Lisbon, 22 October 2025 – Kore Metals today launches as a new European metals company to provide high-purity silicon to Europe’s expanding energy, digital and security sectors. Spun out from Maana Electric and backed by a high seven-digit investment from leading clean tech impact investor InnoEnergy, Kore Metals now plans to quickly scale up its innovative patent pending process technology to meet the growing industrial demand for low carbon footprint, high purity silicon metal.
Building on close to a decade of electrochemical innovation developed by Maana Electric, Kore Metals’s novel manufacturing process makes it possible to produce high-purity metallurgical silicon in Europe using renewable electricity. By adapting infrastructure long used in aluminium smelting, the company uses simple, low-value feedstock to produce high purity silicon metal, achieving strong unit economics and cutting emissions by up to five times compared to conventional processes.
“The launch of Kore Metals marks a milestone in building a competitive European supply chain for high-purity silicon,” says Joost van Oorschot, CEO of Kore Metals. “By uniting Maana Electric’s innovation with InnoEnergy’s strategic ecosystem and resources, we are turning breakthrough science into industrial reality, providing the materials Europe needs for its energy and digital transition.”
Major industrial customers in aluminium, chemicals, and batteries are already testing Kore Metals’ products with positive results. The company is laying the groundwork with potential industrial partners to build a full-scale pilot line in 2027 and to meet growing demand for high-purity silicon metal. Kore Metals operates in Luxembourg and is building new production capabilities to serve industrial partners worldwide.
“Kore Metals exemplifies how Europe can turn technological excellence into industrial leadership,” says Javier Sanz, Renewables Thematic Lead at InnoEnergy. “By re-establishing silicon production and securing a reliable supply of this critical material, the company strengthens Europe’s resilience and competitiveness across clean-energy value chains. That’s precisely the kind of impact we aim to accelerate at InnoEnergy.”
The launch of Kore Metals was announced at The Business Booster (TBB) 2025 in Lisbon, InnoEnergy’s annual flagship event that brings together start-ups, industry representatives, policy makers and regulators from over 50 countries.
About Kore Metals
Kore Metals is a leading sustainable metals company that reduces emissions in silicon metal production by more than 5 times using renewable energy. Our fully electrified, low-carbon, and low-temperature electrochemical production process produces metals from oxides without the need for fossil fuels. The result is high-quality, sustainable, and cost-competitive strategic metals such as silicon. With production and R&D based in Luxembourg, Kore Metals serves global leaders in advanced materials, including those in the solar, semiconductor, chemical and metals industries. For more information, please visit www.koremetals.com.
About Maana Electric
Maana Electric is a Luxembourg-based Space technology company developing innovative solutions for resource extraction and energy technology production and storage, both on Earth and in space. The company was the first in the world to show it could produce fully functional solar panels from lunar regolith simulants and is a major contractor on missions to the Moon and Mars. Maana Electric’s mission is to empower human ambition by developing the technologies needed for humanity to thrive on Earth and in Space. For more information, please visit www.maanaelectric.com
About InnoEnergy
Transitioning global energy. Transitioning every industry.
InnoEnergy is industrialising clean tech innovation to enable and grow a global net zero economy. Active in Europe and the US, the company invests in early-stage start-ups and the current and future workforce, building resilient clean tech value chains that drive sustainable economic growth. Through its ecosystem – with 1,400 partners and 39 shareholders spanning industry, finance, public policy, and academia – the company scales the energy transition at speed. For more information, please visit www.innoenergy.com.