Ideal Power (IPWR) Planet MicroCap Showcase: VEGAS 2025 summary

Market opportunities and business model

• B-TRAN technology targets solid-state circuit breakers, renewable energy, energy storage, EVs, data centers, and industrial motor drives.

• Asset-light, fabless business model leverages existing silicon processing infrastructure.

• Initial sales achieved for B-TRAN discrete, SymCool, and SymCool IQ modules.

• First design win secured for solid-state circuit breakers with an Asian industrial and utility customer.

• Ongoing development with Stellantis for custom EV drivetrain inverter modules.

Technology highlights and competitive advantages

• B-TRAN is a bidirectional, double-sided silicon power switch, outperforming IGBTs in efficiency.

• Enables lower system costs, improved EV range, and more usable energy in renewables due to ultra-low conduction losses.

• Reduces device count and complexity in bidirectional circuits compared to conventional solutions.

• Patented architecture with 94 issued and 59 pending patents, including international coverage.

• Manufacturing process kept as a trade secret, enhancing IP protection.

Market size and application focus

• Initial addressable markets total $2.4 billion, including solid-state switchgear and renewable energy.

• Automotive market represents a $3.6 billion long-term opportunity.

• Solid-state circuit breakers are a near-term focus due to demand from grid modernization and EV charging.

• B-TRAN enables faster, safer, and more reliable circuit protection than electromechanical or standard semiconductor devices.

• Lower system costs and fewer devices needed for a given power rating compared to silicon carbide solutions.