ZincFive Closes an $80 Million Capital Partnership with Orion Infrastructure Capital

ZincFive®, the world leader in nickel-zinc (NiZn) battery-based solutions for immediate power applications, has announced a strategic partnership with Orion Infrastructure Capital (OIC)

June 27, 2023

PORTLAND, Ore.–(BUSINESS WIRE)–ZincFive®, the world leader in nick­el-zinc (NiZn) bat­tery-based solu­tions for imme­di­ate pow­er appli­ca­tions, has announced a strate­gic part­ner­ship with Ori­on Infra­struc­ture Cap­i­tal (OIC). The cap­i­tal invest­ment will pro­vide Zinc­Five up to $80 mil­lion via a term loan to fuel the company’s glob­al com­mer­cial adop­tion in exist­ing and new mar­kets, includ­ing mis­sion-crit­i­cal appli­ca­tions in data cen­ters, indus­tri­al engine start­ing, and oth­er high-pow­er ener­gy stor­age markets.

The col­lab­o­ra­tion with OIC will accel­er­ate glob­al chan­nel devel­op­ment, advance the company’s new prod­uct pipeline, and expe­dite the estab­lish­ment of US-based high-vol­ume pro­duc­tion capac­i­ty to meet cus­tomer demand. Improv­ing the already indus­try-lead­ing life-cycle cli­mate impact of ZincFive’s NiZn bat­ter­ies, the invest­ment will enable the com­pa­ny to expand recy­cling infra­struc­ture result­ing in bat­tery grade mate­ri­als for re-use. The result­ing expan­sion across the com­pa­ny will increase jobs, con­tribute to local economies, and enhance the company’s abil­i­ty to serve its grow­ing glob­al cus­tomer base.

To read the full arti­cle, please vis­it: busi­ness­wire