Ideal Power Converters won a "National Innovation Award" at the recent TechConnect National Innovation Conference near Washington, D.C. This private company's 3-Port Hybrid Converter reduces costs and improves the efficiency of systems that integrate photovoltaic, grid-storage, and electric-vehicle charging.
IPC believes its technology can disrupt traditional products offered by ABB (NYSE:ABB) and Eaton (NYSE:ETN). Our roving reporter Rex Moore caught up with IPC CEO Paul Bundschuh at the conference, and chatted about where the real opportunities are within the electric-vehicle markets. While electric-car maker Tesla (NASDAQ:TSLA) has richly rewarded shareholders over the past few months, Paul says investors should be looking on the commercial side of the market.
Rex Moore owns shares of Tesla Motors. The Motley Fool recommends Tesla Motors. The Motley Fool owns shares of Tesla Motors. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.