Ideal Power Inc

Ideal Power Inc is seeing growing momentum around its B-TRAN semiconductor technology as demand rises for solid-state circuit protection across AI data centers, energy infrastructure, and automotive applications. With its sales funnel now exceeding $400 million, the company is advancing prototypes while positioning itself for the shift toward high-voltage DC infrastructure. CEO David Somo highlighted progress with its lead Asian customer for a low-current solid-state circuit breaker, with first prototypes shipping in the next couple of weeks for internal testing and evaluation. The company also continues to work with Stellantis, which received a second shipment of B-TRAN samples, and is co-developing an intelligent solid-state circuit breaker prototype for a planned evaluation by a US hyperscaler. Ideal Power strengthened its balance sheet with $27.7 million in net proceeds from an offering during the quarter and ended June with $41.3 million in cash.

Ideal Power Inc. reported that its sales funnel expanded to over $400 million, a $100 million increase since mid-May, driven by the transition to 800-volt DC power architectures in AI data centers. The company is prioritizing industrial JEDEC qualification over automotive AECQ to align with immediate revenue opportunities in data centers and energy infrastructure, and introduced a new solid-state circuit breaker reference design kit. Prototype B-TRAN-enabled solid-state circuit breakers are expected to be available for 800-volt AI data center customers in the fourth quarter of 2026, with initial low-volume orders anticipated in the same period. Full year 2026 cash burn is projected at $10.3 million to $10.5 million, and the company raised $27.7 million in net proceeds through a registered direct offering in May, resulting in a cash balance of $41.3 million and no debt as of June 30, 2026. Management expects the rollout of 800-volt AI data center power architectures to begin in the second half of 2027, with aggressive adoption continuing into 2028.