Ideal Power signs key customer agreements, sets 2026 growth path Proactive Tue, March 10, 2026 at 10:07 PM GMT+8 3 min read In this article: - IPWR +2.34%
Ideal Power signs key customer agreements, sets 2026 growth path Proactive uses images sourced from Shutterstock Ideal Power Inc (NASDAQ:IPWR, FRA:5ILA) is accelerating the commercialization of its B-TRAN bidirectional semiconductor power switch, signing two new customer agreements and positioning the technology for widespread adoption in high-growth power electronics markets.
Ideal Power, reporting results for the fourth quarter and full year ended December 31, 2025, highlighted partnerships and ongoing development programs targeting applications in electric vehicles (EVs), data centers, renewable energy, grid infrastructure, and energy storage systems.
“We're excited to have signed two new customer agreements for the development of B-TRAN-enabled solutions addressing focus applications that span solid-state circuit protection for data centers, renewable energy and energy storage systems, grid, electric vehicles and charging infrastructure,” said CEO David Somo.
“Now that we have set out a clear path, our focus is on disciplined execution."
During the quarter, Ideal Power announced a multi-year strategic cooperation with Lazzen to design and sell B-TRAN-enabled circuit protection products, including solid-state circuit breakers, battery disconnect units, and EV contactors. Lazzen’s first B-TRAN-enabled breaker is expected to target AI data center customers.
The company also signed a letter of intent with an Asian power module manufacturer to produce and distribute B-TRAN-based power modules to global customers. Engagements with Stellantis on potential EV contactor development programs are advancing, with remaining deliverables under an existing purchase order expected by mid-2026.
Ideal Power’s patent portfolio continues to grow, now comprising 100 issued B-TRAN patents, including 48 outside the United States, with 78 additional patents pending. Coverage spans North America, Europe, and major Asian markets.
Financially, the company is well-positioned to fund growth initiatives, with cash and cash equivalents of $6.1 million at year-end 2025 and no long-term debt. Earlier this year, Ideal Power raised approximately $12.6 million through a public offering and private placement led by its largest institutional shareholders, including participation from company insiders.
Looking forward, Ideal Power is focused on expanding its sales funnel, converting opportunities into design-ins and development agreements, and securing production orders for its first B-TRAN-enabled products. The company aims to broaden its solutions into additional markets and applications, including EV contactors and battery disconnect units, while exploring strategic partnerships with global market leaders.
Story Continues“With a strong intellectual property foundation, growing customer pipeline, and disciplined execution, we are entering 2026 with a clear strategy to scale B-TRAN adoption and deliver long-term growth,” Somo said.
For the fourth quarter, the company reported a net loss of $1.9 million, compared with a loss of $2.6 million in the same period a year earlier. Operating expenses declined to $1.9 million from $2.8 million, primarily due to lower stock-based compensation and personnel costs.
For the full year 2025, Ideal Power reported a net loss of $10.6 million, compared with $10.4 million in 2024, while operating expenses edged down to $10.9 million from $11.1 million.
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