{"id":1004585611,"date":"2022-06-13T03:13:33","date_gmt":"2022-06-13T11:13:33","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004585611"},"modified":"2022-12-09T02:46:53","modified_gmt":"2022-12-09T10:46:53","slug":"1-25b-battery-gigafactory-set-to-rise-near-phoenix","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/1-25b-battery-gigafactory-set-to-rise-near-phoenix\/","title":{"rendered":"$1.25B Battery Gigafactory Set to Rise Near Phoenix"},"content":{"rendered":"
\"\"<\/a>

Rendering courtesy of KORE Power<\/p><\/div>\n

KORE Power<\/strong>, the Coeur d’Alene, Idaho\u2013based maker of high-tech batteries, will break ground this fall on KOREPlex, its planned $1.25 billion gigafactory in Buckeye, Ariz., a KORE Power spokesperson confirmed to Commercial Property Executive<\/em>.<\/p>\n

The purchase of the 214-acre site, situated 40 miles from Phoenix, for $29 million was first announced<\/a> last August.<\/p>\n

At that time, KORE Power had planned to build a 1-million-square-foot plant, but the company recently changed its plans to double the facility\u2019s size to 2 million square feet, the Phoenix Business Journal reported.<\/p>\n

At this larger size, the factory will be able to produce 12 GWH of lithium-ion battery cells each year, KORE Power stated. In other words, the company said the facility will have the capacity to produce enough batteries to power 3.2 million homes each year.<\/p>\n

The facility is expected to be fully operational in 2024.<\/p>\n

Further, KOREPlex reportedly will be the world\u2019s first net-zero gigafactory, through the use of on-site solar and eventually energy storage.<\/p>\n

Yates Construction<\/strong> is the lead contractor, and SSOE Group<\/strong> is the architect.<\/p>\n

Batteries, EVs and more<\/h2>\n

In recent months, the Arizona Commerce Authority has highlighted several large projects in the state that are connected to battery makers, electric vehicle manufacturers and related businesses. In April, for example, LG <\/strong>Energy Solution announced plans to develop a $1.4 billion battery factory in Queen Creek, Ariz., to build cylindrical batteries of a type used in EVs.<\/p>\n

One of the unresolved issues with the proliferation of EVs has been the cost-effective recycling of their lithium-ion batteries. In May, Li-Cycle Corp. began operations at its recycling facility in Gilbert, Ariz., according to the Arizona Commerce Authority.<\/p>\n

Last August, Pacific Gas and Electric Co. and Tesla started construction<\/a> on a massive utility-scale lithium-ion battery storage system in Monterey County, Calif. Once operational, the facility reportedly will be one of the world\u2019s largest utility-owned, lithium-ion energy storage systems.<\/p>\n","protected":false},"excerpt":{"rendered":"

