KORE Lithium Technologies Inc (KORE Power), a US headquartered manufacturer of nickel manganese cobalt (NMC) battery racks for the utility-scale stationary energy storage market, has retained renewable energy investor CohnReznick Capital as its Investment Bank of Record.

"CohnReznick’s expertise and track record in the renewable energy industry is a terrific fit as we bring our pure-play battery and storage systems to the next level. With this additional equity capital, KORE Power will be well-positioned to continue its robust growth and rapid development,” KORE Power CEO Lindsay Gorrill said.

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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ABOUT KORE Power:

Based in Coeur d’Alene, Idaho, KORE Power is a leading developer of high-density, high-voltage energy storage solutions for global utility, industrial and mission-critical markets.

KORE Power designs and manufactures the industry-leading, 1500V Mark 1 Energy Storage System. Developed to lower installation and operation costs with higher efficiency, the Mark 1 includes proprietary NMC cells and modules, with innovative safety features, managed and optimized by the Mark 1 BMS.

KORE Power serves the growing demand for applications such as replacing fossil fuel peaker plants, wind and solar plus storage projects, Microgrid optimization, behind-the-meter C&I, E-Mobility, mining energy solutions and the Military.

Media Contacts

Aleysha Newton

Sales and Marketing

+1 (208) 758-9392
anewton@korepower.com

Mr. Tom DeRosa

VP Business Development

+1 (208) 758-9395
tderosa@korepower.com

Erica Scardelletti

Silverline Communications

+1 (609) 954-4410
KORE@teamsilverline.com