Ideal Power Inc.
Climate Impact & Sustainability Data (2020, 2022)
Reporting Period: 2020
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- COVID-19 pandemic impacting business, supply chain, liquidity, financial condition, and results of operations.
- Potential for delays in development and commercialization activities due to COVID-19.
- Potential for increased costs associated with mitigating the effects of the COVID-19 pandemic.
Mitigation Strategies
- Cost reduction activities including lower facilities costs, insurance, taxes, and travel (partially due to COVID-19).
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2022
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- dependence on the global supply chain and the impacts of supply chain disruptions
- ability to obtain adequate financing in the future
- impact of the COVID-19 pandemic on our business, financial conduction and results of operations
Supply Chain Management
Climate-Related Risks & Opportunities
Sustainable Products & Innovation
- SymCool™ Power Module