KORE Power names COO
Michael Canada
COEUR d'ALENE — KORE Power Inc. has named industry veteran Michael Canada the company’s Chief Operating Officer.
With headquarters in Coeur d'Alene, KORE Power is a developer of lithium-ion battery cells and manufacturer of integrated solutions for e-mobility and energy storage systems
ImageCanada, which has extensive experience scaling and commercializing energy storage and lithium-ion battery products for companies including Altairnano, EnerDel and Sion Power Corporation, will oversee the completion of the KOREPlex in Buckeye, Ariz., and the launch of operations at the facility.
“Mike knows the lithium-ion battery storage industry from the ground up and has improved processes and profitability throughout his career,” said Lindsay Gorrill, KORE’s founder and CEO. “As we enter a period of rapid growth, his leadership and experience in building businesses and scaling energy storage will be a tremendous asset to KORE’s team.”
Canada began his career with DaimlerChrysler before moving to the energy storage industry in 2011. Throughout his career, he has helped streamline costs and improve profitability while developing successful growth strategies for companies in the rapidly evolving energy storage sector.
“KORE Power is in a remarkable position with a solid customer base, strong financial backing, a growing product line, and an American gigafactory that is under construction and will soon start production of critical energy storage and e-mobility batteries and products,” Canada said. “The success of the KOREPlex will allow KORE to deploy American innovation. I am excited to join a great team of leaders with intentional conviction of commercializing, scaling and winning in decarbonization.”
In June, KORE received a conditional loan commitment for $850 million from the U.S. Department of Energy’s Loan Programs Office for the KOREPlex to fund the first 6 GWh line at the 1,330,000 square-foot-facility. When fully operational the facility will have multiple production lines and will produce cells using nickel manganese cobalt (NMC) and lithium iron phosphate (LFP) chemistries. The facility is expected to create 1,250 direct jobs when operating at capacity.
