March 31, 2022: US-based battery cell tech company KORE Power said on March 23 it had acquired energy storage company Northern Reliability) for an undisclosed sum — and had launched a new division called KORE Solutions.
KORE chief executive Lindsay Gorrill said the new unit would combine NR’s decades of storage engineering and product development expertise with KORE Power’s battery cell capabilities.
“KORE Solutions was formed to tackle global challenges, and with NR’s engineering and problem-solving capacity, we’ll develop better products and services across the energy storage sector,” Gorrill said.
Gorrill also highlighted NR’s experience in deploying more than 1,000 energy storage projects to some of the most inhospitable locations on the planet, from remote islands to Antarctica.
Jay Bellows, formerly president and CEO of NR, becomes president of KORE Power.
Last year, KORE Power, which also designs energy storage systems, announced plans to build the ‘KOREPlex’ — a 1,000,000 square foot manufacturing facility in Buckeye, Arizona, supporting up to 12GWh of lithium-ion battery cells production. That project is on track to break ground later this year.
Photo: Lucas Comstock (right) and Nick Meerburg work on an energy storage unit in NR’s Vermont workshop.