Although only 7 years old, Ideal Power (IP) is a major player in the multibillion-dollar electronic-power-converter market. These converters are used for renewable energy, electrical energy efficiency, smart grids and electric vehicles.
The company has won several industry awards. Last May, for example, IP received the 2013 TechConnect World National Innovation Award for its three-port hybrid converter based on Energy Packet Switching (EPS) technology.