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Ideal Power Inc (NASDAQ:IPWR) has an innovative architecture that enables circuitry to be designed that is more efficient than conventional circuits.
Building naval vessels with electric propulsion is a new challenge for shipyards, so “single-system vendors” will be needed to provide the electric propulsion package as a subcontractor to the shipyard.
What the US Navy is doing now to electrify, why it’s vital to the Great Power competition, and advances in batteries and energy storage.