NOMAD Transportable Power Systems

NOMAD Transportable Power Systems was formed by KORE Power 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. 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.

The Flex Fund’s original investment and exercise of warrants in Northern Reliability, Inc., now KORE Power, provided an opportunity to hold equity in NOMAD in 2021.