T1 Energy Buys KORE Power to Cash in on the AI Power Boom

T1 Energy buys KORE Power to cash in on the AI power boom

T1 Energy (FKA Freyr) is buying KORE Power in a $32 million deal to expand into battery storage and AI data center infrastructure.

T1 Energy enters battery and data center infrastructure markets with acquisition of KORE Power

Texas-based solar manufacturer T1 Energy has entered into a definitive agreement to acquire KORE Power, an engineering-focused battery energy storage systems (BESS) and software solutions provider, for an enterprise value of approximately $32 million. The transaction, consisting of equity, cash, and the assumption of debt, is expected to close in the second quarter of 2026. The agreement also includes an additional equity-based earn-out of up to…