Wednesday 31 May 2023

British battery company bags £300k to take its product to Europe

A battery producer from Telford has received £300,000 in funding to take its technology to the European market.

UK Export Finance (UKEF) has provided the money to AceOn, which will provide its batteries to a Portuguese company for renewable solar power.

Export contracts have been finalised for the British firm to send its product to green business Meterboost, which is based in Lisbon.

UKEF has stated since 2019 it has provided £7 billion to businesses within the UK’s renewable energy sector.

Mark Thompson, Managing Director of AceOn, said: “UKEF’s backing has been key to driving our exports – together, they have brought us from our first contracts with Meterboost to our latest collaboration with them, which I am proud to announce at the Lisbon Energy Summit.”

“AceOn is a great example of a small company with extraordinary ideas, and I am proud to help them seize opportunities for driving the global energy transition,” added UKEF CEO Tim Reid.