Ideal Power Converters

2013

February - Ideal Power Converters achieves a key certification for its 30kW Battery Converter. The IBC-30kW-480 is certified for UL1741 conformance.

2012

	December - IPC completes a $4 million financing. MDB Capital Group LLC acts as sole placement agent for the offering.
	October - IPC announces that the U.S. Department of Energy's National Renewable Energy Laboratory (NREL) has successfully demonstrated vehicle to grid (V2G) capabilities using IPC's bi-directional Battery Converter.
	May - IPC announces that its lightweight 30kW PV inverter, IPV-30kW-480, conforms to UL1741 and is included on the California Energy Commission (CEC) list of approved PV inverter products.

2011

	September - The US Department of Energy's Advanced Research Project Agency-Energy awards $2.5M to Ideal Power Converters.
	July - IPC announces first commercial product, a 30kW PV inverter for the US commercial rooftop market at InterSolar North America,
	June - IPC wins "Top Utility Technology" award at Clean Tech 2011
	March - IPC announces successful PV inverter prototype and pilot test at the ARPA-E Energy Innovation Summit.

2010

	IPC receives funding from Battery Ventures.
	IPC receives funding from State of Texas Emerging Technology Fund.
	IPC licenses its technology to Lockheed Martin. Lockheed Martin Intelligent Microgrid Solutions wins initial contracts from US Army Hybrid Intelligent Power program . IPC receives development contracts from Lockheed Martin for key power converter components.
	IPC receives industry awards: "Most Promising Energy and Clean Technology Company" - Rice Alliance - Sept 2010
	"Best Utility Technology " - Clean Tech - June 2010
	IPC installs initial Variable Frequency Drive (VFD) pilot system. Successfully proves new topology for VFD for AC induction motor applications.

2009

	IPC receives its first US patent. It has received a second patent in 2010, and has several additional US and international patents pending.
	IPC receives a New Business Sponsorship Grant from Austin Energy. IPC continues to work closely with Austin Energy on pilot testing of new products.

2008

Ideal Power Converters signs on as a member of the ATI - Clean Energy Incubator.

2007

	IPC begins work with the Electric Machines and Power Electronics Lab at Texas A&M University on simulations and control methodologies for its unique power converter topology. In cooperation with Texas A&M, IPC publishes 5 IEEE peer reviewed conference papers won its unique electronic power converter topology.
	Ideal Power Converters is established as a Texas Corporation.