Battery company ZincFive has secured a multi-million dollar investment to expand its operations across the United States.
Some of the funds will pay for a new facility near the company headquarters in Oregon. Here, it produces nickel-zinc batteries for immediate power applications such as data centres.
Company ceo Tim Hysell intends to boost the domestic battery manufacturing sector with strategic partnerships for critical materials and battery recycling. He says growing interest in artificial intelligence, digital solutions, electric cars etc. is prompting rocketing demand for batteries.
Greentech standard
‘Our patented nickel-zinc electrochemistry is setting a higher standard for battery technology that not only meets today’s growing power demands but does so safely and sustainably, challenging the dominance of its predecessors, lead-acid and lithium-ion batteries,’ Hysell says.
Earlier this year, ZincFive was recognized by Time Magazine as one of America’s top green tech companies of 2024. The company has raised over US$ 200 million (EUR 185 million) since its launch in 2000.
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