US power electronics company Ideal Power enters German storage market
United States-based power electronics company Ideal Power has entered the German energy storage market with an order for 0.5 MW of its 30-kW power conversion systems for an unnamed customer.
The order follows a demonstration project at a commercial facility in Germany that used Ideal Power’s power conversion system.
- Ideal Power's systems can operate in 50 Hz or 60 Hz environments, giving them access to a variety of geographical markets.
Germany is one of the world's leading energy storage markets with 67 MW of energy storage (128 MWh) at the end of 2015, making it a prime market to enter into. GTM Research estimates the market could be worth $1.03 billion by 2021, an 11-fold increase from its 2015 market value in megawatt terms.
“We are pleased to expand into Germany, which has a mature residential storage market and burgeoning demand for commercial and industrial (C&I) storage,” Dan Brdar, Ideal’s CEO, said in a statement.
This summer, sonnen of Germany also launched a new product for the commercial energy storage market using power conversion systems from Ideal Power. The company touts its system's ability to scale across a wide range of markets, in particular electric vehicle charging, microgrids, battery energy storage and solar PV.
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