PR Powersaving Solutions Secures Asset-Based Lending for 700-Unit Battery Storage Fleet Expansion
PR Powersaving Solutions (PSS) has secured its first asset-based lending facility from Arbuthnot Commercial Asset Based Lending to support the growth of its battery storage fleet. The financing will enable PSS to invest in additional fleet assets and enhance product development. The arrangement was facilitated by FRP Corporate Finance, which had previously advised on PSS's investment from LDC. PSS aims to provide lower-emission power solutions, aligning with the increasing demand for cleaner energy across various sectors.
Theia Market Signal Identification - AI Assisted
PR Powersaving Solutions (PSS) has obtained an asset-based lending facility from Arbuthnot Commercial Asset Based Lending, marking its first such arrangement. The funding is designated for expanding its battery storage fleet by 700 units and supporting product development.
FRP Corporate Finance assisted PSS in securing this facility, having previously advised on a private equity investment from LDC. The financing structure allows PSS to invest in fleet assets while maintaining operational flexibility, addressing the rising demand for sustainable power solutions.
Comments