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KORE Power
Leading developer of battery cell technology, delivering innovative energy storage and e-mobility solutions worldwide
About KORE Power
KORE Power is a leading US-based developer of battery cell technology, primarily serving the clean energy industries. The company operates in the renewable energy market, providing secure and scalable solutions to its clients. KORE Power's business model is centered on the development, production, and sale of proprietary tier 1 battery cells, which are used in various clean energy applications.
The company prides itself on its dedicated customer service, ensuring that projects are completed on time and to the highest standards of quality, safety, and reliability. This is achieved through significant investment in research and development (R&D), which allows KORE Power to continually improve its products and meet the evolving needs of its customers.
KORE Power also plans to construct a 12 GWh battery cell manufacturing facility in the U.S., which will further enhance its production capabilities and allow it to better serve its customers. The company generates revenue through the sale of its battery cells to clients in the clean energy industries.
In simple terms, KORE Power creates and sells high-quality battery cells for use in renewable energy projects. They focus on providing excellent customer service and continually improving their products through research and development. They make money by selling these battery cells to companies in the clean energy sector.
Source: Dealroom company dataAt a glance
- Status
- Acquired
- Founded
- 2018
- Headquarters
- St. John's, Canada
- Employees
- 77
- Open positions
- None listed
- Dealroom signal
- 65.4/100
- Industry
- Energy, Transportation
- Sub-industry
- Energy Storage, Vehicle Production
- Sector
- Transportation, Sustainable Development Goals, EV Battery Production, EV Battery, Climate Tech, Stationary Energy Storage, Electric Mobility, Hard Tech
- Technology
- Hardware
- Business model
- Manufacturing
- Client focus
- b2b
- Investment activity
- 1 company
- Capital deployed
- —
- Preferred round
- Unknown
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| ACQUISITIONOther financing | Jun 2026 | $0 | — | T1 Energy | ↗ |
| DEBTDebt | Jun 2023 | $850M | — | US Department of Energy | ↗ |
Growth signals
Latest recorded traffic for KORE Power is 2.5K monthly website visits, down 10.7% over the last three months. KORE Power's team declined 1.3% over the past year.
Similar companies
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series B and later6 investors entered at this stage
Siemens Financial Services
Nidec Motor
Quanta Services
Honeywell Ventures- TCTrog Hawley Capital
US Department of Energy
Other known investors1 additional known investor
T1 Energy
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about KORE Power on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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