/MUNICH, GERMANY, June 23, 2026, 11:00 CEST, RENEWABLE MARKET WATCH™/
The smarter E Award is a prestigious industry accolade that highlights breakthrough technologies and commercial solutions accelerating the global transition to reliable, renewable, and climate-neutral energy systems. Recipients are selected by an independent international jury based on their proven market impact and ability to address critical challenges in the energy sector. IPS, which first secured this award in 2014, has since maintained its leadership position by consistently delivering advanced energy storage innovations that set benchmarks for performance and reliability in a rapidly evolving market. EXERON CheckMate was recognised for its disruptive approach to utility-scale and commercial energy storage, featuring a highly modular system architecture, state-of-the-art engineering, and industry-leading system uptime. This innovation enables scalable deployment across diverse market segments and delivers measurable operational advantages for grid operators, renewable asset owners, and commercial clients.
The platform boasts a market-leading power density of 3.3 MW per cubic meter. Its modular redundancy ensures uninterrupted operation—even in the event of individual unit failure—while advanced grid-forming capabilities provide ultra-fast synthetic inertia (sub-2 microsecond response time). These features are critical for maintaining grid stability in markets with high renewable penetration and declining conventional synchronous generation, positioning EXERON CheckMate as a key enabler of next-generation grid support services.
Production takes place at the IPS X1 gigafactory, a strategic facility developed under the EU’s Net-Zero Industry Act (NZIA). This investment underscores IPS’s commitment to supply chain sovereignty and resilience within Europe’s energy storage sector. The flagship X-BESS AC block is an all-in-one solution engineered to deliver grid stability, support large-scale renewable integration, enable advanced microgrid functionality, and meet the stringent demands of mission-critical infrastructure—expanding the business case for utility and commercial energy storage across multiple applications.
“Winning The smarter E AWARD is a tremendous recognition of the innovation, engineering excellence, and dedication of the entire IPS team,” said Alexander Rangelov, CEO of IPS. “EXERON CheckMate was designed to address the industry’s growing need for resilient, scalable, and grid-supportive energy storage systems. The jury’s recognition of the power electronics, lifecycle credentials, and grid-forming architecture reflects precisely the values we believe will define the next generation of energy storage.”
EXERON CheckMate and the X-BESS AC block distinguish themselves from conventional battery storage solutions through a robust distributed architecture engineered for redundancy and fault tolerance. This design minimises operational risks by eliminating single points of failure and ensures maximum system uptime—an essential requirement for mission-critical and utility-scale applications. The modular system architecture enables seamless scalability, allowing asset owners to flexibly expand capacity in line with evolving energy demands while supporting advanced grid services, renewable integration, and sustained long-term reliability across diverse market environments.
This industry recognition further consolidates IPS’s position as a market leader in Europe’s battery energy storage sector. Building on recent accolades such as Battery OEM of the Year at the Energy Storage Awards, IPS continues to expand its international footprint and influence, underscoring its pivotal role in shaping the future of advanced energy storage solutions and driving global energy transition initiatives.
International Power Supply AD (IPS) is a renowned Bulgarian energy technology company, distinguished by its extensive experience spanning many years in research and development, engineering, and the manufacturing of comprehensive solutions. IPS’s expertise covers industrial power supply systems, microgrid technologies, and advanced energy storage systems, all designed to meet the evolving needs of modern infrastructure and support the transition towards more sustainable energy practices.
For more information and answers to your questions about the Bulgarian battery energy storage system (BESS) market and related content, you may read here: Bulgaria Solar Photovoltaic (PV) and Battery Energy Storage System Market Outlooks 2025 – 2034
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Image credit: International Power Supply (IPS)
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