Sharp Enters Energy Storage Business, Purchases Battery Converter from Ideal Power
Sharp Electronics launched its SmartStorage energy system, which is immediately available throughout California and will be expanded to other states in the second half of 2014. SmartStorage operates effectively either as a stand-alone storage system or deployed together with a solar photovoltaic installation.
Sharp’s SmartStorage systems use onsite battery energy storage that can reduce monthly utility demand charges for commercial and industrial building owners. Both California and New York are already positioned as attractive early markets for the SmartStorage solution, with other states expected to follow.
SmartStorage keeps a large amount of electric energy stored in reserve, which it selectively releases in order to limit a facility’s electricity demand. The system employs predictive controls to manage the release of this energy.
Ideal Power’s 30 kW battery converter provides both battery charger and inverter functions at high efficiency in a compact, modular system. It is based on the company’s patented Power Packet Switching Architecture (PPSA) that provides electrical isolation. Ideal Power has won multiple grants for its PPSA technology, including a $2.5 million grant from the Department of Energy’s Advanced Research Projects Agency – Energy (ARPA-E) program.
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