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June 24, 2024
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LPO Announces $850M Conditional Loan for Ariz. Battery Cell Plant
KORE Power Facility Will Produce 6 GWh of Batteries/Year as U.S. Cuts Dependence on China
Computer-generated image of the 1.3 million sq. ft. KOREPlex battery plant that KORE Power is building in Buckeye, Ariz., near Phoenix. The facility will produce battery cells for electric vehicles and standalone storage.
Computer-generated image of the 1.3 million sq. ft. KOREPlex battery plant that KORE Power is building in Buckeye, Ariz., near Phoenix. The facility will produce battery cells for electric vehicles and standalone storage. | KORE Power
DOE conditionally approved an $850 million loan for KORE Power's battery cell plant under construction in Arizona, which will power up to 28,000 EVs annually.
Department of EnergyEmployment & Economic ImpactLight-duty vehicles