Phantom power is considered a direct current electric power, transmitting the right amount of voltage and audio over a single microphone cable at the same time. As such, it helps the microphone function well.
Furthermore, microphones come to the market in two types, including condenser and dynamic ones. And the matter is that only the former requires phantom power.
As a result, the RE320 unit, a dynamic microphone, does not need this power. And we can conclude that the answer to this question is total no.