T1 Energy acquires battery storage firm KORE Power for $32M with stock-heavy deal structure

Filed June 8, 2026 · Period ending June 2, 2026 · ~1 min read

Key Changes

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  T1 Energy signed definitive agreement to acquire KORE Power, a battery energy storage systems and software provider, for approximately $32 million enterprise value including equity, cash, and assumed debt. Closing expected in Q2 2026.

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  Approximately $9.6 million of closing consideration will be paid in T1 Energy common stock, with potential for up to $15.1 million in additional stock-based earn-outs through 2027 if performance targets are met and certain receivables collected.

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  Share count for all stock payments will be determined using 10-day volume-weighted average price before each issuance, meaning actual dilution depends on future stock price and could vary significantly from current levels.

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