October 11, 2023
Siemens announced recently that KORE Power, Inc., a U.S.-based developer of battery cell technology for the clean energy and e-mobility industries, has selected advanced manufacturing software and hardware from the Siemens Xcelerator open business platform for the KOREPlex.
This new 1,330,000-square-foot advanced manufacturing facility in Arizona will use multiple production lines to produce batteries for electric vehicles (EV) and energy storage systems.
As a global supplier in industrial automation and software, Siemens will provide a range of technology from Siemens Xcelerator including an end-to-end suite of digitalization and automation solutions that will help digitally transform KORE Power’s entire design and manufacturing process. From production design to planning and simulation, Siemens is helping companies of all sizes simulate and automate the production process to deliver efficiency and safety.
The collaboration between Siemens and KORE Power underscores both companies’ commitment to driving innovation, operational excellence, and sustainability in the energy sector. With the selection of Siemens Xcelerator to power the KOREPlex, the facility is expected to become a frontrunner for advanced manufacturing and set a new benchmark for the industry while bringing battery production closer to customers and consumers in the United States.
“We’re thrilled to see KORE Power harness the transformative capabilities of Siemens’ Xcelerator for their state-of-the-art KOREPlex gigafactory in Arizona,” said Barbara Humpton, President and CEO of Siemens USA. “This collaboration exemplifies our shared commitment to driving innovation, enhancing energy storage solutions, and reshaping the future of sustainable manufacturing. At Siemens, we remain steadfast in our mission to empower industry leaders like KORE Power to achieve new heights in efficiency and digitalization.”
“Siemens’ hardware and software will allow the KOREPlex to increase productivity and efficiency while reducing waste,” said Lindsay Gorrill, CEO and Founder of KORE Power. “It also means the KOREPlex team that makes our cells and builds our batteries will use best-in-class advanced manufacturing technology.” In addition to automation technology, Siemens provides electrical infrastructure and energy management solutions to the KOREPlex that automate and digitalize building operations, ensuring the future gigafactory is intelligent from the inside out. Late last year, the companies announced that Siemens Financial Services was the lead investor in KORE’s Series A funding round.
KORE Power, Inc. (KORE) recently received a conditional commitment from the U.S. Department of Energy’s Loan Programs Office (LPO) for a loan in the principal amount of $850 million under the Advanced Technology Vehicles Manufacturing (ATVM) Loan Program. This loan will be used to fund the construction of the KOREPlex.