Ideal Power, Inc. has been selected by Gexpro to supply equipment to Gexpro's new Battery Energy Storage Solution (BESS). This agreement expands Ideal Power's reach into the market to Gexpro's broad customer base in the electrical contractor and installer space.
Gexpro, a subsidiary of Rexel Holdings USA Corp., has global reach with 2,300 branches in 38 countries. This agreement expands on the global distribution agreement between the two companies. It also expands on the recent multi-year alliance agreement with LG Chem in which the two companies launched a joint effort to test and market Ideal Power's power conversion systems with LG Chem's lithium-ion batteries to ensure superior efficiency and optimal performance from their products when used together.
The first system offering from Gexpro will be a 30kW, 45kWh complete turnkey BESS. Rising energy demand charges in the U.S. have created a growing market for energy storage within the commercial & industrial (C&I) space. This offering from will satisfy the need for C&I customers to manage their energy consumption and reduce operating expenditures related to electricity usage.