KORE Power Acquires Northern Reliability (NRI) and Launches KORE Solutions
March 23, 2022
KORE Power has acquired Northern Reliability (NRI) and launched KORE Solutions, a new division that combines KORE's battery cell manufacturing with NRI's nearly 50 years of energy-storage engineering and project development experience. The deal creates a vertically integrated U.S. energy storage integrator, will add 25 positions in Waterbury, Vermont, and makes NRI's president Jay Bellows President of KORE Power; terms were not disclosed.
- Buyers
- KORE Power, Inc.
- Targets
- Northern Reliability (NRI)
- Industry
- Energy
- Location
- Vermont, United States
- Transaction Type
- Buyout
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