Sets goals of net zero operations by 2040, no gender pay gap, and 50% of leadership positions to be held by women by 2030; affirms goal of 100% North American supply chain, focused in the United States

February 1, 2024, COEUR D’ALENE, ID – KORE Power has announced its first sustainability program, a strategy designed to solidify its standing as an environmental leader, while making KORE an employer of choice. Plan highlights include committing to goals of net zero business emissions, dedicated hiring targets for senior leadership, and comprehensive wage and living benefits for employees.

“As a modern, clean energy manufacturer, any sustainability plan we advance must be founded on being a good steward of the environment,” said KORE Power CEO and Founder Lindsay Gorrill. “For us, that environment includes our employees as well as the communities where we live and work, and the companies where the components of our supply chain are sourced. Our program addresses this broad approach to sustainability to support people, our planet, and our business.”

KORE commits to achieving net zero for Scope 1 (direct) and Scope 2 (indirect, like energy supply) emissions by 2040. Gorrill said this aggressive approach is driven by the company’s identity as a leading supplier of lithium-ion batteries and energy storage products for the energy storage and e-mobility sectors.

“The time to act is now, as we expand our footprint with the KOREPlex. Strong sustainability policies are not only possible, but they are also good for business,” he said.

KORE was founded to produce a domestic supply of lithium-ion batteries and energy storage products and deeply understands the importance of a strong, sustainable supply chain. The program affirms the company’s goal of having a North American supply chain, with a special focus on materials from the United States.

The program also establishes that 100% of employees will be at or above a living wage threshold and commits that there will be no gender pay gap within the company. Furthermore, it sets a goal that women will hold 50% of leadership positions in the company by 2030.

Safety is a critical component of the strategy, which sets a goal of no recordable work-related incidents or fatalities at KORE facilities. KORE employees also receive paid volunteer hours, and the strategy sets a goal that 50% of those hours are fulfilled with community groups each year, adding hundreds of hours of volunteer capacity for organizations in Arizona, Vermont, and Idaho. KORE will also be launching a renewed and focused charitable giving program.

The sustainability program will be measured each year and updated every two years. By launching the program in 2024, the company seeks to have a full year of data on hand when the KOREPlex manufacturing facility begins operations in 2025.

“This is just the first step and will give us a foundation to build upon when the first manufacturing lines at the KOREPlex roll into production,” Gorrill said. “By taking this step today, we will be positioned for maximum success at the KOREPlex and beyond.”

About KORE Power:

KORE is a leading U.S.-based developer of battery cell technology and integrated solution manufacturer for the energy storage and e-mobility sectors. With clients in energy storage, e-mobility, utility, industrial and defense markets, KORE provides battery products and solutions that are the backbone for decarbonization across the globe. KORE is uniquely positioned to serve these markets as an integrated provider of cells, batteries, and solutions. Commercial production at the KOREPlex is targeted for the end of 2024, early 2025. The KOREPlex will have an initial annual production capacity of 6 GWh of battery cells, which may be expanded to 12 GWh to meet market demand. KORE is headquartered in Coeur d’Alene, Idaho, with operations in Waterbury, Vermont, and Buckeye, Arizona.

Media Contacts

Aleysha Newton

Marketing Director

+1 (208) 758-9392
anewton@korepower.com

David Jakubiak

Aileron Communications

+1 (312) 629-9400 ext. 14
djakubiak@aileroninc.com