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Wednesday, November 25, 2015 3:45:26 PM
With that said, I also noticed some of the wording:
“In terms of technology, we are using technology from our medium-voltage drives, which is fairly standard technology, and scaling that up.”
“We would be using the same technology as we’re taking from oil and gas and marine and using it in a solar farm, so you would have solar farms with DC-AC, big inverters of 20-30MW.”
Thus, it does not seem to be new technology but rather existing technology. Therefore, I presume that Ideal Power has come a longer way in terms of innovative (and superior) technology. But I'm no expert, so I wouldn't be totally sure.
Then there was the talk about moving from silicon to silicon carbide. I find the last sentences to be very positive also with respect to Ideal Power's development:
“This will further increase the efficiency of the converters, reduce the losses by half, increase the power density by close to 50% and continue to drive the cost of the electricity down by 2, 3, 4% in both wind and solar,” explained Vlatkovic.
“So there’s a long runway for continued innovation to drive the cost down and the efficiency. It’s a very exciting time to be in this space, and we expect to continue to innovate,” he concluded.
This is exactly what Ideal Power is pursuing also, and they have already come a long way.
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