Ideal Power, Inc. develops and manufactures disruptive electronic power converter solutions. It offers electronic power converters for renewable energy generation, electrical energy efficiency, smart power grids, and electric vehicles. The company also provides photovoltaic inverters and battery converters for grid storage and electrified vehicle fast-charging infrastructure, such as peak demand reduction in commercial and industrial markets, utility load shifting, buffering EV fast chargers, and bi-directional EV DC chargers. In addition, it offers hybrid power conversion systems and power switches. The company's solutions are based on its Universal Power Converter Platform technology. It sells its products through direct purchasing. Ideal Power, Inc. was formerly known as Ideal Power Converters Inc. and changed its name to Ideal Power, Inc. in July 2013. The company was founded in 2007 and is based in Spicewood, Texas.