The company is the UK’s largest provider of off-grid renewable energy solutions, providing solar lighting, power and security solutions for some of the UK’s largest infrastructure, rail and construction projects.
Thanks to funding from specialist SME lender Shawbrook Bank, Prolectric is now in the best position to capitalize on the increased demand for sustainable alternatives to traditional diesel fuel.
“Shawbrook’s facilities will provide the company with an enhanced platform from which to achieve our planned growth and fund higher inventory levels,” said Gregg Poulter, Chief Financial Officer of Prolectric, Providing More Sustainable Lighting, Power and Security Solutions for Our Customers, and we firmly believe that there is enormous potential for growth in this area. Our product range, with its strong environmental characteristics, offers significant advantages over conventional generator kits, as it is silent in operation, does not require human presence and can be monitored and controlled remotely. Indeed, it is the ability to monitor and control remotely that gives Prolectric our competitive advantage. This technology, combined with the increasing demand for environmentally friendly solutions, will enable us to remain a leader in our field for many years to come. “
Prolectric’s products are market-leading technologies for providing solar lighting and power generation. The product range is supplemented by solar-powered mobile CCTV systems.
The company has built a solid customer base since its inception, including world-class companies like Skanska, Balfour Beatty and Costain Kier. The company has also worked closely with companies such as Network Rail, Highways England and major real estate developers Persimmon and Taylor Wimpey.
High profile projects include the Hinkley and Sellafield nuclear power plants. Earlier this year, the products were selected to enable the NHS Nightingale Hospitals to be built and operated in London and across the UK and to prepare for the effects of Covid-19. However, it is the company’s “green” credentials – becoming only the second company in the contract sector to receive Gold CSR accreditation – that it believes will allow it to capitalize on a shift in market needs.
“The company has a significant target market,” added Poulter. “It is estimated that there are around 18,000 tower lights in use in the rental market across the UK. With the aim of promoting CSR and sustainability, the company estimates that around 50 percent of the diesel generators currently in use could be converted to solar energy. This presents a tremendous opportunity for Prolectric. “
“Prolectric is an established company that has evolved in the infancy of renewable technologies and has expanded its product line through innovation and market awareness,” said Oliver Jenkins, Relationship Director for Southwest and Wales at Shawbrook, who owns a $ 2 ABL facility . £ 75 million including a bill discounting feature and a cash flow loan.
“The niche products have established themselves as real alternatives to conventional technology and offer the end user significant advantages in terms of costs, labor and maintenance. Although the market is competitive with diesel production, it sees considerable demand due to its “green” references and the move towards CSR-related activities. If we know the industry as we do, it is clear that the company has a bright future ahead of it and we look forward to supporting it as it takes it to the next level in its green and sustainable technology. “
For more information:
Prolectric Services Ltd.