Ideal Power Secures First Design Win for Solid-State Circuit Breakers

Core Insights - Ideal Power Inc. has secured its first design win for solid-state circuit breakers (SSCBs) with a major circuit protection equipment manufacturer in Asia, marking a significant milestone for the company [1][4] - The joint development agreement includes product design, prototype builds, and testing of the SSCB, with commercial sales expected to begin in late 2025 [2][4] - The initial B-TRAN®-based SSCB is projected to generate several hundred thousand dollars in revenue in the first year, potentially exceeding one million dollars in the second year [2] Company Developments - The customer focuses on renewable energy, circuit protection for industrial equipment, utility grid infrastructure, and power distribution, selling over 200 thousand circuit breakers annually [3] - The B-TRAN® technology was chosen over SiC MOSFETs due to its ultra-low conduction losses and inherent bidirectionality, which enhances performance [3][5] - Ideal Power estimates a $1 billion serviceable addressable market (SAM) for B-TRAN® in the solid-state switchgear market, including SSCBs [5] Market Opportunities - The initial SSCB will target grid-tied solar and energy storage equipment providers, as well as utility electric distribution network companies [3] - Other potential applications include data centers, lighting and air conditioning systems, electric vehicles, and energy storage solutions [3] - The company aims to leverage this design win to secure additional design wins with other SSCB customers, driving long-term value creation [4]