trending Market Intelligence /marketintelligence/en/news-insights/trending/NWo7ygL7EIJ_fGSMFYMw6Q2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Idaho company to build battery manufacturing plant in US

Q2: U.S. Solar and Wind Power by the Numbers

Essential Energy Insights - September 17, 2020

Essential Energy Insights September 2020

Rate case activity slips, COVID-19 proceedings remain at the forefront in August


Idaho company to build battery manufacturing plant in US

KORE Power, a developer of energy storage systems, on Oct. 22 announced intentions to build a lithium-ion battery manufacturing plant in the U.S.

The Coeur d'Alene, Idaho-headquartered company did not disclose a location for its proposed 1 million-square-foot facility to produce its Mark 1 Energy Storage System. The company said it is "reviewing specific potential sites in a handful of states within the U.S. as part of its process to select the best location for the construction of its manufacturing plant." The company added it has narrowed the search to sites with "broad access to labor and logistics hubs."

The plant will have 10 GWh of manufacturing capacity, the company said, and create 2,000 new jobs in production, shipping, logistics and customer service. Its lithium-ion storage systems will serve demand for energy storage peaker plants, storage for solar and wind plants, microgrids, behind-the-meter storage, mining and military applications.

The plant will use the same assembly lines as its production plant in Jiaozuo, China, owned Do Fluoride Chemicals, which KORE Power calls its manufacturing partner. KORE Power said the plant in China will have 6 GWh of battery production capacity as of late first quarter 2020.

KORE Power CEO Lindsay Gorrill said in a news release that the proposed U.S. plant is a part of its strategy to increase its capacity supply in North American markets as well as grow its international presence. The U.S. "desperately needs" such a production facility, he said.

KORE joins other lithium-ion manufacturers that have been pumping billions into new manufacturing facilities in the U.S. amid a global battery boom.