Ideal Power Inc., pioneering the development and commercialization of the highly efficient and broadly patented B-TRAN bidirectional semiconductor power switch, announced Stellantis, a top 10 global automaker, recognized Ideal Power and its program with Stellantis as a finalist in the 2023 Stellantis Venture Awards. Stellantis’ selections were based on successful collaboration, top-performing startup, impact on customer experience, novelty of the technology, and its potential scale within Stellantis.
“With the Stellantis Venture Awards we recognize the fresh, creative perspectives of innovative startups that help us deliver useful, cutting-edge features,” said Ned Curic, Stellantis Chief Engineering and Technology Officer. The high level of innovation embodied in B-TRAN and the excellent performance of the commercial B-TRAN devices provided to the Stellantis team for testing and evaluation resulted in Ideal Power securing Phase II of its development agreement with Stellantis and being recognized as a finalist in Stellantis’ Venture Awards. Additional Information on Stellantis’ Venture Awards may be found HERE.
“We are proud to receive this prestigious recognition from Stellantis and excited about our ongoing collaboration,” said Dan Brdar, President and Chief Executive Officer of Ideal Power. “We are also thrilled that we are ahead of schedule in our development program with Stellantis, having already successfully completed 3 of the 5 Phase II deliverables. We expect to complete Phase II of this ongoing program for a custom B-TRAN module, including the delivery of additional B-TRAN devices to Stellantis, ahead of schedule. Commercial sales of B-TRAN began modestly in 2023 as expected with initial packaged devices sold to Stellantis as part of the program deliverables. Overall, we successfully completed all of our 2023 milestones and are poised for another strong year of executing our B-TRAN commercialization roadmap for many applications in large, growing markets such as electric vehicles.”
Ideal Power is pioneering the development and commercialization of its award-winning B-TRAN low-loss, bidirectional solution for several key markets including electric vehicle, electric vehicle charging, solid-state circuit breaker, renewable energy, energy storage, UPS/data center, motor drive and other industrial and military power control applications.
Stellantis and Ideal Power in Phase II of Development Program
Ideal Power announced in August 2023 that the Company entered Phase II of a product development agreement with a top 10 global automaker. The name of that automaker, Stellantis, is disclosed by Ideal Power for the first time today. Under this agreement, Ideal Power is partnering with Stellantis’ advanced technology development team and an innovative packaging company selected by the automaker to develop a custom B-TRAN power module for use in electric vehicle (“EV”) drivetrain inverters in Stellantis’ next generation EV platform.
B-TRAN offers the ability to reduce cost and improve performance in EV applications, including greater vehicle range and lower thermal management requirements, reducing the need for high-cost materials such as silicon carbide.
This program represents the company’s second engagement with the world’s leading automotive manufacturers as another top 10 global automaker is in their test and evaluation program.
