T1 Energy Inc. Announces Acquisition of KORE Power, Inc.

Summary

On June 2, 2026, T1 Energy Inc. announced the acquisition of KORE Power, Inc., a provider of engineering-focused BESS and software solutions, for approximately $32 million in equity, cash, and assumed debt. The transaction includes a potential earn-out of up to $15.1 million based on performance metrics and receivables. The acquisition is expected to close in the second quarter of 2026, subject to customary conditions.