Photo credit: IPS
We’re proud to share that IPS (International Power Supply), part of the D2XCEL cohort, has been officially selected as a Strategic Project under the European Union’s Net-Zero Industry Act (NZIA).
This milestone recognizes EXERON X-BESS, IPS’s flagship energy storage platform, as a key technology in Europe’s path toward climate neutrality, energy resilience, and industrial sovereignty.
The NZIA is a cornerstone of the EU’s green industrial strategy, designed to accelerate the scale-up of essential clean technologies. Strategic Projects under the Act receive fast-tracked permitting, priority access to public funding, and enhanced political visibility across the bloc.
IPS’s selection reflects a rare distinction: only a small group of projects across Europe have earned this status, with IPS proudly representing Bulgaria, alongside a handful of companies from Germany and Sweden.
“This recognition confirms the European Commission’s confidence in IPS’s technological leadership, sovereign supply chain, and long-term strategic relevance,” said Alexander Rangelov, CEO of IPS. “It also formally positions EXERON as a building block of the EU’s pathway to a net-zero, energy-resilient, and cyber-secure future.”
IPS is the first company in Europe to establish fully integrated, from-cell-to-system manufacturing of utility-scale Battery Energy Storage Systems (BESS) — a game-changer in strengthening the continent’s clean tech capabilities.
Under the NZIA, IPS’s work directly contributes to two of the Act’s critical technology areas:
Grid technologies
Battery manufacturing
This designation elevates IPS from a national champion to a strategic European player, aligning with D2XCEL’s mission to back ventures building transformative, industrial-grade technologies for a resilient future.
IPS will now work closely with the European Commission and national authorities to scale the deployment of EXERON X-BESS and integrate it across relevant EU programs and instruments.
This recognition marks more than a milestone — it signals a new chapter for IPS as a driving force in Europe’s clean energy transition and industrial resilience.
This project has received funding from the European Union under grant agreement Nº101121100. Views and opinions expressed are however those of the author(s) only and do not necessarily reflect those of the European Union or the European Innovation Council and SMEs Executive Agency (EISMEA). Neither the European Union nor the granting authority can be held responsible for them.