KORE Power Nets $850M Federal Loan for Arizona Facility
Rendering a KOREPlex project. Image credit: KORE Power Kore power has received a conditional commitment of $850 million from U.S. Department of Energy Supporting the construction of a battery factory in Arizona. The funding will be provided by the Department of Energy’s Office of Loan Programs and will support the construction of the KOREPlex advanced […]
KORE Power battery factory in Arizona gets $850M federal loan to build
The company that will operate the advanced battery plant slated for Buckeye has received a conditional commitment to an $850 million federal loan to build the facility. The U.S. Department of Energy financing will support KORE Power’s 1.33 million square foot facility to manufacture batteries for electric vehicles and trucks, as well as energy storage […]
