What KORE Power does

KORE Power, Inc. is a U.S.-headquartered (Coeur d'Alene, Idaho; Delaware-incorporated) vertically integrated battery energy storage systems manufacturer founded in 2020. The company designs and produces lithium-ion battery cells (the K2280 LFP prismatic cell at 280 Ah and the K155 NMC pouch cell at 55 Ah), assembles them into modular storage racks (P2 750 LFP, P1 335 NMC, M1 110 NMC) and turnkey DC Block systems (750 kWh LFP and 1.34 MWh NMC), and supports deployed systems with KAMS, an AI-assisted asset management and network operations platform offered in five subscription tiers. KORE serves utility-scale operators, commercial and industrial enterprises, e-mobility and EV charging infrastructure providers, and microgrid developers, with deployments concentrated at a 968 MWh awarded or deployed base anchored at its Waterbury, Vermont manufacturing facility and integration work executed through its wholly-owned subsidiary Northern Reliability, which brings approximately 1,100 legacy BESS projects and over 50 years of operational experience. The company pursues an enterprise direct-sales motion targeting large utility providers and C&I customers, leveraging its U.S. manufacturing footprint to qualify projects for IRA Investment Tax Credit eligibility (30% base plus a 10% domestic content bonus) while bundling hardware sales with multi-year KAMS subscriptions, deployment services, and field support.

Revenue is generated through three primary streams: hardware sales of cells, modules, racks, and DC Block systems (typically project-based capital equipment sales with multi-year service overlays), recurring KAMS subscription revenue across Foundation through Platinum tiers, and deployment plus field services revenue from installation, integration, and post-deployment maintenance. As of early 2025, KORE cancelled its planned $1.2 billion KOREPlex Arizona gigafactory after failing to finalize an $850 million U.S. Department of Energy loan commitment, and the CEO departed; in 2026 the company sold its Nomad Transportable Power Systems subsidiary and entered a definitive agreement to be acquired by T1 Energy for approximately $32 million in equity, cash, and assumed debt with a contingent $9.6 million earn-out tied to fiscal 2026 and 2027 performance, with closing expected in Q2 2026.

Name

KORE Power

Legal name

KORE Power, Inc.

Website

https://korepower.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

101–250 employees

Short description

KORE Power is a U.S.-based vertically integrated manufacturer of lithium-ion battery cells, modular DC Block energy storage systems, and the KAMS asset management software, serving utilities, commercial and industrial enterprises, e-mobility providers, and microgrid developers, with manufacturing anchored in Vermont and integration heritage from its Northern Reliability subsidiary.

Ownership category

akta.pro rank

Headquarters

HQ city

Coeur D'alene

HQ country

United States

HQ region

North America

Offices7 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Battery Cell and Module Sales: Sale of proprietary lithium-ion battery cells (K155 NMC, K2280 LFP), modules, and racks to customers including utilities, C&I enterprises, and e-mobility providers. Revenue is one-time hardware sale driven by project procurement cycles and offtake agreements.
2. Integrated Energy Storage System Sales: Sale of complete DC block systems (750 LFP DC Block, 1340 NMC DC Block) and storage racks (P1, P2, M1) as modular, scalable solutions for utility-scale, commercial, industrial, and microgrid applications. Revenue is project-based, typically large capital equipment sales with multi-year service contracts.
3. KAMS Software and Asset Management Services: Subscription-based software services (KAMS) with tiered service levels (Foundation, Bronze, Silver, Gold, Platinum) providing monitoring, reporting, support, management, and fleet-level oversight of deployed battery systems. Revenue is recurring subscription with tiered pricing.
4. Deployment and Field Services: Professional services including project planning, installation, system integration, and post-deployment maintenance programs including preventive maintenance and system health checks. Revenue is one-time service engagements bundled with hardware or as standalone service contracts.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

KORE Power manufactures US-made lithium-ion battery cells (K2280 LFP and K155 NMC), modular DC Block energy storage systems (750 LFP and 1340 NMC), and storage racks for utility-scale, commercial, industrial, microgrid, and e-mobility applications. The company sells these integrated battery energy storage systems directly to enterprise customers through direct sales and project-based engagements, complemented by the KAMS (KORE Asset Management System) AI-powered software platform for real-time monitoring and fleet management.

Product overview

KORE Power offers a vertically integrated portfolio of battery energy storage products spanning from individual cells to complete DC Block systems, complemented by proprietary AI-powered asset management software. The product lineup includes two DC Block platforms—the 750 LFP DC Block (750 kWh LFP chemistry) and 1340 NMC DC Block (1.34 MWh NMC chemistry)—each available as modular rack systems (P2 750 LFP, P1 335 NMC, M1 110 NMC) built around proprietary K2280 LFP and K155 NMC cells. All products are supported by KAMS (KORE Asset Management System), a cloud-based monitoring and optimization platform that provides AI-driven insights, real-time control, and fleet management capabilities.

