KORE Power, Inc. and Northern Reliability, Inc. enter into a Memorandum of Understanding to form a Strategic Alliance
KORE Power, a leading developer of high density, high voltage energy storage systems, today announced that it has entered into a Memorandum of Understanding ("MOU") with Northern Reliability, Inc. ("NRI"), a U.S.-based energy storage system integrator and manufacturer of control systems and software.
The MOU provides for the formation of a strategic alliance between KORE Power and NRI for energy storage projects, allowing the companies to combine their expertise and efforts to increase business and sales opportunities utilizing NRI’s energy storage system engineering, procurement, and construction services, and KORE Power's Mark 1™ Battery Energy Storage System.
NRI, the oldest EPC energy storage integration team in the US, provides off-the-shelf customizable power and energy storage solutions for a variety of applications. Additionally, NRI’s products are operational under all conditions around the world using cleaner power derived from solar, wind and conventional fuel sources.
KORE Power's Mark 1™ Battery Energy Storage System is scaleable to meet any energy demand and are designed to operate in both off-grid and grid-tied environments.
NRI recently announced its development of commercial and utility-scale energy storage solutions ranging from 0.5 MWh upwards to 400 MWh. These recent advances enable NRI to work with its utility customers on the development of an operating model that takes advantage of potential revenue streams to assist in offsetting operating costs. This strategic alliance allows Northern Reliability to offer the Mark 1™ Battery Energy Storage System to its customers as part of its energy storage solution.
“KORE Power brings to the table a critical element which NRI has been searching for in its stable of high-quality components, a domestically produced lithium energy storage system of the highest quality. Not only can the NRI-KORE alliance help to solve some of the supply-side security concerns of the US governmental entities and US utilities, but it finally offers a cost effective solution which can provide comparable performance to other foreign made suppliers with reduced freight costs and product leadtimes.” remarked Jay Bellows, President & CEO of NRI.
"Working with NRI is a commanding move towards increased integration of KORE Power’s battery products across North America. We are excited to work with the NRI team in a market where energy storage solutions are in high demand," said Lindsay Gorrill, CEO of KORE power. "Together, our companies will promote and sell a joint solution that is ideal for the North American market as it shifts to accommodate cleaner, more sustainable energy practices across a variety of applications."
ABOUT Northern Reliability, Inc.:
Northern Reliability, Inc. (“NRI”) is a US-based power systems integrator and engineering firm based in Waterbury, Vermont whose team has been working in the energy storage field for nearly fifty years. Initially formed as the energy storage and solar division of Northern Power Systems in the early 1970’s, the NRI engineers broke off to become a separate organization in 2007. Having designed and deployed over 1000 off-grid and microgrid power systems around the planet, the NRI team recently made news in T&D World Magazine 2017, 2018, and 2019 when it was awarded a unique $1.3M Grid-Tied Distributed Energy System Project for Xcel Energy in Denver, CO, the largest grid-tied solar + storage project in the Southern US for Today’s Power, Inc. in Fayetteville, Arkansas 12MW-26.1MWh, and a transportable storage contract with EPRI and the US Navy.
Gregg R. Noble
Vice President of Sales & Development
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.