Ideal Power Inc (NASDAQ: IPWR) announced Monday that it has signed a contract with one of Asia’s largest circuit protection equipment makers to develop its first solid-state circuit breaker (SSCB) to serve industrial and utility markets.
In connection with this design victory, the company signed an agreement to jointly develop the SSCB product, which includes several B-TRAN devices.
The agreement includes product development, prototyping and testing by SSCB and is expected to be completed in the second quarter of 2025, with commercial sales later this year. Financial terms were not disclosed.
According to the company, a customer’s first B-TRAN-based product has the potential to generate hundreds of thousands of dollars in sales in the first year, with the potential to generate over a million dollars in revenue in the second year.
Ideal Power hopes that this product will be the first of several that integrate B-TRAN into SSCBs. The customer is interested in providing a set of SSCBs with B-TRAN support and a wide range of ratings.
The company’s press release said the overall partnership opportunity with the customer is projected to ultimately result in sales of 1 million units per year.
The client’s products focus on renewable energy, industrial equipment and facility circuit protection, utility infrastructure and power distribution. They currently sell over 200,000 circuit breakers annually to a large and experienced customer base in the Asian market.
Other potential customer applications include data centers, lighting and air conditioning systems, electric vehicles (including vehicle-to-grid conversion and EV contactors) and other energy storage solutions.
The customer evaluated the B-TRAN with SiC MOSFET and selected the B-TRAN due to its ultra-low conduction loss and inherent bidirectionality.
Ideal Power CEO hopes to leverage his first project win with SSCB to secure additional project wins with other SSCB clients.
For SSCB applications, the company’s B-TRAN technology significantly reduces conduction losses compared to IGBT and silicon carbide MOSFET-based SSCBs while providing inherent bidirectionality, reducing the amount of hardware required for a given circuit breaker rating, the company said.
The company estimates that the B-TRAN serviceable addressable module (SAM) market in the semiconductor distribution market, including SSCB, is $1 billion.
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This article exclusively reports: Ideal Power Bags Wins First Solid-State Switch Design Award originally appeared on Benzinga.com
Post time: Jan-06-2025