With more than a decade of experience scaling and commercializing lithium-ion storage products, Shanker will support KORE Power’s rapid growth in energy storage and e-mobility

Coeur d'Alene, Idaho, July 12, 2022 – KORE Power (KORE), a leading U.S.-based developer and manufacturer of battery cell technology, today announced that Ravi Shanker has joined the company as a senior advisor to CEO Lindsay Gorrill. As senior advisor, Shanker brings three decades of management and business building experience in energy storage and e-mobility markets.

Shanker spent more than three decades with Dow, serving in a variety of roles in business management, strategic planning and finance, corporate development, and innovation. Notably, he initiated Dow’s entry into the EV and energy storage market, serving as founding president and CEO of DowKokam LLC. In that role, he led the construction and launch of an advanced lithium-ion cell and pack plant that was partially funded by the Department of Energy, and built a global business with customers in defense, mobility, and stationary energy storage applications. He has served on various boards and brings significant governance and international operational experience across Europe and Asia.

“We are building a team with diverse, deep experiences that will allow us to scale our operations and expand the commercial success of our products,” said Lindsay Gorrill, KORE Power CEO. “Shanker’s experience with global markets, manufacturing, and innovation, as well as public-private partnerships that advance clean technologies fortifies the KORE team.”

“KORE Power is scaling up its business at a very exciting time,” Shanker said. “A decade ago, the market was still in development. Today the demand is for better, safer products that give customers confidence and support innovation and growing the clean energy supply chain in the US. KORE is exactly what customers and the U.S. needs.”

In the coming months, KORE Power will break ground on the KOREPlex, its 12 GWh lithium-ion battery cell production facility near Phoenix, designed to be the first Net-Zero Carbon U.S. Gigafactory producing cells in multiple formats and chemistries. It will also deploy the first Nomad Transportable Power Systems and will unveil a portfolio of new products for the EV and ESS markets.

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.

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