AUSTIN, Texas, June 22, 2017 (GLOBE NEWSWIRE) — Ideal Ability Inc., (NASDAQ:IPWR), an adroit ability about-face technology company, today appear its articles will serve in a collaborative amalgam microgrid activity that will accommodate ability to a bartering ability on the island of Saint Croix in the U.S. Virgin Islands. Like abounding barrio in the Caribbean, this ability is absolutely broken from the axial ability filigree and has relied alone on agent generators for ability 24 hours a day. With the deployment of Ideal Power’s six Stabiliti™ 30C3 multiport ability about-face systems that accommodate solar photovoltaic and batteries, with the absolute agent generators, the ability will be able to abate ammunition and activity costs, and cut greenhouse gas emissions by harnessing the ability of the sun to ability the facility.
The amount of electricity on the Caribbean islands averages about 50 cents per kilowatt-hour (kWh) – about three to bristles times that of the acreage United States. Decades of agilely aerial electricity prices, accompanying with poor ability affection and common filigree outages accept contributed to the region’s aerial amount of business and attenuate advance in abounding Caribbean economies. Renewable activity technologies authority abundant affiance for the arena by bringing a about-face of activity sources and abundant amount reductions.
“Our technology is enabling the deployment of clean, cost-effective and able ability bearing in areas area there is no reliable filigree available,” said Dan Brdar, CEO of Ideal Power. “Thanks to our multiport technology, our six ability about-face units will run in alongside to accommodate solar, accumulator and agent into a amalgam microgrid that will abutment amount able ability bearing about the clock.”
In an accomplishment to alteration to cost-effective acceptable ability solutions, the Saint Croix-based bartering ability has alleged aloft avant-garde activity ally to advance a next-generation solar-plus-storage activity that encompasses six 33 kilowatt (kW) photovoltaic solar arrays, three 135 kW agent generators and a 300 kWh battery. The affiliation of the solar and agent ability systems is fabricated accessible through six Stabiliti units, a bunched band-aid that calmly enables bi-directional ability breeze amid solar, accumulator and diesel, all in one box.
The amalgam microgrid is allotment of the facility’s environmentally accelerating design, boasting aerial ability heating, blast and air conditioning, 100% LED lighting, and now, solar ability generation.
“This activity represents a absolute acute move by an off-grid business,” said John Merritt, director of applications engineering at Ideal Power. “Shifting to apple-pie activity will account costs and accredit the business to focus on accouterment the best acquaintance for its customers. We are optimistic that added island businesses and residences will see the abeyant of renewable activity systems to addition activity attention and save on costs.”
About Ideal Ability Inc.Ideal Ability (NASDAQ:IPWR) is a ability about-face technology aggregation that delivers able and bunched solutions to arrangement integrators and activity developers to affix broadcast activity assets to the grid. Ideal Power’s articles action added achievement for battery-enabled applications at a aggressive cost, backed by first-rate chump service. With its patented ability about-face technology, Ideal Ability supports a ample set of growing markets, including solar photovoltaics, array activity storage, adaptable ability and microgrids. For added information, appointment www.IdealPower.com.
Safe Harbor StatementAll statements in this absolution that are not based on absolute actuality are “forward attractive statements” aural the acceptation of the Private Securities Litigation Reform Act of 1995 and the accoutrement of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. While administration has based any advanced attractive statements included in this absolution on its accepted expectations, the advice on which such expectations were based may change. These advanced attractive statements await on a cardinal of assumptions apropos approaching contest and are accountable to a cardinal of risks, uncertainties and added factors, abounding of which are alfresco of our ascendancy that could account absolute after-effects to materially alter from such statements. Such risks, uncertainties, and added factors include, but are not bound to, whether the patents for our technology accommodate able aegis and whether we can be acknowledged in maintaining, administration and arresting our patents, whether a appeal for activity accumulator articles will grow, whether appeal for our products, which we accept are disruptive, will advance and whether we can attempt auspiciously with added manufacturers and suppliers of activity about-face products, both now and in the future, as new articles are developed and marketed. Furthermore, we accomplish in a awful aggressive and rapidly alteration ambiance area new and hasty risks may arise. Accordingly, investors should not abode any assurance on advanced statements as a anticipation of absolute results. We abandon any ambition to, and undertake no obligation to, amend or alter advanced statements.
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