T1 Energy Acquires KORE Power for $32M to Expand Battery Storage

T1 Energy acquires KORE Power for $32 million to enter battery storage and AI data center markets. The deal includes KORE Power's NRI division, which has completed 1,100 battery storage projects and served U.S. government and utility clients for over 50 years. T1 plans to rename KORE Power as T1 NRI and expects the acquisition to generate positive EBITDA in 2026. The combined company will offer integrated solar, storage, and operations services to customers.