KORE Power acquires Northern Reliability to become vertically integrated U.S. energy storage provider

handshake-deal

KORE Power has acquired Northern Reliability (NRI) and subsequently launched KORE Solutions, a full-service storage integrator that will operate as a division of the U.S.-based battery manufacturer. NRI has nearly 50 years of experience in energy storage providing end-to-end services. So, with NRI as the basis of KORE Solutions, KORE Power, with its battery manufacturing capabilities, will be a vertically integrated, U.S.-based energy solutions provider.

“Building upon NRI’s five decades of storage engineering and project development expertise, we’re adding KORE Power’s battery cells to create KORE Solutions – creating the market’s first all-in-one source for energy storage solutions here in the U.S.,” said Lindsay Gorrill, Founder and CEO of KORE Power. “KORE Solutions was formed to tackle global challenges, and with Northern Reliability’s engineering and problem-solving capacity, we’ll develop better products and services across the energy storage sector.”

Gorrill said KORE Solutions will operate as a new division within the company. The existing KORE Power team will remain focused on delivering high-quality products to customers in the energy storage and electric transportation sectors. KORE will immediately add 25 positions to its Waterbury, Vermont location.

Jay Bellows, formerly President and CEO of NRI, now becomes President of KORE Power.

“When you partner with KORE Solutions, you partner with an integrated team that is responsible for the supply, manufacturing, deployment, software, system monitoring, operational excellence, and maintenance of complete energy storage systems,” Bellows said. “We bring the supply chain closer to home and make it easy for our customers to deliver on their energy storage targets.”

NRI’s history began in 1974, with the creation of Northern Power Systems, one of the nation’s earliest renewable energy developers. KORE Power and NRI started working together about two years ago on the Nomad Transportable Power project. Gorrill said that project showed the potential of bringing together the manufacturer and the integrator. “Our teams push each other towards innovations that will benefit the entire industry,” he said.

Gorrill touted NRI’s experience successfully deploying more than 1,000 energy storage projects to some of the most inhospitable locations on the planet – from remote islands to Antarctica.

“KORE Solutions brings the full weight of NRI’s expertise and support to optimize our storage technology offerings,” he said. “Full integration of our product line allows us to provide better service, superior performance and safety.”

KORE Power last year announced plans to build the KOREPlex, a one million square foot manufacturing facility in Buckeye, Arizona, the starting point to support up to 12 gigawatt hours (GWh) of battery cell production and ensure a reliable and independent U.S. supply chain for lithium-ion battery cells. That project is on track to break ground in the coming months.

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