T1 Energy to acquire battery storage company KORE Power for $32M

T1 Energy (a rebrand of FREYR) announced an agreement to acquire battery energy storage system company KORE Power for $32 million in equity, cash and assumed debt, with KORE's NRI installation division as the strategic centerpiece; the deal is outside the home-services trades roll-up scope (battery/solar energy storage).

“T1 Energy announced it has entered an agreement to acquire KORE Power, a battery energy storage system company, for $32 million of equity, cash and assumption of debt. The transaction is anticipated to close by the end of this month.”

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