Ideal Power Inc. is a semiconductor and power conversion technology company based in Austin, Texas, USA. Founded in 2007, the company focuses on the development and commercialization of its proprietary bi-directional semiconductor switch technology. Its core innovation is the B-TRAN™ (Bi-Directional Bipolar Junction Transistor), a unique power switch that offers significant improvements in performance, efficiency, and cost compared to traditional IGBTs and MOSFETs. Ideal Power's product line includes discrete B-TRAN devices, intelligent power modules, and reference designs for various applications. The company targets high-growth markets such as solid-state circuit breakers, renewable energy inverters, electric vehicle (EV) charging, and industrial motor drives. Ideal Power operates a fabless business model, partnering with foundries for manufacturing while maintaining in-house design and testing capabilities. The company holds multiple patents covering its B-TRAN technology. While not a top-tier semiconductor giant, Ideal Power is recognized as an emerging innovator in the power semiconductor space, with potential to disrupt conventional power switching architectures. The company is publicly traded on Nasdaq under the ticker IPWR.