KORE Power's New One Million Square Foot Manufacturing Facility
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 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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