KORE Power names Texas one of three finalists for new factory

[Neil Narayan]

The company said it is deciding between Florida, Texas and Arizona for a proposed 1-million-square-foot factory that would employ at least 3,000 people. KORE Power, which was founded in 2018, said this would be the first lithium-ion battery manufacturing facility owned by a U.S. company.

In addition to the 3,000 would-be KORE Power employees, the company estimated that the new plant would bring an additional 10,000 direct and indirect jobs to the selected region.

Meanwhile, electric vehicle maker Tesla Inc., which uses lithium-ion batteries in its cars, has a $1.1 billion factory rising just east of Austin. The company has signaled in public filings it intends to produce batteries at the site. Lithium-ion technology has a solid history in Austin: John Goodenough, a University of Texas at Austin professor, won the 2019 Nobel Prize in Chemistry for his invention of lithium-ion batteries. EnergyX, a technology company that focuses on lithium extraction, is hiring for its Austin office.

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