InvestorsHub Logo

vidarslien

12/13/15 4:02 PM

#268 RE: tykundegex #267

Actually, Dynapower provides inverters for the Powerpack, which is the C&I to grid-scale battery storage solution from Tesla.

With that said, it's a thing I've noticed that there seems to be a lot of buzz about the residential scale energy storage, although it is the C&I market that is alive and kicking, along with some grid-scale projects. Why? I think it may be due to a lot of competition currently going on within the residential market to gain market share. We see several players making announcements on product releases, although players within the C&I space (including Ideal Power) say that the residential market is not profitable yet. But new releases typically take 6-12 months to hit the marketplace, and maybe then a year or two to ramp(?). Thus, to be up and running by the time the residential market is becoming profitable, one probably needs to get going by now. But what about Ideal Power? Well, they do not necessarily need market share now, because they may be able to simply replace existing providers at a later stage if their products are indeed superior. Thus, they can afford to wait a few years, as compared with the system developers, who need to grab market share already today.