June 4, 2026
Announced 3 June, the purchase enterprise value consists of approximately US$32 million of equity, cash, and assumption of debt at anticipated closing in Q2 2026. Image: T1 Energy
US solar manufacturer T1 Energy has entered into a definitive agreement to acquire vertically integrated battery energy storage system (BESS) company KORE Power.
Announced 3 June, the purchase enterprise value consists of approximately US$32 million of equity, cash, and assumption of debt at anticipated closing in Q2 2026.
The deal is expected to give T1 access to energy storage and AI data centre infrastructure markets by expanding its potential customer base for solar and storage products. The acquisition focuses on KORE’s NRI division, which specialises in the design, delivery, installation, and operation of utility-scale BESS.
