KORE Power never received federal loan. Now it scrubbed its $1B battery plant in Buckeye
An $850 million loan from the energy department to support KORE Power's battery plant in Buckeye never came. The company has ...
Behind the deal: What the loss of KORE Power means for Buckeye
An $850 million loan for KORE Power's huge Arizona factory was not finalized when the company called it quits.
Construction Dive9h
Kore Power nixes plans for $1.25B battery plant in Arizona
The company reportedly never received taxpayer funds to move forward with the project, and leadership changes are underway.
USA Today6d
KORE Power abandons planned $1B battery plant in Buckeye, cites 'restructuring'
KORE Power will not move forward with its planned ... In 2023, the company secured an $850 million loan from the U.S. Department of Energy under the Biden administration after a two-year ...