KORE Power Announces 44 MWh Procurement Agreement with Cordelio Power
American-made KORE Power solutions will re-power energy storage assets in PJM
Coeur d'Alene, Idaho, April 13, 2023 – KORE Power, Inc. (KORE) will supply American-built battery energy storage systems to Cordelio Power for the repowering of Cordelio’s 20 MW/44 MWh McHenry standalone storage facility in the PJM Interconnection. Repowering with KORE’s deep-rack battery systems will increase the power, safety and flexibility of the facility.
KORE Power, a leading manufacturer of lithium-ion cells and energy storage solutions, will build the NMC deep-rack solutions for Cordelio at its facility in Waterbury, Vermont. This is the latest in a number of recent agreements which will deploy KORE Power products in energy storage applications across the globe.
“The KORE team has developed our NMC deep-rack system to provide increased energy density while delivering unrivaled safety, reliability and responsiveness for energy storage systems that will operate in a range of environments,” said Lindsay Gorrill, Co-Founder and CEO of KORE Power. “KORE technology will help Cordelio’s facility stabilize the grid through summer heatwaves and polar cold snaps.”
Cordelio Power is an independent power producer that develops, owns and manages renewable power and battery storage facilities across North America. Cordelio’s development pipeline includes more than 18,000 MW of clean energy projects.
“The need to stabilize the grid and integrate renewable energy sources is set to grow rapidly in PJM, and we will need the most advanced energy storage technology available,” said Dan Foley, Innovation Leader at Cordelio Power. “We’re pleased to be working with KORE on this important project.”
According to the agreement, the NMC systems will be delivered in the first quarter of 2024. The financial terms of the agreement were not announced.
About KORE Power:
KORE Power, Inc. (KORE) is headquartered in Coeur d’Alene, Idaho, with operations in Waterbury, Vermont, and Buckeye, Arizona. KORE is the leading U.S.-based developer of battery cell technology for the clean energy industry. With clients in energy storage, e-mobility, utility, industrial and mission-critical markets, KORE Power provides the backbone for decarbonization across the globe. As the first U.S.-based, American-owned, and fully integrated provider of cells, batteries, and solutions, KORE is uniquely positioned to serve these markets. Through the construction and operations of its large-scale battery cell manufacturing facility in the U.S., KORE is positioned to operate at 12 GWh per year capacity. The facility (the “KOREPlex”) will operate with net-zero carbon emissions through strategic partnerships and solar and storage co-generation.
KORE Power’s differentiated approach provides customers with direct access, unparalleled service, superior technology, and Tier 1 product availability. Focused on building sustainable communities, clean energy jobs, and green economic expansion, KORE Power is proud to offer a functional solution to real-world problems and fulfill market demand to deliver a zero-carbon future. The KOREPlex is expected to come to Buckeye, Arizona, and be the anchor to the development of the Sustainable Valley by the end of 2024. For more information, visit www.korepower.com.