When walking into IG3N’s unit at Riversands Incubation Hub, it is immediately apparent that this company is going places: the team is feverishly putting together lithium iron phosphate batteries or preparing parcels for delivery while the directors maintain the steady upward trajectory of the business.
“We are expanding our business by increasing our product range, our production capacity and appointing additional distributors as well as developing integrations with inverter brands such as Sunsync and MLT,” said Sydney Phakathi, one of the three IG3N directors.
“Obviously when load shedding was introduced once again, businesses and consumers alike realised that solar power and storage has become imperative if one is to have a reliable source of energy. Our locally-developed iNode lithium iron phosphate battery represents the next generation of smart business and home lithium iron phosphate batteries, which come standard with built-in intelligence and stable discharge performance which enables uninterrupted power supply for extended periods.”
While IG3N is expanding its distribution footprint, it has also developed a ‘plug and play’ domestic energy solution with a built-in inverter and three USBs, plug points with four hours of run time. It’s also available with a port for a solar panel. “Our intention is to serve the lower end of the market and this smaller battery is priced accordingly,” explained Phakathi.
IG3N’s expansion plans include developing a local battery management system (BMS) which is progressing well. “In this case, our target market in Nigeria, which has a notoriously unstable energy grid. One of our focus areas is to increase our product exports into developing market and we’ve already had encouraging interest from East Africa, the Philippines and New Zealand.”
The company’s vision is to increase local content in the batteries it manufactures, building the local value chain and creating more employment. “We foresee this coming both from IG3N’s growth strategy as well as partnerships that we form with local installers and other players in the value chain. We’re particularly eager to collaborate with new market entrants in the electrical, renewable energy and engineering space where we plenty of potential. Since energy is a critical component in any economy, as IG3N grows, so too will the local economy,” concluded Phakathi.