Differentiator

Problem solved

Functional benefit

Brands

• KAMS (KORE Asset Management System): AI-powered asset management and network operation center platform for remote monitoring, management, and optimization of energy storage systems.
• NRI (Northern Reliability)
• KOREPlex
• Nomad Transportable Power Systems

Products and services

• 750 LFP DC Block Modular LFP-based DC block energy storage system with 750 kWh capacity per block, scalable from 750 kWh to 10.5 MWh per string (up to 14 blocks), 375 kW discharge power, 2-4 hour duration, certified to UL 9540, UL 9540A, UL 1973, IEEE 693, IEC 62619, IEC 62477-1. Designed for commercial, industrial, and utility-scale applications.
• 1340 NMC DC Block High energy density NMC-based DC block storage system with 1.34 MWh capacity per block, 1C discharge capability, scalable from 1.34 MWh to 5.3 MWh per string (up to 4 blocks), 1-4 hour discharge duration, with water-based thermal runaway and dry aerosol fire suppression systems. Optimized for space-constrained applications.
• P2 750 LFP Storage Rack LFP-based energy storage rack engineered for the K2280 battery cell, providing 750 kWh capacity with voltage range of 1,176-1,491 Vdc and liquid cooling, integrated with the proprietary KP-MC battery management system. Designed for medium to long duration storage applications. Certified to UL 1973, UL 9540A, UN 38.3, IEEE 693, IEC 62619, IEC 62477-1, RoHS, REACH, UKCA, CE, and TSCA.
• P1 335 NMC Storage Rack NMC-based storage rack system utilizing the K155 battery cell, offering 335 kWh capacity with voltage range of 1,054-1,452 Vdc and air cooling. Designed for high-demand applications including EV charging and grid-scale transmission support.
• M1 110 NMC Storage Rack Compact NMC storage rack designed for lower operational costs with 110 kWh capacity, voltage range of 763-1,181 Vdc, and optimized energy footprint for small-space requirements and microgrid applications.
• K2280 LFP Cell 280 Ah, 896 Wh prismatic LFP battery cell manufactured by KORE Power for medium to long duration storage applications, delivering top-tier 179 Wh/kg energy density in a durable prismatic form factor.
• K155 NMC Cell 55 Ah, 205 Wh pouch-type NMC battery cell engineered for optimal space efficiency and high energy density (255 Wh/kg), designed for high-demand applications with compact 0.8 kg weight.
• KORE Asset Management System (KAMS) AI-powered remote asset management and network operations center platform providing real-time monitoring, analytics, fleet management, market intelligence, and operational control for battery energy storage systems. Offered in five service tiers (Foundation, Bronze, Silver, Gold, Platinum) with capabilities including Market AI Operations, Real-Time Trending Analytics, Fleet Management, WeatherSense, Document Access, Monitoring Dashboards, and Time of Day Routing. Available on iOS App Store and Google Play.

Quantifiable outcome

• Systems deployed at 968+ MWh capacity across utility, C&I, and microgrid applications
• +3 more outcomes

Named customers10 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature7 records

Partnerships

Nine partnerships are on record, tiered core, major and minor.

