US to Loan $850 Million for KORE Power’s Battery Manufacturing Unit

The fund will enable KORE to construct a 6 GWh advanced battery cell manufacturing facility

June 13, 2023

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KORE Power (KORE), a battery cell developer, has secured a conditional commitment from the U.S. Department of Energy’s Loan Programs Office (LPO) for an $850 million loan under the Advanced Technology Vehicles Manufacturing (ATVM) Loan Program.

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Gautamee Hazarika

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US to Loan $850 Million for KORE Power’s Battery Manufacturing Unit

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