The company currently has projects serving wholesale energy markets and industrial microgrids. It also provides its own software and management services for stationary storage customers, which are underpinned in part by its acquisition last year of the energy-storage-system integrator and developer Northern Reliability Inc. (Bellows was formerly CEO and president of NRI; he took on the president role at Kore after the acquisition.)
Kore, which raised the first $75 million of a planned $150 million investment round last year, is also seeking to ink battery supply agreements with a number of as-yet-unnamed EV manufacturers, which could be announced “in the next few months,” Bellows said.
This sounds great! Battery technology is incredibly important as we attempt to decarbonize our energy needs.
I wonder if they will just manufacture Lithium Ion or if they will branch out to other technologies as well.
