KORE Power Ships Pre-Production Mark 1™ Modules

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August 10, 2020
KORE Power, Inc., the nation’s leading US-based developer of battery cell technology for the energy storage and clean energy industry, today announced that its initial shipment of pre-production Mark 1™ modules are now in transit to customers for integration testing in their stationary energy storage applications. Additional Mark 1™ modules are being shipped to an independent lab for confirmatory testing for prospective customers.
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KORE Power and ELM LLC Enter Into a Memorandum of Understanding to Form a Strategic Alliance

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August 10, 2020
KORE Power (KORE), a leading developer of high density, high voltage energy storage systems, today announced it has entered into a memorandum of understanding (MOU) with ELM FieldSight, LLC (ELM), a U.S.-based provider of microgrid controls and packaged solutions.
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KORE Power, Inc. and Northern Reliability, Inc. enter into a Memorandum of Understanding to form a Strategic Alliance

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August 10, 2020
KORE Power, 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.
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KORE Power’s Mark 1 Battery Cell Achieves Product Certifications

KORE Power Team
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August 10, 2020
KORE Power, a leading developer of high density, high voltage energy storage solutions, today announced that its Mark 1™ battery cells have passed the testing and factory audit requirements. KORE Power remains on course to fulfill global customer orders for Mark 1™ battery cells this quarter.
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KORE Power and Multi Source Power Technologies enter into a Memorandum of Understanding to form a Strategic Alliance

KORE Power Team
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August 10, 2020
KORE Power, today announced that it has entered into a Memorandum of Understanding ("MOU") with UK-based Multi Source Power Technologies Ltd. (“MSP”). The MOU forms a strategic alliance for energy storage projects between KORE Power and MSP, and is designed to increase business and sales opportunities through the integrated efforts and unique contributions of each company. The strategic alliance will focus on business opportunities served by the combined strengths of MSP’s energy storage asset integration products and services and KORE Power’s Mark 1™ Battery Energy Storage System.
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KORE Power Receives Initial Mark 1™ Cell Testing Results from NOVONIX Battery Testing Services

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August 10, 2020
NOVONIX used its state of the art High Precision Coulometry (HPC) testing to diagnose battery chemistry stability and to demonstrate the lifetime of KORE Power's Mark 1 cells in early cycles. The company's cells have achieved superior coulombic efficiency when cycling to 4.2V and 4.3V, enabling higher energy density with minimal lifetime penalty. Coulombic efficiency is the primary metric examined for performance; values closer to 1.000 should have a longer cycle life. KORE Power's cells are currently performing above 0.999.
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Renewance Memorandum of Understanding

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August 10, 2020
KORE Power, Inc., today announced that it has signed a Memorandum of Understanding (“MOU”) to enter into a strategic partnership with Renewance, Inc. (“Renewance”) to collaborate on the execution of battery recycling projects for KORE Power batteries which have reached their end-of-life. Renewance has extensive knowledge of regulations related to industrial battery storage, packaging, transportation, and recycling.
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KORE Power Introduces Safety Features of its Mark 1™ Energy Storage System

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August 10, 2020
KORE Power recognizes the fundamental importance of ensuring products used in energy storage are safe for both people and property that are involved in the industry. The Mark 1 design incorporates several key design elements that enhance the safety of this product and the user’s ability to monitor the performance of the cell. Some safety features of the modules include:
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KORE Power and Redetel Sign Memorandum of Understanding for Sales Efforts in Central America

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August 10, 2020
Redetel is an infrastructure and telecommunications technical services provider that operates in the Central American Territories, specifically in Costa Rica, El Salvador, Nicaragua, Panama, and Guatemala where its offices are based. Together, KORE Power and Redetel plan to promote and sell a joint solution, consisting of Redetel’s renewable energy power plants and KORE Power’s Mark 1 energy storage solution, within the countries Redetel operates in.
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KORE Power Intends to Build 10 GWh Battery Manufacturing Plant in the U.S.

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August 10, 2020
KORE Power, a leading developer of high-density, high-voltage energy storage solutions, today announced its intentions to build a lithium-ion battery manufacturing plant in the U.S. to support global growth efforts for its Mark 1™ Energy Storage System. The new facility will produce systems that are made in the USA and will stimulate economic growth with 2,000 U.S.-based manufacturing jobs.
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Is Energy Storage Finally Ready To Tackle the Wind Sector's Biggest Challenge?

