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Kore Power Acquires Northern Reliability Inc. (Nri); Announces Launch Of Kore Solutions

PRIVATEMar 23, 2022

Acquiring Company

KORE Power

Acquired Company

NRI

Coeur D'aleneEnergyMobileRenewable EnergySolar

Description

KORE Power, Inc. has acquired Northern Reliability (NRI) and launched KORE Solutions, a full-service storage integrator that will operate as a division of the U.S.-based battery manufacturer, allowing KORE Power to become a vertically integrated energy solutions provider.

Quick answer

KORE Power is acquiring NRI, announced March 23, 2022. KORE Power is based in Coeur D'alene, Idaho, United States.

How much did KORE Power pay for NRI?
The deal value was not disclosed.
What does KORE Power do?
KORE is a leading U.S.-based developer of battery cell technology and integrated solution manufacturer for the energy storage and e-mobility sectors.
Where are KORE Power and NRI based?
KORE Power is based in Coeur D'alene, Idaho, United States.

Source: Fundz verified event record.

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Company Information

Company

KORE Power

Location

1875 N. LAKEWOOD DRIVE

Coeur D'alene, Idaho, United States

About

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 which are the backbone for decarbonization across the globe. As a U.S.-based, integrated provider of cells, batteries and solutions, KORE is uniquely positioned to serve these markets. Groundbreaking for the construction of the KOREPlex is scheduled for the fourth quarter of 2022 with commercial production scheduled for the fourth quarter of 2024. The KOREPlex will have initial annual production capacity of 6 GWh of battery cells, which will be expanded to 12 GWh to meet expected market demand. KORE is headquartered in Coeur d’Alene, Idaho, with operations in Waterbury, Vermont, and Buckeye, Arizona. For more information, visit www.korepower.com.

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Frequently asked

Who acquired NRI?

NRI was acquired by KORE Power, based in Coeur D'alene. The deal was reported on March 23, 2022. KORE is a leading U.S.-based developer of battery cell technology and integrated solution manufacturer for the energy storage and e-mobility sectors. KORE Power is privately held and operates in Energy.

When did KORE Power acquire NRI?

KORE Power's acquisition of NRI was reported on March 23, 2022. KORE Power, Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does NRI do?

Nomura Research Institute (NRI) is a leading think-tank and systems integrator in Japan. It is privately held.

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