KORE Power’s facility doubled in size during its planning stages. <\/p>\n","protected":false},"author":882,"featured_media":1004585615,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,22251,21748,21742,1601],"tags":[],"class_list":["post-1004585611","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-in-focus","category-industrial","category-latest","category-phoenix"],"acf":[],"yoast_head":"\n$1.25B Battery Gigafactory Set to Rise Near Phoenix - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/1-25b-battery-gigafactory-set-to-rise-near-phoenix\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"$1.25B Battery Gigafactory Set to Rise Near Phoenix\" \/>\n<meta property=\"og:description\" content=\"KORE Power's facility doubled in size during its planning stages.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/1-25b-battery-gigafactory-set-to-rise-near-phoenix\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2022-06-13T11:13:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T10:46:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/KORE-Complex.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"809\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/1-25b-battery-gigafactory-set-to-rise-near-phoenix\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/1-25b-battery-gigafactory-set-to-rise-near-phoenix\/\",\"name\":\"$1.25B Battery Gigafactory Set to Rise Near Phoenix - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/1-25b-battery-gigafactory-set-to-rise-near-phoenix\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/1-25b-battery-gigafactory-set-to-rise-near-phoenix\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/KORE-Complex.jpg\",\"datePublished\":\"2022-06-13T11:13:33+00:00\",\"dateModified\":\"2022-12-09T10:46:53+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/1-25b-battery-gigafactory-set-to-rise-near-phoenix\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/1-25b-battery-gigafactory-set-to-rise-near-phoenix\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/1-25b-battery-gigafactory-set-to-rise-near-phoenix\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/KORE-Complex.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/KORE-Complex.jpg\",\"width\":809,\"height\":620,\"caption\":\"Rendering provided by KORE Power\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/1-25b-battery-gigafactory-set-to-rise-near-phoenix\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"$1.25B Battery Gigafactory Set to Rise Near Phoenix\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555\",\"name\":\"Scott Baltic\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96\",\"caption\":\"Scott Baltic\"},\"description\":\"Scott Baltic has been a contributing editor with Commercial Property Executive since 2011 and also wrote for its predecessor, Commercial Property News. He started writing about CRE in 1988 for a group of Chicago-based publications and in 1989 became the editor of Midwest Real Estate News. After moving on from there in 1991, Baltic continued writing occasionally about real estate, for publications like the Chicago Sun-Times, National Real Estate Investor, Urban Land, Shopping Center World and Architect\u2019s Newspaper. He earned a master\u2019s in journalism from Northwestern University\u2019s Medill School of Journalism and has a bachelor\u2019s from North Park University.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/scott-baltic\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"$1.25B Battery Gigafactory Set to Rise Near Phoenix - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/1-25b-battery-gigafactory-set-to-rise-near-phoenix\/","og_locale":"en_US","og_type":"article","og_title":"$1.25B Battery Gigafactory Set to Rise Near Phoenix","og_description":"KORE Power's facility doubled in size during its planning stages.","og_url":"https:\/\/www.commercialsearch.com\/news\/1-25b-battery-gigafactory-set-to-rise-near-phoenix\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2022-06-13T11:13:33+00:00","article_modified_time":"2022-12-09T10:46:53+00:00","og_image":[{"width":809,"height":620,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/KORE-Complex.jpg","type":"image\/jpeg"}],"author":"Scott Baltic","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/1-25b-battery-gigafactory-set-to-rise-near-phoenix\/","url":"https:\/\/www.commercialsearch.com\/news\/1-25b-battery-gigafactory-set-to-rise-near-phoenix\/","name":"$1.25B Battery Gigafactory Set to Rise Near Phoenix - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/1-25b-battery-gigafactory-set-to-rise-near-phoenix\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/1-25b-battery-gigafactory-set-to-rise-near-phoenix\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/KORE-Complex.jpg","datePublished":"2022-06-13T11:13:33+00:00","dateModified":"2022-12-09T10:46:53+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/1-25b-battery-gigafactory-set-to-rise-near-phoenix\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/1-25b-battery-gigafactory-set-to-rise-near-phoenix\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/1-25b-battery-gigafactory-set-to-rise-near-phoenix\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/KORE-Complex.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/KORE-Complex.jpg","width":809,"height":620,"caption":"Rendering provided by KORE Power"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/1-25b-battery-gigafactory-set-to-rise-near-phoenix\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"$1.25B Battery Gigafactory Set to Rise Near Phoenix"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555","name":"Scott Baltic","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96","caption":"Scott Baltic"},"description":"Scott Baltic has been a contributing editor with Commercial Property Executive since 2011 and also wrote for its predecessor, Commercial Property News. He started writing about CRE in 1988 for a group of Chicago-based publications and in 1989 became the editor of Midwest Real Estate News. After moving on from there in 1991, Baltic continued writing occasionally about real estate, for publications like the Chicago Sun-Times, National Real Estate Investor, Urban Land, Shopping Center World and Architect\u2019s Newspaper. He earned a master\u2019s in journalism from Northwestern University\u2019s Medill School of Journalism and has a bachelor\u2019s from North Park University.","url":"https:\/\/www.commercialsearch.com\/news\/author\/scott-baltic\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/KORE-Complex.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004585611","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/882"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004585611"}],"version-history":[{"count":9,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004585611\/revisions"}],"predecessor-version":[{"id":1004585669,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004585611\/revisions\/1004585669"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004585615"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004585611"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004585611"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004585611"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}