ZincFive Closes $80 Million Capital Partnership with Orion Infrastructure Capital

ZincFive, a nickel-zinc (NiZn) battery-based solutions provider, 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 centres, industrial engine starting, and other high-power energy storage markets.

With this collaboration, ZincFive looks to 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. The investment will enable the company to expand its recycling infrastructure resulting in battery-grade materials for reuse, as per the official statement.

Jeremy Glick, Head of Infrastructure Growth at OIC, expressed his enthusiasm for the partnership, adding, “We at OIC are thrilled to join forces with ZincFive on their remarkable journey to transform energy storage in data centres and other global markets. ZincFive’s nickel-zinc battery production capabilities seamlessly align with OIC’s dedication to sustainable infrastructure.”

“We are excited to forge a strategic partnership with OIC, propelling ZincFive’s rapid commercial adoption in key global markets,” stated Tim Hysell, Founder and CEO of ZincFive. “Both our organizations share an unwavering passion and commitment to not only onshoring additional manufacturing capacity in the United States but also to offer a safe and sustainable battery technology for high-power mission-critical applications.”

In addition to this partnership, the firm ZincFive also closed on a portion of its ongoing Series D equity financing round with Clear Creek Investments, LLC (CCI).

ZincFive

ZincFive, a privately held company based in Tualatin, Oregon, is an intelligent energy storage and delivery solutions company providing nickel-zinc battery-based UPS solutions for mission-critical applications in data centres, intelligent transportation, motive power, and other industries

The company offers nickel-zinc (NiZn) technology that harnesses the Power of Good Chemistry to create high-power battery solutions.

Founder

The company was founded by Tim Hysell. Hysell founded and chaired PSI Acquisitions and Millennium Power Solutions – where the UPStealth® was invented – and ZincFive. Tim has over three decades of entrepreneurial success in founding, owning, and directing profitable business operations in renewable energy, banking, manufacturing, and medical devices, partnering with global giants such as Siemens, Phillips, and Hewlett-Packard. Before owning his businesses, Tim worked for General Electric, Hewlett-Packard, and Providence Health Systems.

Funding

ZincFive had successfully accumulated a total of $132.7 million of funding through nine rounds, so far. Earlier to these recent investments, their last round of funding took place on December 6, 2022, when the firm successfully raised capital in a Series D round.

The company has garnered support from a group of six investors, with Senator Investment Group and Standard Industries being the most recent contributors to their funding endeavours. Additionally, ZincFive expanded its operations through the acquisition of PowerGenix on November 28, 2016.