Ideal Power to Enter the German Energy Storage Market
Germany is one of the world's leading energy storage markets with 67 megawatts of energy storage (128 megawatt-hours) at the end of 2015. Factors including the nation's declining feed-in tariffs, high retail electricity rates and abundance of installed renewables make it an attractive market for the energy storage value proposition. According to GTM Research, the German energy storage market will grow eleven fold in megawatt terms between 2015 and 2021 to reach an annual value of just over $1 billion.
"We are pleased to expand into Germany, which has a mature residential storage market and burgeoning demand for commercial and industrial (C&I) storage," said Dan Brdar, CEO of Ideal Power. "The pilot commercial installation was a successful case study and shows that our products combined with distributed energy storage have value beyond the U.S. demand charge application."
Ideal Power's patented PPSA™-based PCS are smaller and lighter than traditional technology without the efficiency losses associated with conventional power converters. The grid resilient 30kW PCS offers customers a proven, compact, high-efficiency solution for integrating energy storage at C&I facilities where space can be limited. Ideal Power's systems are also software configurable, which allows operation in 50Hz or 60Hz environments -- improving the ease of deployment in different geographical markets -- and provides the flexibility to enhance performance for a variety of energy applications. The significant reduction in the size and weight of Ideal Power systems also results in dramatically lower installation costs.
