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 electric vehicles, and combining grid storage with photovoltaic technology.
Rex Moore has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. 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.
More from The Motley Fool
Eaton Corp Has Bought Back 3.6 Million Shares So Far in 2017. Should Investors Be Happy?
Eaton is still spending heavily on stock buybacks even though its shares are up 20% in the past year, good or bad?
Eaton Corp. Has Bought Back Over Half a Billion Dollars of Stock So Far in 2016. Should Investors Be Happy?
Is this the best use of its cash today?
2 Stocks I'll Hold Forever
This Fool loves companies that can make money and pay dividends even when times are bad.