AUSTIN, USA: Ideal Power Inc. announced its 125kW converter family, including a three-port hybrid converter and two-port battery converter.
Utilizing the same award-winning technology as its 30kW hybrid converter, the 125kW converter products are expected to lower costs and improve efficiency for integrating photovoltaic (PV) and energy storage solutions up to megawatt scale, as well as provide off grid and grid resilient (grid-tied battery backup) capabilities.
Ideal Power also announced that it has received an initial order for its 125kW hybrid converter from CODA Energy, a California based manufacturer and installer of commercial and industrial energy storage products. Ideal Power will display its new 125kW hybrid converter at the Solar Power International Conference, booth #2658, in Las Vegas on October 20 - 23, 2014.
"The mutual benefits of deploying battery storage with PV are well known 'off-grid,'" stated Peter Nortman, COO, CODA Energy.
"The argument to deploy storage with PV 'on-grid' is perhaps even more compelling to a resilient and sustainable energy future. We expect Ideal Power's 3-port hybrid architecture to help us meet our customer's needs in this important market space due to its comprehensive feature set and compact, efficient design."
According to information, insight and analytics firm IHS, commercial grid-tied battery inverters co-sited with PV is forecasted to grow from 36 MW of global installations in 2014 to 643 MW by 2018 and the off grid micro-grid battery inverters co-sited with PV market is forecasted to grow from 34 MW of global installations in 2014 to 400 MW by 2018.