dan Brdar, CEO, President and Chairman of Ideal Power. “We are seeing significant traction in product orders for energy storage systems and this reflects a growing market demand for our products.”
Ideal Power’s 30-kW battery converter offers high efficiency with the smallest footprint in the industry. Utilizing the company’s award-winning Power Packet Switching Architecture (PPSA), the 30-kW Battery Converter provides electrical isolation while eliminating the need for a transformer, making it smaller, lighter and more cost effective than traditional power converters. It is ideal for commercial and community-scale energy storage systems and can smooth intermittent renewable generation, provide load shifting, reduce peak demand and buffer EV fast chargers.
“We are committed to using the best of breed technology in our intelligent energy storage systems,” said Vic Shao, CEO of Green Charge Networks. “Green Charge’s system requires a power conversion solution that can scale and adapt to multiple applications in order to meet the growing demand for energy storage. We are pleased to be working with Ideal Power.”
Ideal Power has worked closely with Green Charge Networks since 2013, providing systems for more than a dozen California customers including municipal buildings, schools, and electric vehicle fast charging installations.