What is the latest status of the project “Koreplex Battery Plant”?

The status recorded for “Koreplex Battery Plant” is Cancelled.

What is the budget and commercial profile for the project “Koreplex Battery Plant”?

Taiyo normalizes the budget of “Koreplex Battery Plant” to USD 1250000000.

Where can I verify the source and access all details for “Koreplex Battery Plant”?

This Taiyo project page references Construction Dive along with the original URL (https://www.constructiondive.com/news/kore-power-nixes-plans-for-1-25-billion-battery-cell-plant-buckeye-arizona/739529/). Taiyo standardizes official data into a consistent, searchable project profile.

Koreplex Battery Plant

Sector: Commercial • Location: Buckeye, Arizona, United States

Source: Construction Dive

Project

Cancelled

Kore Power has shelved its plans to build a $1.25 billion battery plant in Buckeye, Arizona, which was intended to produce lithium-ion technology for the transportation and energy storage sectors. The project was expected to create 3,000 jobs in the Phoenix Metropolitan area but will not move forward due to a lack of funding and leadership changes within the company.

Status: Failure
Sector: Commercial, Energy Storage, Manufacturing (Industrial), Power Generation (CCGT)
Location: Buckeye, Arizona, United States of America
Updated: 22 Jul 2026
Source: Construction Dive

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Project Information

4 Q

The project “Koreplex Battery Plant” is an infrastructure initiative in the Commercial sector, located in Buckeye, Arizona, United States. Taiyo aggregates data on it from Construction Dive.

Participants

Not available for this record.

Status

Original status	Cancelled
Taiyo status	Failure
Taiyo last update	2026-07-22

Contact

Not available for this record.

Description

Description	Kore Power has shelved its plans to build a $1.25 billion battery plant in Buckeye, Arizona, which was intended to produce lithium-ion technology for the transportation and energy storage sectors. The project was expected to create 3,000 jobs in the Phoenix Metropolitan area but will not move forward due to a lack of funding and leadership changes within the company.
Original sector	Manufacturing
Budget

Location

Country	United States of America (USA)
State	Arizona
City	Buckeye

Source

Source	Construction Dive
URL

More Details

Record type	Project
Sector	Commercial, Energy Storage, Manufacturing (Industrial), Power Generation (CCGT)
Article published date	2025-02-14

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Koreplex Battery Plant

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