Ideal Power Sets Growth Path with Key Customer Agreements

Ideal Power has signed two key customer agreements and set a growth path for 2026, targeting high-growth power electronics markets in EVs, data centers, renewable energy, grid infrastructure, and energy storage systems. The company has also strengthened its patent portfolio, raised $12.6 million in funding, and has $6.1 million in cash and cash equivalents. Ideal Power aims to accelerate the commercialization of its B-TRAN bidirectional semiconductor power switch and expand its solutions into additional markets.