KORE Power Acquired by T1 Energy | Energy M&A Deal

T1 Energy has completed the acquisition of KORE Power, a energy services other business in Texas, for $32 million. T1 Energy acquires KORE Power to expand into battery energy storage systems (BESS) and software solutions for industrial hyperscaler development, with KORE’s NRI division focused on designing, delivering, installing and operating utility-scale storage. KORE Power’s NRI team has deployed about 1,100 BESS projects worldwide and supports U.S. Government, national labs, utilities, and developers, with controls and software development performed domestically. The T1 Energy acquisitions are structured as an add on acquisition and strategic acquisition, with an enterprise value of approximately $32 million of equity, cash, and assumed debt, expected to close in Q2 2026 and rebrand KORE Power as T1 NRI.