T1 Energy to Acquire KORE Power to Expand Battery Storage and AI Data Center Infrastructure
June 5, 2026
T1 Energy has entered into a definitive agreement to acquire KORE Power in an approximately $32 million enterprise value deal, expected to close in Q2 2026. The acquisition strengthens T1 Energy’s position in utility-scale battery energy storage systems (BESS) and provides its NRI division’s engineering, deployment, and U.S.-based software/controls capabilities.
- Buyers
- T1 Energy
- Targets
- KORE Power
- Sellers
- KORE Power shareholders (including shareholders representing a majority of shares supporting the transaction)
- Industry
- Energy
- Location
- Texas, United States
- Transaction Type
- Buyout
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