With more than a decade of experience scaling energy storage and lithium-ion product offering sand manufacturing, Canada will oversee and optimize KORE’s manufacturing growth.

Coeur d'Alene, Idaho, December 5, 2023 – KORE Power, Inc. (KORE), the leading U.S.-based developer of lithium-ion battery cells and manufacturer of integrated solutions for e-mobility and energy storage systems has named industry veteran Michael Canada the company’s Chief Operating Officer.

Canada, who has extensive experience scaling and commercializing energy storage and lithium-ion battery products for companies including Altairnano, EnerDel, and Sion Power Corporation, will oversee the successful completion of the KOREPlex in Buckeye, AZ and the launch of operations at the facility.

“Mike knows the lithium-ion battery storage industry from the ground up and has improved processes and profitability throughout his career,” said Lindsay Gorrill, KORE’s founder and CEO. “As we enter a period of rapid growth, his leadership and experience in building businesses and scaling energy storage will be a tremendous asset to KORE’s team.”

Canada began his career with DaimlerChrysler before moving to the energy storage industry in 2011. Throughout his career, he has helped streamline costs and improve profitability while developing successful growth strategies for companies in the rapidly evolving energy storage sector.

“KORE Power is in a remarkable position with a solid customer base, strong financial backing, a growing product line, and an American gigafactory that is under construction and will soon start production of critical energy storage and e-mobility batteries and products,” Canada said. “The success of the KOREPlex will allow KORE to deploy American innovation. I am excited to join a great team of leaders with intentional conviction of commercializing, scaling, and winning in decarbonization.”

In June, KORE received a conditional loan commitment for $850 million from the U.S. Department of Energy’s Loan Programs Office for the KOREPlex to fund the first 6 GWh line at the 1,330,000 square-foot-facility. When fully operational the facility will have multiple production lines and will produce cells using nickel manganese cobalt (NMC) and lithium iron phosphate (LFP) chemistries. The facility is expected to create 1,250 direct jobs when operating at capacity.

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