Ideal Power
Ideal Power Inc. is a publicly traded semiconductor company developing B-TRAN, a proprietary monolithic bidirectional power switch that reduces losses 50–90% versus IGBTs, targeting electric vehicles, renewable energy, energy storage, data centers, and solid-state circuit breakers. It is pre-commercialization, engaging enterprise customers such as Stellantis and Asian power module manufacturers through custom development and design-in programs.
- Company typePublic
- Founded2007
- HeadquartersAustin, United States
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What Ideal Power does
Ideal Power Inc. (NASDAQ: IPWR), founded in 2007 and headquartered in Austin, Texas, is a power conversion semiconductor company developing and commercializing B-TRAN (Bidirectional Bipolar Junction Transistor), a proprietary monolithic bidirectional semiconductor power switch. B-TRAN is engineered to reduce conduction and switching losses by approximately 50% to over 90% compared to conventional IGBTs and to replace multiple conventional switches with a single device in bidirectional applications, with current product specifications at 1200V, 75A and switching frequencies up to 35 kHz. The company targets high-growth power electronics end-markets including electric vehicles and EV charging, renewable energy inverters, energy storage, data center UPS systems, and solid-state circuit breakers (SSCBs), with particular emphasis on SSCBs for AI data center 800V DC power architectures.
The company's business model is hardware sales of its B-TRAN semiconductor devices and reference designs, distributed through a direct enterprise sales motion targeting hyperscalers, automotive OEMs, and Asian power module manufacturers. Revenue mechanics are anchored on design-ins, custom development programs, and initial production ramp with strategic partners. Ideal Power is pre-commercialization: trailing twelve-month revenue as of early 2026 was approximately $0.03M with a negative gross margin, Q1 2026 revenue was $0, and management has stated no commercial revenues are expected in 2026 with initial sales orders later in the year and ramp into 2027. FY2025 net loss was approximately $10.6M, Q1 2026 net loss was $3.6M, and cash stood at $16.4M with no long-term debt after a $30M registered direct offering in May 2026.
Customer and partner engagement centers on Stellantis (custom development program for EV applications with Q1 2026 sample delivery and an automotive reliability testing purchase order), Lazzen (strategic collaboration for B-TRAN-enabled circuit protection in Asian markets), an unnamed US hyperscaler (letter of intent to co-develop an SSCB prototype targeting NVIDIA's Rubin Ultra 800V DC data center power architecture), and an unnamed lead Asia customer with two new SSCB projects initiated in Q1 2026. The qualified sales opportunity funnel is reported at nearly $200M. The company holds a broad global patent estate covering B-TRAN device architecture and packaging, control methodologies, and application-specific uses. Leadership was overhauled in late 2025 with the appointment of David Somo as CEO, Mark Russell as CCO, and Clay Beltran as COO, all drawn from ON Semiconductor, Semtech, Infineon, Diodes, and related semiconductor firms.
Ideal Power firmographics
Firmographics- Name
- Ideal Power
- Legal name
- Ideal Power Inc.
- Website
- https://idealpower.com
- Company type
- Public
- Founded year
- 2007
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Ideal Power Inc. is a publicly traded semiconductor company developing B-TRAN, a proprietary monolithic bidirectional power switch that reduces losses 50–90% versus IGBTs, targeting electric vehicles, renewable energy, energy storage, data centers, and solid-state circuit breakers. It is pre-commercialization, engaging enterprise customers such as Stellantis and Asian power module manufacturers through custom development and design-in programs.
- Ownership category
- akta.pro rank
Ideal Power industry classification
Industry- Product category
- Power Semiconductors
- NAICS
- Relay and Industrial Control Manufacturing (335314)
- SIC
- Electronic & Other Electrical Equipment (No Computer Equip) (3600)
- akta.pro primary industry
- High-Voltage & High-Power Conversion (HVDC supplies, traction/rail converters, large rectifiers) (IMAGADAH)
- akta.pro secondary industries
- Battery Management Systems (BMS) & Battery Electronics (IMAGAHAC), Battery Management System (BMS) & HV Control Electronics Manufacturing (IMACACAH)
Keywords
Where Ideal Power is headquartered
LocationHeadquarters
- HQ city
- Austin
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Ideal Power business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Technology or R&D, Personnel, Supply Chain, Operations, Marketing or Sales
Revenue model
- B-TRAN Semiconductor Device Sales: Pre-commercialization stage. The company is in the process of commercializing its B-TRAN bidirectional semiconductor power switch through design-ins, custom development programs, and initial production ramp with strategic partners. Revenue is expected to begin later in 2026 with ramping into 2027. Current revenue is minimal ($0.03M over trailing twelve months as of early 2026) with negative gross profit margin.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
Ideal Power product offering
Product offeringCore offering
Ideal Power develops and is commercializing B-TRAN®, a proprietary monolithic bidirectional semiconductor power switch. B-TRAN® reduces conduction and switching losses by 50–90% compared with conventional IGBTs and replaces two IGBTs and two diodes with a single bidirectional device in applications such as EV powertrains, EV charging, renewable inverters, energy storage, data center UPS, and solid-state circuit breakers. The company sells B-TRAN® discrete devices (1200V, 75A) directly to enterprise customers and partners with power module manufacturers for integration.
