Ideal Power reports strong Q1 progress across AI Data centers and EV initiatives

Ideal Power CEO David Somo joined Steve Darling from Proactive to discuss the company’s results for the first quarter ended March 31, 2026, highlighting progress across AI data center infrastructure, energy storage, and electric vehicle initiatives. Ideal Power reported a strong start to the year, including the launch of two additional projects with its lead Asian customer and the signing of a letter of intent with an industry partner to co-develop a B-TRAN®-enabled prototype for evaluation by a U.S. hyperscaler supporting the new NVIDIA Rubin Ultra 800V DC AI data center power architecture. The company also advanced deliverables for Stellantis on schedule while continuing to engage with several multinational customers on new commercial opportunities. One of the company’s key projects involves the development of low-current solid-state circuit breaker (SSCB) prototype units intended for 800V AI data center and energy grid applications. These prototype units are expected to become available for customers during the fourth quarter of 2026. In addition, Ideal Power initiated two new projects with its lead Asian customer. The first focuses on a medium-current SSCB designed for 800V AI data centers and energy storage systems, while the second targets low-current SSCBs for use in smart industrial buildings. Somo said the company’s strategic priorities remain centered on expanding its sales funnel, converting opportunities into design wins and custom development agreements, and accelerating initial revenue growth. Management is also focused on securing production orders from its lead Asian customer for its first solid-state circuit breaker products while continuing to broaden the range of applications addressed by its B-TRAN® technology platform. In the automotive segment, Ideal Power plans to complete the remaining deliverables under the Stellantis purchase order and continue advancing opportunities tied to EV contactors and battery disconnect units with global automakers. The company believes growing demand for high-efficiency power management solutions across AI infrastructure, industrial systems, and electric vehicles positions it well for future commercialization opportunities. #proactiveinvestors #idealpowerinc #nasdaq #ipwr #EVTechnology #Davidsomo #Stellantis #SemiconductorInnovation #AIDataCenters #Semiconductors #EnergyStorage #ElectricVehicles #PowerTechnology #NVIDIA #SolidState #TechInnovation