An $850 million loan from the energy department to support KORE Power's battery plant in Buckeye never came. The company has ...

The company reportedly never received taxpayer funds to move forward with the project and leadership changes are underway.

Arizona and Buckeye officials had lauded the KORE Power project, which was projected to bring about 3,000 jobs to the ...

Called KORE Power Inc., the Coeur d’Alene, Idaho-based battery cell developer was aiming to build what it said would be the ...

KORE Power is bailing on its plans for a $1.2 billion lithium-ion battery gigafactory in Arizona and the company’s founder ...

In another update, the Coeur d'Alene, Idaho-based company's founder and CEO of seven years, Lindsay Gorrill, has also ...

KORE Power has scrapped plans for its $1 billion lithium-ion battery factory in Buckeye, Arizona, and its CEO and founder has ...

In the summer of 2023, KORE Power received a conditional commitment for an $850 million loan from the U.S. Department of Energy to help build the company’s massive battery plant in Buckeye.

KORE Power will not move forward with its planned $1 billion lithium-ion battery plant in Buckeye. The company cited restructuring and a focus on long-term success as reasons for abandoning the ...

As excitement built for green tech in the U.S. over the past decade, a multitude of projects popped up to take advantage of the government's mission to accelerate the industry, including KORE ...