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

T1 Energy has acquired KORE Power, a energy services other business in the United States, for US$32 million. T1 Energy acquisitions focus on battery energy storage systems (BESS) and grid-scale storage, while KORE Power develops and operates lithium-ion BESS projects. The KORE Power acquisition expands T1 Energy’s US energy storage pipeline and supports energy M&A growth in solar-plus-storage and distributed grid applications. The energy services other acquisition is announced as part of T1 Energy’s broader energy M&A strategy, with deal terms positioned around a US$32 million purchase price and an expected closing after regulatory and customary approvals.