Nomad Transportable Power Systems First with Utility-Scale Mobile Battery Storage Solution, Sells U.S.-built NOMAD Traveler to Green Mountain Power

Nomad Transportable Power Systems ("NOMAD"), a company founded by U.S.-based battery manufacturer KORE Power, has sold the industry's first mobile energy storage unit to Green Mountain Power (GMP) in Vermont. The sale makes NOMAD first-to-market with a utility-scale transportable power solution, which was designed and built in Vermont and will deliver benefits for GMP customers.

NOMAD's power systems can do everything fixed energy storage can do ? like boosting reliability and making renewable energy dispatchable ? while also providing mobility. They meet any application or project's energy needs by bringing power where and when it's needed most. Then, unlike a fixed storage asset, NOMAD's systems can be re-deployed to meet other needs. NOMAD's systems bring tremendous value to disaster recovery, on-demand grid support, and off-grid power applications.

Mari McClure, president and CEO of Green Mountain Power, said the Traveler offers a variety of applications and provides another important innovation to join GMP's fleet of storage, increasing resilience and reliability, while lowering costs for customers.

"Green Mountain Power is bringing technologies to all of our customers that cut carbon and costs, and keep Vermonters powered up," McClure said. "Mobile storage paired with our generation will allow us to power our NOMAD ? which packs 2.0 MWh of capacity ? with clean energy and deploy that power wherever it is needed."

Jay Bellows, CEO of NOMAD, said transportable utility-scale storage is a gamechanger. "Our products are mobile, so they can deliver power in a range of applications and speed that stationary energy storage systems can't match. Our team identified a need in the market, and using American innovation and New England ingenuity, we've been able to deliver a product that will bring benefits across the nation," he said.

About Nomad Transportable Power Systems Inc.

Nomad Transportable Power Systems, Inc. ("NOMAD"), is a Delaware-based company formed by KORE Power in 2020 to provide the energy industry with a standardized mobile energy storage platform. NOMAD is the first entrant into the mobile lithium-ion energy storage space and combines its patent-pending, over-the-road storage units with a standardized docking platform capable of interconnection with any distribution or transmission utility. The NOMAD system was designed from the onset to provide its customers all the benefits of fixed site energy storage, while eliminating both the capital commitments and long-term obligations that traditional energy storage requires.