Product overview
Ideal Power offers a single core product—the B-TRAN® bidirectional semiconductor power switch—along with application examples demonstrating how the technology integrates into power electronics systems. B-TRAN® is a monolithic bidirectional switch available in a 1200V, 75A specification that replaces conventional IGBT configurations in applications such as solid-state circuit breakers, matrix converters, and 3-level T-type inverters. The technology provides approximately 50% lower losses than IGBTs, with switching frequencies up to 35 kHz and innovative low-inductance packaging.
Differentiator
Problem solved
Functional benefit
Brands
- B-TRAN: Bidirectional Bipolar Junction Transistor - the company's proprietary semiconductor power switch technology offering ultra-low conduction losses and bidirectional switching capabilities for applications in EVs, EV charging, renewables, data centers, and solid-state circuit breakers.
Products and services
- B-TRAN® Bidirectional Semiconductor Power Switch A proprietary monolithic bidirectional semiconductor power switch that reduces conduction and switching losses by 50–90% compared to conventional IGBTs and replaces multiple conventional switches with a single device in bidirectional power conversion applications. Sold to enterprise customers including automotive OEMs, hyperscalers, and power module manufacturers for use in EV powertrains, EV charging, renewable inverters, energy storage, data center UPS, and solid-state circuit breakers.
- B-TRAN®-Enabled Solid-State Circuit Breaker (SSCB) An application reference design and development target using B-TRAN® as the enabling semiconductor switch for solid-state circuit breakers. Targets data center, industrial, and grid-tied power protection applications where faster, more efficient solid-state protection is required to replace mechanical breakers.
- B-TRAN®-Enabled Matrix Converter An application reference design using B-TRAN® for AC-AC matrix conversion without an intermediate DC link, leveraging the device's inherent bidirectional switching to simplify converter topology for industrial drives and power systems.
- B-TRAN®-Enabled 3-Level T-Type Inverter A reference inverter topology using B-TRAN® devices to deliver improved efficiency and reduced switching losses in power conversion systems such as renewable energy inverters and energy storage bidirectional converters.
Quantifiable outcome
- 50% or more reduction in power losses vs. IGBTs depending on application
- +6 more outcomes
Companies that use Ideal Power
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles4 records
Ideal Power technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Ideal Power partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and minor.
- US Hyperscaler / Industry PartnercoreLetter of intent signed with an industry partner to co-develop a B-TRAN-enabled solid-state circuit breaker prototype for evaluation by a US hyperscaler targeting NVIDIA's Rubin Ultra 800V DC AI data center power distribution architecture. Prototype completion expected by end of Q4 2025. Volume production ramp could begin in 2027 as AI workloads drive data center power requirements toward one megawatt per rack.
- Power Semiconductor Industry (APEC Participants)minorAt the Applied Power Electronics Conference (APEC), multiple chip manufacturers including Infineon, Navitas, Renesas, Innoscience, STMicroelectronics, and Texas Instruments showcased 650V-class bidirectional switch products, with Enphase Energy achieving the first commercial application of GaN BDS in its IQ9 photovoltaic micro-inverter. Ideal Power participates in this shifting industry landscape.
- LazzencoreNew agreement signed with Lazzen, an Asian power module manufacturer, for B-TRAN-enabled circuit protection solutions. Lazzen is a strategic collaboration partner for developing and manufacturing B-TRAN-based power modules for Asian markets.
- StellantiscoreCustom development program with Stellantis for EV applications. Company fulfilled a purchase order for automotive reliability testing. Initial next-generation B-TRAN samples delivered Q1 2026 for EV applications including potential use in EV powertrains and contactors.
- Lead Asia CustomercoreTwo new projects initiated with the company's lead Asia customer in Q1 2026 for solid-state circuit breaker development. Functional testing and qualification expected later in summer 2026.
- Asia Power Module Maker (LOI)coreLetter of intent signed with an Asia-based power module maker for B-TRAN-enabled product development, expanding the company's partner ecosystem in Asian markets.
