KORE Power’s Innovative Research and Development Fuels Sustainable Energy Solutions

KORE Power, Inc., a pioneering force in the clean energy industry, has announced a recent multi-year offtake agreement and collaboration with Nidec North America. This agreement is a testament to their commitment to advancing power technologies and promoting sustainable energy solutions.

Under this groundbreaking agreement, KORE Power is set to deliver between 450 MWh and 600 MWh of cutting-edge lithium-ion battery cells, modules, and racks to Nidec North America in 2024, with the potential to scale up to an impressive 2.2 GWh by 2026. This partnership solidifies KORE’s position as a leading supplier in the energy storage and power conversion systems sector.

The collaboration goes beyond mere supply agreements; it’s a strategic partnership aimed at developing turnkey energy storage systems for both utility-scale and commercial/industrial projects. KORE’s DC Blocks and Nidec’s Power Conversion Systems (PCS) are at the forefront of this innovative venture, promising efficient, durable, and high-density solutions that can seamlessly integrate into challenging electricity grids.

KORE Power is making ambitious strides in lithium-ion battery technology by committing to deliver 450 MWh to 2.2 GWh of battery cells, modules, and racks within the next three years. This aligns perfectly with Nidec’s commitment to supplying 225 MVA to 1,100 MVA of power conversion systems, all to meet the surging demand in North America’s energy storage market.

The significance of this partnership is echoed by Lindsay Gorrill, CEO and Founder of KORE Power, who highlighted the century of combined experience that both companies bring to the table. They are united in their mission to drive energy storage solutions forward for industrial, commercial, and utility-scale customers.

Dominique Llonch, President of Nidec Industrial Solutions, emphasized the importance of addressing the growing demand for energy storage projects and maximizing returns on intermittent energy sources. Together, these companies are poised to deliver innovative solutions that cater to the ever-evolving energy landscape.

Are you developing new technology for an existing application? Did you know your development work could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? Even if your development isn’t successful your work may still qualify for R&D credits (i.e. you don’t need to have a patent to qualify). To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.

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