Arbuthnot Commercial ABL backs UK battery storage leader

Arbuthnot Commercial Asset Based Lending (ACABL) has provided a new asset-based lending facility to PR Powersaving Solutions Ltd (PSS), supporting the company’s continued growth as a UK provider of high-performance battery storage technology.

Headquartered in Meden Vale, Nottinghamshire, PSS develops and markets its battery storage units under the ‘Hussh Pods’ brand. The lithium-ion units are available for purchase through major rental companies and directly by customers, while also being offered through direct-hire and cross-hire models.

The company has built a fleet of more than 700 battery storage units, supplying sectors including healthcare, data centres, EV charging, construction, television and film production, telecommunications, and utilities.

All Hussh Pods are manufactured at PSS’s Meden Vale headquarters, with the company placing sustainability at the centre of its operations. The battery units support renewable energy integration and offer customers opportunities to reduce carbon emissions while aligning with government targets for carbon-free power generation.

The new funding package marks the first asset-based lending facility secured by PSS. The structure provides the business with significant additional headroom to expand its fleet of units and accelerate the development of new products.

“With support from our advisers, FRP CF, we shortlisted five providers and met with three,” Parsons said. “Arbuthnot stood out for several reasons: from the outset we met senior team members who took the time to understand our needs, listened closely to our requirements, and offered a well thought out solution that gives us the flexibility we need.

“It was clear the team approaches relationships as genuine partners, and we’re excited about what we can achieve with Arbuthnot by our side.”

“PSS is a true British success story, with a first-class track record and amazing potential for the future,” he said. “For their first asset-based lending facility, we’ve taken the same considered approach we bring to all our structures, tailoring it precisely to the needs of the business and supporting its ambitions. We are delighted to have PSS on board.”