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Phoenix & Southwest  + Phoenix  + Industrial  | 
KORE using $1B US loan to build battery plant in Buckeye

Battery-Maker KORE Receives $850M Federal Loan for Phoenix Plant

The US Department of Energy Advanced Technology Vehicles Manufacturing program will provide the funds that will be put toward the construction of KORE Power’s battery cell manufacturing facility, called KOREPlex. The facility, off Baseline Road in Buckeye, will total 1.3 million square feet. The first phase will represent an investment of more than $1 billion and produce 6 gigawatt-hours of high-density cells to support electric vehicles and energy storage systems in the U.S. using nickel, manganese, cobalt and lithium-ion iron phosphate. 

KOREPlex is expected to start production by the end of 2024 or early 2025 and could eventually expand to 2 million square feet and 18 gigawatt-hours annually as demand for product increases. 

The first phase of the project will employ about 1,250 people and could expand to 3,000 as the facility grows. Buckeye is 40 minutes west of Phoenix.


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About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

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