US nickel-zinc battery-based systems company ZincFive has announced a strategic partnership with Orion Infrastructure Capital (OIC), which will provide a term loan of up to $80 million to fuel the companyâ€™s global growth.
The collaboration with OIC will advance the ZincFiveâ€™s new product pipeline, and speed up the development of US-based production capacity.
The investment will also enable ZincFive to expand recycling infrastructure.
Jeremy Glick, head of infrastructure growth at OIC, said: â€œWe are thrilled to join forces with ZincFive on their remarkable journey to transform energy storage in data centres and other global markets. ZincFiveâ€™s nickel-zinc battery production capabilities seamlessly align with OICâ€™s dedication to sustainable infrastructure.â€
Tim Hysell, co-founder and CEO of ZincFive, added: â€œBoth our organisations 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.â€