Japan Energy Fund invests in ZincFive, developer of a nickel-zinc battery that is high-power, fail-safe, sustainable, and cost-effective
London, 15 June 2022 — Japan Energy Fund announce that it has invested in ZincFive, Inc. through its Decarbonized Tech Fund managed by Japan Energy Capital. ZincFive is the world leader in innovation and delivery of nickel-zinc batteries and power solutions.
This financing round includes funding from OGCI Climate Investments, among other current and new investors.
(Source: ZincFive) Image of ZincFive’s nickel-zinc technology
The global uninterruptible power supply (UPS) market size is projected to grow at a CAGR of 8%* between 2022 and 2027. Furthermore, the global market for hyperscale data centers, one of ZincFive's target markets, is forecast to grow at a CAGR of 26.32%** until 2027.
The nickel-zinc battery technology handled by the company, as a UPS battery, has the potential to be commercialised and to grow significantly, especially in the data center sector.
*Source: Mordor Intelligence: "UNINTERRUPTIBLE POWER SUPPLY (UPS) MARKET - GROWTH, TRENDS, COVID-19 IMPACT, AND FORECASTS (2022 - 2027)”
**Source: Markets and Markets: "Hyperscale Data Center Market by Solution (Server, Storage, Networking, Software), Service (Consulting, Installation and Deployment, Maintenance and Support), End-User, Data Center Size, Industry, and Region - Global Forecast to 2022”
About ZincFive´s nickel-zinc technology
ZincFive’s nickel-zinc (NiZn) technology harnesses The Power of Good Chemistry™ to create high-power battery solutions that are good for business, good for people, and good for the planet. ZincFive’s immediate power batteries offer high discharge rates and safety, in a small footprint. Its applications are UPS, industrial starters and grid peak shaving.
ZincFive is the world leader in the innovation and delivery of nickel-zinc batteries and power solutions. With more than 90 patents awarded, ZincFive technology harnesses The Power of Good Chemistry to propel the world forward. ZincFive technology leverages the safety and sustainability of nickel-zinc chemistry to provide high power density and performance to mission-critical applications. ZincFive is a privately held company based in Tualatin, Oregon. For more information, visit www.zincfive.com.
Yohei Kiguchi, Founder and CEO of Japan Energy Fund and ENECHANGE Ltd.
We are excited to join this investment round in ZincFive with other existing and new investors. ZincFive’s battery innovations are a key step on the road to decarbonization, and they have demonstrated promising commercial adoption in batteries at data centers and in the intelligent transportation system sector. We see a strong fit in Japan, which is looking to decarbonize under the Japanese government’s directions as set out in the Green Growth Strategy. We aim to support ZincFive's development in the Japanese market through the establishment of a collaborative business relationship, beginning with this investment.
Tim Hysell, CEO of ZincFive
Our customers are thrilled with our nickel-zinc batteries and power solutions delivering higher performance without forcing them to compromise on safety and the environment. The opportunity to partner with ENECHANGE provides the capital and strategic relationships to bring nickel-zinc batteries into new global growth segments.