Ideal Power (NASDAQ:IPWR), based in Austin, Texas, specializes in the design and manufacture of advanced power conversion solutions for a range of energy applications. The company’s core technology is its proprietary Coupled Power Delivery (CPD) architecture, which enables efficient bi-directional conversion between DC and DC, as well as DC and AC power streams. These solutions are widely applied in renewable energy systems, energy storage, microgrids, and electric mobility platforms.
Ideal Power’s product lineup includes bi-directional DC converters, solid-state transformers, and intelligent power controllers. By leveraging wide-bandgap semiconductor devices, their converters deliver high efficiency, compact size, and enhanced reliability for distributed energy resources. Key offerings, such as the 60 kW bi-directional DC converter and integrated microgrid controllers, support seamless energy flow management between solar arrays, battery storage, and load centers.
The company serves customers across North America, Europe, and Asia, partnering with utility providers, commercial and industrial end users, OEMs, and integrators. Ideal Power’s solutions have been deployed in on- and off-grid installations, data center backup systems, and transportation charging infrastructures. These applications benefit from the company’s focus on modularity, scalability, and grid-interactive functionality.
Founded in 2009 by CEO Mano Tuli, Ideal Power has grown from an R&D startup to a publicly traded firm on the NASDAQ under the symbol IPWR. Under Tuli’s leadership, the company has advanced its technology through collaborations with national laboratories and industry consortia. Its headquarters and primary manufacturing facility remain in Austin, supporting ongoing innovation in power electronics and clean energy integration.
