News

Rollbacks of clean-energy credits in Trump’s tax bill add to the sector’s challenges as project cancellations rise.
Dozens of planned green factories have been cancelled, with more delayed or downsized due to high costs and slowing demand.
President Donald Trump's tax and policy bill could slow Arizona's clean energy industry, but companies aren't talking.
She highlighted two canceled projects that had received funding ocommitments, the $1.25-billion KORE Power Inc. battery plant in Buckeye, Ariz., and Aspen Aerogels Inc.’s $325-million EV battery ...
What has been canceled Some of the most recent cancellations include the KORE Power battery factory in Arizona. The KOREPlex, as it would have been called, was described as a $1.25 billion ...
Arizona has long prided itself on being a state where businesses can thrive. But lately, we’re seeing more uncertainty about investing here. Kore Power decided earlier this year to cancel its ...
For example, the state has seen the loss of 6,400 jobs projected for KORE Power’s now abandoned battery manufacturing project in Buckeye. Repealing the clean energy tax credits will lead to even more ...
In 2022, during a peak in the Arizona industrial real estate market, Anita Verma-Lallian sold a 214-acre parcel of land in Buckeye, Arizona, to Kore, a battery maker seeking to build a $1.2B plant.
In February, Kore Power abandoned plans for a $1bn battery plant in Buckeye, Arizona’s second-largest city by area, for which it secured a $850mn loan from the Department of Energy in 2023.
Kore Power's $1.25 billion Koreplex facility would have expanded commercial battery cell production and brought 3,000 jobs to Buckeye, Arizona. The company's plans are not moving forward, the ...
That’s the perspective West Valley economic development leaders have taken following the demise of Idaho-based KORE Power’s plans for a $1 billion battery plant in Buckeye.
Kore Power, an Idaho-based startup, said a few weeks ago that it was scrapping plans to build a $1.2 billion battery factory in Buckeye, Arizona.