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August 10, 2020
Lindsay Gorrill, CEO and director of KORE Power, explains that energy storage can help spur investor interest in wind farms, because it can significantly reduce the amount of time that wind turbines are idled or operating at a lower capacity due to oversupply. “When you drive by a wind turbine and you see only one (or none) running, it means they are not utilizing the wind. Storage enables you to utilize that large capital you’ve spent,” Gorrill explains.
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KORE Power argues for bankability of NMC for US utility market

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August 10, 2020
CohnReznick has executed more than US$19.5 billion worth of renewable energy asset project and corporate transactions since 2008. On the deal with KORE Power, company senior managing director Nick Knapp said that a “scalable, fully integrated and cost-effective solution to power storage has never been more important,” to the momentum of the clean energy industry.
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CohnReznick Capital to advise KORE Power on a private equity placement

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August 10, 2020
KORE Power, a leading developer of high density, high voltage energy storage solutions, announces that it has retained CohnReznick Capital as its investment banker to advise the Company on a private equity placement to support continued growth and business development.
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Idaho Business Review: Coeur d’Alene energy storage company looking to site 2,000-employee battery factory

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August 10, 2020
A Coeur d’Alene company is developing battery storage technology similar to that of Tesla Inc., which could lead to a manufacturing facility being sited in the state with up to 2,000 jobs. The company, KORE Power, produces lithium ion batteries using a similar technology to batteries today, but with higher density and less cost, said CEO Lindsay Gorrill. Unlike Tesla – which built a 1.9 million square foot “Gigafactory” in Sparks, Nevada, to produce batteries – KORE produces its own cells. The cells can be used in a variety of products, ranging from an electric bicycle to the massive storage a utility company would use, he said.
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Lithium-ion Batteries: “Rare Earth” vs Supply Chain Availability

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August 10, 2020
It has become critical for the energy storage, greater battery manufacturing, and investor communities to understand this very point: rare earth means something and not just that there’s an overabundance or underabundance of something, but rather is a classification of elements. Simply put, the minerals used to make lithium-ion batteries so promising may be mislabeled “rare earth” due to their difficulty to access however, few if any of them are actually rare. If they were, wouldn’t you think we’d be having a longer conversation about how people will survive one day without a mobile phone or laptop?
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KORE Power targets 6 GWh of NMC battery production capacity for ESS

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August 10, 2020
KORE Power announced the appointment of its executive team in early August, noting that founder Lindsay Gorill identified a manufacturing partner in Do-Fluoride Chemicals, which was already active in producing batteries for EVs. KORE Power then went about adapting the technologies for use in various grid and behind-the-meter energy storage applications.
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KORE Power Increases Gigawatt Capacity for Mark 1 Energy Storage System Production

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August 10, 2020
The KORE Power team met with manufacturing partner, Do-Fluoride Chemicals (DFD), last month at DFD’s plant in Jiaozuo, China to enhance the structural design of the Mark 1 solution and review the cell technology and processes for manufacturing, assembly and quality control. The trip was a success and KORE Power anticipates that production of the cells will be at full capacity in February 2020, a full month ahead of schedule.
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NOVONIX to Provide Battery Development and Testing Services to KORE Power

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August 10, 2020
KORE Power will conduct research and development with NOVONIX to improve their battery technology utilizing NOVONIX’s proprietary battery cell testing technologies. The project will support KORE Power’s objectives of building high quality energy storage systems and battery cell manufacturing in North America.
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Scott Osborne will be speaking at Solar Power / Energy Storage International

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August 10, 2020
Scott Osborne will be speaking at Solar Power / Energy Storage International - Advanced Topics in Energy Storage: 201 – The U.S. Energy Storage Market of Tomorrow. "Aimed at energy storage professionals along the entire value chain, this forward-thinking session will equip your company with innovative concepts needed to succeed in the storage marketplace of tomorrow.
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KORE Power Names Mark Hagedorn as VP of Operations Completing Leadership Team

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August 10, 2020
Mr. Hagedorn joins KORE following his tenure at Energy Storage Systems (ESS) Inc. where he served as Director of Operations. During his time at ESS, he directed the transformation of the base product and component structure to commercial production; developed the international supply chain and strategic approach to target low cost areas and local production; researched and assessed new facilities/locations; and implemented strategic plans to support the company’s growth and operations.
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Saba Lakshman Hired as VP BD for APAC and Africa Markets

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August 10, 2020
Saba has over 20 years of business development experience and was responsible for extensive growth of that company, including its expansion into new markets in India and the Far-East, as well as into the US and Europe. Saba is opening KORE’s office in Chennai, India and will lead APAC and Africa business development as KORE begins production of their new Mark 1 Energy Storage System.
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KORE Power Hires Tom DeRosa as VP of Business Development

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August 10, 2020
Tom DeRosa, the founder of the executive search firm Renewable Search, has joined the rapidly expanding team at KORE Lithium Technologies, Inc. (“KORE Power”) as they begin manufacturing and sales of their new Mark 1 Energy Storage System.
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KORE Power Hires New VP of Sales – Scott Osborne

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August 10, 2020
Up and Coming Energy Storage Company Continues to Build World Class Team
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