• Nidec North AmericacoreStrategic or Co-development Partner · 14 September 2023KORE Power signed a multi-year offtake agreement with Nidec North America to deliver at least 450 MWh and up to 600 MWh of lithium-ion battery cells, modules, and racks in 2024. The agreement included a framework for future collaboration, representing a significant volume commitment for KORE's Vermont manufacturing operations.
• ENTEK Lithium SeparatorscoreStrategic or Co-development Partner · 13 September 2023KORE Power entered a supply agreement with ENTEK Lithium Separators to use ENTEK's lithium separators manufactured in Terre Haute, Indiana for battery cells manufactured at the KOREPlex. This secured a domestic source of critical battery component materials as part of KORE's US supply chain strategy.
• Energy VaultcoreStrategic or Co-development Partner · 9 August 2023KORE Power was selected by Energy Vault to deliver domestically produced batteries starting in 2025 under a major offtake agreement. Energy Vault is a gravity-based energy storage technology company, and the partnership provided KORE with a significant forward volume commitment for its domestic battery production.
• Cordelio PowermajorStrategic or Co-development Partner · 13 April 2023KORE Power signed a 44 MWh procurement agreement with Cordelio Power to build NMC deep-rack solutions for energy storage projects at its Vermont facility. Cordelio is a renewable energy developer, and this partnership contributed to KORE's growing deployed capacity.
• HoneywellcoreTechnology or Integration · 27 March 2023Honeywell was selected by KORE Power to deploy its end-to-end Battery Manufacturing Excellence Platform (MXP) at the KOREPlex gigafactory in Arizona for integrated automation, process control, and quality management technology. This partnership was intended to ensure high quality and consistency across battery cell production at the planned 6-12 GWh facility.
• Vermont Electric Power (VELCO)majorStrategic or Co-development PartnerKORE Power partnered with VELCO (Vermont Electric Power Company) to design and deploy an energy storage system at VELCO's headquarters. The system allows the facility to draw power during high-priced peak demand periods while supporting electric-grid stability. KORE's NOC continuously monitors the system through a secured SCADA connection.
• CS EnergyminorStrategic or Co-development PartnerKORE Power partnered with CS Energy alongside Scenic Hill Solar to construct a solar + storage microgrid for Producers Rice Mill in Arkansas, demonstrating KORE's ability to serve as part of integrated renewable energy project teams.
• Scenic Hill SolarminorStrategic or Co-development PartnerKORE Power partnered with Scenic Hill Solar alongside CS Energy to construct a solar + storage microgrid for Producers Rice Mill in Arkansas, demonstrating KORE's role in integrated renewable energy deployments.
• T1 EnergycoreStrategic or Co-development PartnerT1 Energy (formerly FREYR Battery, NYSE:TE) entered a definitive agreement to acquire KORE Power for approximately $32 million in equity, cash, and assumed debt, with an additional potential earn-out of up to $9.6 million tied to fiscal 2026 and 2027 performance. The acquisition centers on KORE's NRI (Northern Reliability) division, a utility-scale BESS integrator with ~1,100 deployed projects. The deal was expected to close Q2 2026.

Scale indicators8 records

Recent moves8 records

Expansion highlights5 records

Broad incumbents

• EnerSys: EnerSys is an industrial battery manufacturer with a growing presence in lithium-ion energy storage for grid and C&I applications, plus asset management software. It overlaps with KORE's cell-to-system storage offering and serves similar backup and resilience use cases.
• Saft (TotalEnergies): Saft designs and manufactures advanced battery systems (including lithium-ion) for energy storage, industrial, and grid applications. It is comparable to KORE as a vertically integrated stationary storage provider with global project execution and software capability.
• BYD Energy Storage: BYD manufactures LFP battery cells, modules, and complete BESS solutions (BatteryBox, C&I and utility-scale) globally. It competes with KORE on both cells and integrated systems, with significant cost advantage from vertical integration in China.
• LG Energy Solution: LG Energy Solution is a global lithium-ion battery cell and pack manufacturer with utility-scale BESS offerings and a growing US manufacturing footprint. It is comparable as a vertically integrated cell-to-system supplier targeting IRA-qualifying storage projects.
• Tesla (Tesla Energy): Tesla's Energy business produces Megapack utility-scale LFP storage, Powerwall for C&I, and Autobidder software. It competes head-to-head with KORE in US utility procurements and sets a price/performance benchmark against which KORE's DC Blocks must win.
• Wartsila Energy Storage: Wartsila's GridSolv Quantum is a grid-scale BESS platform with GEMS Digital Energy Platform software. As an established industrial player, it overlaps with KORE in utility-scale storage procurement and brings broader balance-sheet and EPC capability.

Direct peers

• Powin Energy: Powin is a US-based BESS integrator offering Centipede and StackOS-based energy storage systems for utility-scale and C&I customers. It competes with KORE in the same modular DC-block architecture category and shares many of the same utility and IPP customers.
• Stem Inc. Stem provides AI-powered energy storage and asset management software (Athena platform) integrated with third-party BESS hardware for C&I and utility customers. Stem is directly comparable to KORE's KAMS software offering and overlaps in target segments.
• Fluence Energy: Fluence is a US-headquartered BESS integrator offering modular storage systems (Gridstack, Sunstack) and the Fluence Mosaic OS software platform. It is the closest direct competitor to KORE's DC Block + KAMS combination, serving the same utility and C&I customers with project-based sales and recurring software.

Emerging players

• Eos Energy Enterprises: Eos manufactures zinc-based battery storage systems for utility and C&I customers. It competes with KORE in long-duration stationary storage and targets similar IRA-eligible, domestically manufactured storage demand.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/korepower
• Xx.com/kore_power

Compliance16 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries1 record

Funding overview

Funding rounds3 records

Investors7 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about KORE Power