UKEF provides £300,000 to battery manufacturer AceOn

June 6, 2023

UK Export Finance (UKEF) has announced £300,000 of support for Telford-based battery manufacturer AceOn, allowing it to secure new export contracts to supply batteries to Portuguese firm Meterboost, a manufacturer of solar energy and energy storage technology.

This deal sees UKEF use its partnership with non-bank lender Newable to support the export ambitions of small and medium-sized enterprises through its General Export Facility scheme. 

The financing announcement comes as AceOn confirms its latest collaboration with Meterboost, which will see AceOn supply batteries for the Portuguese firm’s off-grid battery energy storage systems for residential and commercial use.