Ideal Power Receives Multi-Unit Order from EnerDel

Ideal Power Inc. (NASDAQ:IPWR), has received a multi-unit purchase order from EnerDel. Ideal Power is a developer of power conversion technologies, while EnerDel is a manufacturer of lithium-ion batteries and energy storage systems. The product will be used for Grid-Resilient 30kW Multi-Port Power Conversion Systems, and are scheduled to ship in Q4 2015.
According to the press release:

“Microgrids represent a significant opportunity for Ideal Power’s Grid-Resilient Multi-Port products, allowing us to expand our product reach beyond traditional behind-the-meter battery energy storage systems,” Dan Brdar, CEO of Ideal Power said. “Microgrids are a reliable and less expensive alternative to using diesel fuel-based gensets — not only for the military, but anywhere conventional generators are used as a primary source of power.”
“Ideal Power’s compact, efficient multi-port product provides unique features that enable robust deployment for mobile microgrid applications,” stated Michael Canada, CEO of EnerDel. “Selecting Ideal Power was a natural choice for microgrid systems requiring renewable integration.”
This order represents Ideal Power’s first significant multi-unit order for microgrids. A recent report from research firm Navigant shows that total global microgrid capacity nearly tripled between Q2 2014 and Q2 2015 to 12 MW. According to Navigant, the U.S. Department of Defense is the largest consumer of energy globally, and is pursuing microgrid technologies in order to reduce the amount of fuel the military consumes through the use of conventional generators.

Click here to read the full press release from Ideal Power.