Ideal Power, Inc. is aiming to revolutionize the renewable energy sector. Specializing in power conversion solutions, Ideal Power is known for its Power Packet Switching Architecture (PPSA) and Bi-Directional Power Switch (NYSE:SWCH) (B-TRAN) technologies. These advancements are designed to enhance the efficiency, reliability, and cost-effectiveness of renewable energy systems, making significant strides in energy storage, electric vehicles, and other sustainable applications.

Leading the company is CEO Dan Brdar, a seasoned executive with extensive experience in the power systems and energy industries. Under Brdar's leadership, Ideal Power has made progress in advancing its technologies and expanding its market presence. Brdar previously served as President and CEO of FuelCell Energy.

What Is Net Zero Tech?

Brdar told Investing.com that as more renewable energy sources are added to the U.S. power grid, additional technologies will be key to maintaining a steady flow of energy across the country while ensuring stability and energy security for the power grid.

“While the long-term benefits of renewable energy for the planet are widely known, the vulnerability of renewable sources to weather conditions is also very well known. Thus, while building the infrastructure necessary for zero-carbon electricity across the U.S., significant headway is also being made on storing the excess energy generated during optimal conditions,” he adds.

Brdar believes technologies like Ideal Power’s B-TRAN bidirectional switch, which has applications in a wide range of renewable energy and energy storage solutions, will be key to building out all areas of the infrastructure required for a power grid driven by renewables.

This is because renewable-energy installations utilizing the product are said to generate more usable kilowatt hours of energy than those using conventional switching solutions.

Furthermore, Brdar highlights the need for renewables forecasting, giving the example of IBM (NYSE:IBM)'s Renewables Forecasting Platform, which provides solar and wind forecasts for the day ahead.

IBM's Environmental Intelligence Suite provides additional data and information needed to optimize renewable energy generation and storage. Energy-storage systems must be optimized to provide a consistent supply of energy, and as grid-scale battery technology improves, utility companies will better be able to store electricity for longer periods to help them manage load during times when renewables production is less than optimal.

Growth in Solar Stocks and Beyond

Solar stocks made significant gains during the pandemic, and Brdar noted that many investors were able to capitalize. However, he says there are still opportunities to capitalize on.