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The Company

IPS was established in 1989 and specializes in R&D and manufacturing of power conversion technologies and turn-key energy storage solutions.

Over the past four decades, IPS has delivered world leading products and turn-key power solutions to 59 countries around the globe.

Non-Stop R&D

We at IPS believe that only through contineous research and development of sustainable innovations and the invention of new products and complete solutions, we can maintain our competitive advantage.


Environment Friendly

In 2019 IPS launched a new large manufacturing facility. The factory, with a total floor area of 16.800 m2, was the first 100% self-sufficient, zero emission production facility of its kind in Europe, practically operation off the grid. A combination of 240 kWp solar and 72 kW wind power + battery storage for a 3-day back-up made it possible to have a completely autonomous and uninterrupted electricity production that meets the facility’s consumption. EXERON is managing the power and BESS.

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Board of Directors.

Stoil Trifonov


Alexander Rangelov

Chief Executive Officer

Filip Rangelov

Chief Technology Officer

Ivo Evgeniev

Board Member

Spas Shopov

Board Member


The company "2C - Trifonov & Co" has been founded. 

Main activity was R&D and manufacturing of UPS systems.

Main customers: Banks


The company has begun to develop rectifier and inverter systems.

Main customers: Telecom industry


2C extended its portfolio with industrial power systems.

Main customers: Railway, Utilities


The basics in the off-grid technology have been set.

First military power systems inventions.


"2C - Trifonov & Co" became a leader and main supplier of the Bulgaria’s largest private and state owned companies in the sectors of Telecommunications, Utilities, Railway, Oil&Gas, Military, Governmental agencies.


IPS focused on the R&D of new products, especially hybrid off-grid technology with energy storage.

A year later the first off-grid power system has been delivered to a secret area in Antarctica.

EXERON was born.


IPS has been established as a subsidiary of 2C - Trifonov & Co and became the new vision for the sales operation.

Alexander Rangelov joined IPS as MD.

A year later IPS started first export. For 2 years the products reached 12 countries.


The first EXERON prototype has been presented in Germany.

IPS increased the Business Develepment efforts.

The products export reached 21 countries.


In 2014 EXERON won the world innovation ees AWARD for best off-grid technology among 1300 competitors, in Munich, Germany.

Export has reached 43 countries.


Investors from the US (PostScriptum Ventures) and EU (BlackPeak Capital) joined the company in order to support the product and business development.

IPS valuation was $12m.


IPS has continued to develop the EXERON's unique features.

The multi-billion holding and one of the largest EPC energy contractor in the world Mytilineos joined IPS as a strategic investor.

IPS valuation has reached $125m.


IPS has started the construction of a large factory with an annual production capacity of €120m.

The IPS factory K1 will be the first 100% self-sufficient, zero emission manufacturing facility of its kind in Europe.


IPS products export reached 58 countries.

Preparing for the next level...

IPS Shareholders

  • PTIG

    Power Technology Investment Group (PTIG) makes investments in future oriented cutting edge power technologies and companies with global market potential.

    PTIG provides professional assistance and strategic advice to companies working on breakthrough technologies. Across its portfolio, visionary entrepreneurs are at the helm of current and future industry leaders, fueling the development of technologies that keep the companies at the forefront of innovation.


  • SIL Energy

    SIL Energy invests in future oriented energy technology companies with strong R&D traditions and global market potential.

  • Capital Investments Fund

    Capital Investments Fund is the investment arm of the state-owned Bulgarian Development Bank (BDB), which provides growth equity for high-tech companies with global market potential, that can bring high added value to the national economy. BDB is a financial institution established in 1999 with focus to support the economical development. It is among the top four Bulgarian banks in terms of credit rating.

Global reach

IPS' systems are operating in 59 countries


  • Congo - Brazzaville
  • Côte d’Ivoire
  • Egypt
  • Gabon
  • Gambia
  • Ghana
  • Kenya
  • Mauritania
  • Mozambique
  • Nigeria
  • Rwanda
  • Senegal
  • South Africa
  • Tanzania
  • Uganda
  • Zambia
  • Zimbabwe

South America

  • Brazil
  • Chile
  • Paraguay


  • Afghanistan
  • Azerbaijan
  • Bangladesh
  • India
  • Indonesia
  • Israel
  • Jordan
  • Nepal
  • Pakistan
  • Philippines
  • Saudi Arabia
  • Singapore
  • Thailand
  • Turkey
  • United Arab Emirates
  • Yemen


  • Austria
  • Bosnia and Herzegovina
  • Bulgaria
  • Cyprus
  • France
  • Germany
  • Greece
  • Ireland
  • Kosovo
  • Malta
  • Netherlands
  • Portugal
  • Romania
  • Serbia
  • Spain
  • Switzerland
  • Ukraine
  • United Kingdom


  • Antarctica
  • Australia

North America

  • Mexico
  • United States