ZincFive, Inc. develops proprietary nickel-zinc battery storage technology to provide electricity for data centers and other applications. The company is based near Portland, Oregon, and sells its products globally.

History

PowerGenix was formed near

San Diego, CA San Diego ( , ; ) is a city on the Pacific Ocean coast of Southern California located immediately adjacent to the Mexico–United States border. With a 2020 population of 1,386,932, it is the eighth most populous city in the United States ...

in 2000. PowerGenix developed and patented high-power and low-cost Nickel-Zinc rechargeable batteries for electric vehicles, grid storage, and other power intensive applications. PowerGenix raised over $47 million from a number of venture capital firms, including

Granite Ventures Granite Ventures is a venture capital firm with offices in San Francisco, California. Granite's predecessor H&Q Venture Associates, founded in 1992, was the venture capital investment arm of Hambrecht & Quist, a leading technology oriented inve ...

Advent International Advent International is a global private equity firm focused on buyouts of companies in Western and Central Europe, North America, Latin America and Asia. The firm focuses on international buyouts, growth and strategic restructuring in five core ...

, Braemar Energy Ventures,

Bessemer Venture Partners Bessemer Venture Partners (Bessemer) is an American venture capital firm. The firm has over $19 billion under management and invests globally, with offices in San Francisco, Redwood City, New York City, Boston, Israel, India, and London. Bessemer ...

, and OnPoint Technologies.

Joining with EnSite Power and Combined Operations

EnSite Power was formed near

Portland, OR Portland (, ) is a port city in the Pacific Northwest and the largest city in the U.S. state of Oregon. Situated at the confluence of the Willamette and Columbia rivers, Portland is the county seat of Multnomah County, the most populous cou ...

in 2015. PowerGenix merged with EnSite Power in 2016, creating ZincFive. ZincFive has raised over $78M from a number of venture capital firms, including 40 North Ventures, DBL Partners, and OGCI Climate Investments. Since 2016 ZincFive has developed products based upon its nickel-zinc battery technology for data centers, transportation control, and industrial engine starting. Products traditionally developed for these markets are based on lead-acid or lithium ion technology; batteries based upon nickel-zinc technology potentially have improved performance with a lower environmental impact.

References

{{DEFAULTSORT:Zincfive Battery manufacturers Renewable energy Nickel Zinc