Ideal Power (Nasdaq: IPWR) signed an agreement that will allow KACO to sell its products under the KACO label, as well as allow KACO to use Ideal Power’s system to develop energy storage system solutions.
KACO manufactures solar inverters with more than 8 GW of installed systems. The contract gives KACO access to Ideal Power’s market-ready, bi-directional power conversion systems for the battery energy storage and micro-grid markets. KACO plans to sell the systems in North and Central America, targeting both standalone energy storage and solar projects with storage. KACO can also design and launch their own products using Ideal Power’s technology.