Geon Enters Home Power Backup Market with High-Efficiency Inverter Battery Range

Geon, the battery division of Kabra Extrusiontechnik Ltd., has launched a range of high-efficiency lithium-ion inverter batteries for the residential power backup segment. This marks Geon's entry into the home inverter battery market, leveraging its R&D capabilities, lithium expertise, and pan-India presence. The batteries are designed to offer larger, greener, and more efficient energy storage for households and small businesses.

Geon, the battery division of Kabra Extrusiontechnik Ltd., has announced the launch of its new range of high-efficiency lithium-ion inverter batteries, marking its entry into the home inverter battery market. This strategic move is backed by Geon's robust research and development (R&D) capabilities, extensive lithium expertise, and pan-India presence [2].

The new battery range is designed to meet the growing demand for home power backup, offering larger, greener, and more efficient energy storage solutions. Anand Kabra, Vice Chairman and Managing Director of Kabra Extrusiontechnik Ltd., stated that "Our entry into the B2C space is a carefully planned move to accelerate Geon’s growth and strengthen our position in the fast-evolving battery industry. With strong R&D capabilities and a robust supply chain, this transition was a natural progression for us" [2].

Geon's lithium-ion inverter batteries are lightweight, fast-charging, and long-lasting, requiring minimal maintenance. They are designed to reduce the overall cost of energy for end users, making them a practical and affordable option for consumers. The batteries are also expected to play a pivotal role in enhancing energy access, particularly in areas frequently affected by power cuts [2].

The announcement comes amidst a global shift towards electric vehicles (EVs) and renewable energy sources, which are driving demand for advanced battery technologies. According to BloombergNEF, China has reclaimed the No. 1 spot on the annual Global Lithium-Ion Battery Supply Chain Ranking, highlighting the country's strong position in the battery market [3]. This development underscores the importance of Geon's entry into the residential power backup segment, as it positions the company to capitalize on the growing demand for efficient and sustainable energy storage solutions.

References:
[1] https://www.eco-worthy.com/products/eco-worthy-5-12kwh-30-72kwh-home-backup-power-48v-100ah-lifepo4-5000w-10000w-48v-hybrid-inverter?srsltid=AfmBOoqQ43xyoWFycJ9-v0Vho6P9o0M2d2og7BGBLRNVN3CJzo0y_4a1
[2] https://www.thehindu.com/business/geon-forays-into-home-power-back-up-segment-with-inverter-battery-range/article69792933.ece
[3] https://electrek.co/guides/lithium-ion-battery/