Scale indicators9 records
Recent moves6 records
Expansion highlights5 records
Ideal Power competitors and assessment
Company assessmentEmerging players
- Innoscience: Innoscience is a China-based GaN power semiconductor manufacturer that showcased 650V-class bidirectional switch products at APEC 2026. Direct overlap with B-TRAN in bidirectional switching architecture and target applications including micro-inverters and EV charging.
- Wolfspeed: Wolfspeed is a pure-play silicon carbide (SiC) power semiconductor company targeting EVs, renewable energy, and industrial power applications. SiC MOSFETs and B-TRAN compete for the same high-efficiency design wins in automotive and energy storage inverters.
Broad incumbents
- Monolithic Power Systems: Monolithic Power Systems designs and manufactures highly integrated power management solutions for data center, automotive, industrial, and consumer applications. Comparable business model in high-efficiency power conversion semiconductors.
- Infineon Technologies: Infineon is the global market leader in power semiconductors (IGBTs, SiC, GaN) and a broad incumbent in EVs, renewables, and industrial power. The company's new bidirectional switch offering directly competes with B-TRAN across all target applications.
- STMicroelectronics: STMicroelectronics is a broad incumbent semiconductor company with significant power semiconductor offerings including IGBTs, SiC MOSFETs, and emerging GaN/bidirectional switches. STMicro competes with B-TRAN across EV, industrial, and renewable energy applications.
- ON Semiconductor (onsemi): Onsemi is a leading power semiconductor and intelligent sensing company with strong positions in EV powertrains, renewable energy, and industrial power. The company's SiC and IGBT products compete with B-TRAN in automotive and energy applications.
Others
- Diodes Incorporated: Diodes is a broad analog and discrete semiconductor manufacturer with discrete, power management, and connectivity products. Relevant given the new COO Clay Beltran's prior tenure and shared focus on power discrete semiconductors for similar industrial and automotive applications.
Direct peers
- Navitas Semiconductor: Navitas is a pure-play gallium nitride (GaN) power semiconductor company targeting similar high-efficiency applications including data centers, EVs, and renewables. Both companies are pre-revenue or early-revenue GaN/bidirectional power switch specialists competing for the same design-in sockets.
- Efficient Power Conversion (EPC): EPC designs and manufactures GaN-based power transistors targeting high-frequency, high-efficiency power conversion in similar end markets (data centers, EVs, renewables). EPC's eGaN FETs compete head-to-head with B-TRAN for next-generation bidirectional switch sockets.
- Power Integrations: Power Integrations is a fabless power semiconductor company selling high-voltage integrated circuits for power conversion in similar industrial, renewable, and EV charging applications. Comparable business model focused on high-efficiency, high-voltage power switches.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights7 records
Customer concentration
Ideal Power social profiles
Digital presenceIdeal Power financial estimates
Financial estimateRevenue estimate
Valuation estimate
Ideal Power leadership team
Management profileNumber of profiles
Profiles4 records
Ideal Power funding detail
Funding detailFunding overview
Funding rounds8 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Ideal Power M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Ideal Power
What does Ideal Power do?
Ideal Power develops and is commercializing B-TRAN®, a proprietary monolithic bidirectional semiconductor power switch. B-TRAN® reduces conduction and switching losses by 50–90% compared with conventional IGBTs and replaces two IGBTs and two diodes with a single bidirectional device in applications such as EV powertrains, EV charging, renewable inverters, energy storage, data center UPS, and solid-state circuit breakers. The company sells B-TRAN® discrete devices (1200V, 75A) directly to enterprise customers and partners with power module manufacturers for integration.
Is Ideal Power a public or private company?
Ideal Power is a public company. It is classified as public and is currently operating.
When was Ideal Power founded?
Ideal Power was founded in 2007. It employs 11 to 50 people.
Where is Ideal Power based?
Ideal Power is headquartered in Austin, United States, in the North America region.
How does Ideal Power make money?
One revenue line is on record: B-TRAN Semiconductor Device Sales.
Who are Ideal Power's main competitors?
Emerging players on record are Innoscience and Wolfspeed. Broad incumbents are Monolithic Power Systems, Infineon Technologies, STMicroelectronics and ON Semiconductor (onsemi). Diodes Incorporated is listed as an others. Direct peers are Navitas Semiconductor, Efficient Power Conversion (EPC) and Power Integrations.
Does Ideal Power have an API?
No public API is recorded for Ideal Power.
What industry is Ideal Power in?
Ideal Power's product category is Power Semiconductors. Its primary akta.pro industry code is IMAGADAH, High-Voltage & High-Power Conversion (HVDC supplies, traction/rail converters, large rectifiers), with a secondary code of IMAGAHAC, Battery Management Systems (BMS) & Battery Electronics. Its NAICS code is 335314 and its SIC code is 3600.