Ideal Power advances AI Data center and EV programs in Q2 2026

Ideal Power CEO David Somo joined Steve Darling from Proactive to discuss the company’s results for the second quarter ended June 30, 2026, highlighting continued progress in commercializing its B-TRAN® solid-state power technology across AI data centers, energy infrastructure, and electric vehicle applications. Somo said Ideal Power advanced its low-current solid-state circuit breaker (SSCB) project with a lead customer in Asia and continued a co-development program with an industry partner on a B-TRAN®-enabled SSCB prototype intended for evaluation by a U.S. hyperscaler supporting NVIDIA’s next-generation Rubin Ultra 800V DC AI data center power distribution architecture. The company also reported several commercial milestones, including a second shipment of next-generation B-TRAN® evaluation samples to Stellantis for EV applications, a new 800-volt SSCB reference design kit to accelerate customer adoption, and a long-term supply agreement with a high-volume Asian wafer foundry, which has already produced functional B-TRAN® first silicon. Ideal Power said demand for 800-volt DC architectures is increasing, with interest from industrial customers and major electromechanical breaker manufacturers seeking SSCB solutions. One distribution partner has already placed its first stocking order for the new reference design kits. Financially, Ideal Power ended the quarter with $41.3 million in cash and cash equivalents, following $27.7 million in net proceeds raised through a registered direct offering. The company reported a net loss of $3.4 million for the quarter and no long-term debt outstanding. Somo said the company remains focused on converting customer evaluations into production orders, particularly with its lead Asian SSCB customer, while advancing opportunities with Stellantis and other global automakers for EV contactors and battery disconnect systems. Ideal Power also announced that Dr. Sanjai Parthasarathi, Chief Marketing Officer of Coherent Corp., has joined its newly formed advisory board, bringing experience in AI infrastructure and data center markets as the company seeks to accelerate commercialization of its B-TRAN® platform. #proactiveinvestors #idealpowerinc #nasdaq #ipwr #EVTechnology #Davidsomo #AIInfrastructure #DataCenters #Semiconductors #ElectricVehicles #SolidStateCircuitBreaker #PowerElectronics #NVIDIA #TechnologyStocks