Startup ZincFive, maker of a novel nickel-zinc battery for stationary storage applications, has brought its total investment raised since founding seven years ago to more than US$200 million. The Oregon, US-headquartered company said it has successfully closed negotiations on a term loan worth US$80 million with Orion Infrastructure Capital (OIC), an investor in “environmentally and socially innovative infrastructure” solutions.

The investment brings on OIC, formerly known as Orion Energy Partners, as a strategic partner to ZincFive, which is targeting high-power energy storage applications including at data centres and industrial engine starting that require mission-critical, uninterrupted and good quality power supply.