SBIR-STTR-Success: Princeton Power Systems
From working with Tesla, BMW and Nissan on the latest in electric vehicle charging, to assisting governments around the globe in bringing affordable electricity through microgrids and battery systems, Princeton Power is only just beginning to make a name for themselves.
The company’s first taste of success came when Northrup Grumman purchased a compact power conversion technology developed with the help of the DOD SBIR program that was originally intended for NAVSEA and future all-electric warships. The company continued to use this same core technology throughout its future product lines.
Recent projects have focused on access to electricity in remote areas and island nations. Take for instance the Caribbean, which has been particularly vulnerable to tropical storms and hurricanes. Princeton Power Systems can get a full grid up and running in a matter of weeks. In areas where there is an electric grid but it is either unreliable or prohibitively expensive, Princeton can install a microgrid for use as a backup to the existing grid.
There is also the emerging market of electric vehicle charging, which Princeton Power got in on long before it was trending. While charging stations several years ago were slow and somewhat sparse, today’s system are less complex, and can be installed on a much broader scale. Newer technology allows cars to discharge into the grid, and the lithium ion batteries are bigger and more powerful than ever, enabling a full charge in just minutes. Princeton has worked with Tesla, BMW and Nissan on its charging capabilities, as well as the Department of Defense on installing stations at the Los Angeles Air Force Base. Princeton continues to work with various businesses and commercial partners to implement its EV charging technology.