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.
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