KORE Power is carefully selecting a site for our new one million square foot facility, with an output capacity of 10 GWh, that will deliver much needed state-side energy storage supply to meet customer demand.
Our team began the site selection process in Q2 2019 with an initial, 18 states and over 400 sites presented. Through jurisdictional outreach and research, our team narrowed down the originally proposed locations and visited nine states and 50 sites.
KORE has recently down selected to only a few sites, with the final site selection occurring in Q3 2020, with a public announcement to follow.
Importantly, our new US manufacturing facility will also serve as a substantial job creation engine. Upon commissioning, our facility will provide 1,250 jobs, growing to an estimated 3,000 jobs at full capacity. Energy storage has the potential to create thousands of jobs in the next few years.
The US manufacturing facility will feature a solar + storage co-generation plant, fully integrated into the site. It will have the capability to provide triple redundancy of the power supply with the cooperation of local utility companies, while also working with the utility companies to provide the surrounding communities with grid resiliency, and overproduced power. Our factory will maintain KORE's goal of being a carbon-neutral corporation.
The US facility will serve the North American domestic market as well as the rest of the western world, while our Chinese factory will continue to serve the APAC regions. We are expecting that we will break ground on our US manufacturing facility in Q2 2021, with construction taking approximately 12-18 months to complete.
KORE Power is beyond proud to provide a "Made in America" solution that will serve our future customers, partners, employees, and communities at large.
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.