AceOn charging ahead thanks to £10,000 equipment grant

A pioneering UK battery and renewable energy specialist is charging ahead after being awarded a £10,000 grant to help it buy new equipment.

The AceOn Group – a UK leader in designing and assembling custom built battery packs and the distribution of industrial and consumer batteries – says it aims to employ two new members of staff and increase turnover by 10 per cent, after using the grant to help it buy specialised battery assembling machinery.

The Telford-based company secured the funding through the Small Equipment Grant scheme, which is supported by the Marches LEP (Local Enterprise Partnership) and its business support arm, the Marches Growth Hub, and receives European Regional Development Fund assistance.

AceOn managing director Mark Thompson said the specialised new welder would play a huge part in allowing the company to continue to grow after a record year in 2022: “This is a brilliant new piece of equipment which will help to increase our capacity output for specialised Li-ion battery packs and build on the tremendous success we have enjoyed over the past year.

“As a result of being able to purchase this new welder we should be able to double the capacity of our battery pack production and increase turnover by as much as 10 per cent.

“That will allow us to win more contracts for high current battery packs within both the UK and Europe.

“Last year was our best ever, with a massive 60 per cent increase in turnover and a seven-figure increase in the value of our exports. This new welder will help us grow still further and ensure that 2023 truly is the year of the battery.”