KORE Power
KORE Power develops lithium-ion battery cells and offers integrated energy storage solutions for clean energy industries, with manufacturing facilities in the U.S. and offices worldwide.
Company Overview
KORE Power is a company that develops lithium-ion battery cells for clean energy industries. It offers a range of fully integrated grid-scale energy storage solutions as well as energy storage solutions for e-mobility and utility applications. Headquartered in Coeur d'Alene, Idaho, KORE Power operates additional offices in Vermont, Canada, France, Germany, and India. The company aims to support the growing demand for clean energy by leveraging its advanced manufacturing facilities and supply chain capabilities.
Battery Manufacturing Facilities
KORE Power manufactures battery cells at a facility with a 12 GWh annual capacity located in the United States. This facility is instrumental in producing high-performing lithium-ion battery cells designed for multiple applications. Furthermore, the company plans to construct another 12 GWh battery cell manufacturing facility to meet increasing market demand. These facilities demonstrate KORE Power’s commitment to scaling its production capabilities to support the clean energy transition.
Projects and Initiatives
KORE Power has received a conditional commitment for an $850 million loan from the U.S. Department of Energy. This funding will support the development of the KOREPlex Advanced Battery Manufacturing Facility, further bolstering the company's production capacity. The new facility is expected to enhance the supply of high-performance battery cells for various energy storage applications.
Product Portfolio
KORE Power offers a range of products including the K1-55 NMC cell and the K1-20 LFP cell. Both products are notable for their high energy density and robust performance, making them suitable for a variety of energy storage and e-mobility applications. The company's products have undergone key safety certifications and rigorous testing to ensure reliability and performance across different usage scenarios.
Vertically Integrated Supply Chain
KORE Power operates with a vertically integrated supply chain, which enhances its global delivery capabilities. This strategic approach allows the company to manage every stage of the production process, from raw material procurement to the final product delivery. This integration ensures better control over quality, cost, and supply chain efficiency, thereby providing reliable and timely energy storage solutions to its customers worldwide.