Kore Power is a step closer to building a 12GWh lithium-ion battery gigafactory after finalising the purchase of 214 acres in Arizona, US.
The US-based firm plans to begin construction of its KOREPlex in Buckeye this summer, with the company expecting the facility to be fully operational in 2024 to aid the US’ crisis hit lithium-ion battery supply chain.
Lindsay Gorrill, the CEO and founder of Kore Power, said “With the land secured, we can now move forward with our schedule to begin construction later this year and keep us on track to provide US-made lithium-ion cells to EV and storage solution providers.”
Kore has doubled the original planned size of the plant to two million square foot, which will be powered by on-site solar and storage.
Kore first announced it was to build the facility in Arizona last August after choosing the state over Florida and Texas.
Kore said at the time it had chosen the Arizona site as it offered proximity to complimentary industries such as e-mobility, solar, semiconductor, and utilities, workforce and logistics capacity, and a pro-business tax and regulatory environment.
Sustainable valley battery plans
The City of Buckeye is developing a “Sustainable Valley”, which aims to create a full ecosystem for US-made energy storage and electric vehicle products, that capture the entire lifecycle of components.
City officials are working to attract other energy industry supply chain companies, end-users, and recycling companies to the community.
Kore is working with universities in the area and research teams to ensure the next generation of battery technologies are launched in the Valley.
The 12GWh KOREPlex facility will add to the company’s annual production capacity of 2GWh.