noco-noco And DG Capital Group To Sign MOU To Drive Decarbonization Solutions For Energy Transition
noco-noco Inc. (NCNC) and DG Capital Group have signed an MOU to develop decarbonization solutions by combining noco-noco's battery technology with DGCG's Digital Grid-Forming Inverter System. The partnership aims to create enhanced grid-forming solutions for remote islands, weak-grid regions, industrial complexes, and semiconductor plants.
The collaboration includes technology development and business development initiatives, with plans to establish a joint venture. The timeline involves formulating development roadmap in 2024, executing development in 2025-2026, and expanding sales from 2026 onwards.
noco-noco Inc. (NCNC) e il DG Capital Group hanno firmato un MOU per sviluppare soluzioni di decarbonizzazione combinando la tecnologia delle batterie di noco-noco con il Sistema Inverter Digitale Formante Rete di DGCG. L'obiettivo della partnership è quello di creare soluzioni avanzate di formazione della rete per isole remote, regioni con reti deboli, complessi industriali e impianti per semiconduttori.
La collaborazione include iniziative di Sviluppo tecnologico e Sviluppo commerciale, con piani per costituire una joint venture. La tempistica prevede la formulazione della roadmap di sviluppo nel 2024, l'esecuzione dello sviluppo nel 2025-2026 e l'espansione delle vendite dal 2026 in poi.
noco-noco Inc. (NCNC) y el Grupo DG Capital han firmado un MOU para desarrollar soluciones de descarbonización combinando la tecnología de baterías de noco-noco con el Sistema Inversor Formador de Red Digital de DGCG. La asociación tiene como objetivo crear soluciones avanzadas para la formación de redes en islas remotas, regiones de red débil, complejos industriales y plantas de semiconductores.
La colaboración incluye iniciativas de desarrollo tecnológico y desarrollo empresarial, con planes para establecer una empresa conjunta. La cronología implica formular una hoja de ruta de desarrollo en 2024, ejecutar el desarrollo entre 2025-2026 y expandir las ventas a partir de 2026.
noco-noco Inc. (NCNC)와 DG Capital Group은 noco-noco의 배터리 기술과 DGCG의 디지털 그리드 형성 인버터 시스템을 결합하여 탈탄소화 솔루션을 개발하기 위해 MOU를 체결했습니다. 파트너십의 목표는 원거리 섬, 약한 전력망 지역, 산업 단지 및 반도체 공장을 위한 향상된 그리드 형성 솔루션을 만드는 것입니다.
이번 협력에는 기술 개발 및 비즈니스 개발 이니셔티브가 포함되며, 합작회사를 설립할 계획입니다. 일정은 2024년에 개발 로드맵을 수립하고 2025-2026년에 개발을 실행하며, 2026년부터 판매를 확대하는 것입니다.
noco-noco Inc. (NCNC) et le groupe DG Capital ont signé un MOU pour développer des solutions de décarbonisation en combinant la technologie des batteries de noco-noco avec le système d'inverseur formant réseau numérique de DGCG. L'objectif du partenariat est de créer des solutions avancées de formation du réseau pour des îles éloignées, des régions à réseau faible, des complexes industriels et des usines de semi-conducteurs.
La collaboration comprend des initiatives de développement technologique et de développement commercial, avec des plans pour établir une coentreprise. Le calendrier prévoit l'élaboration d'une feuille de route de développement en 2024, l'exécution du développement en 2025-2026 et l'expansion des ventes à partir de 2026.
noco-noco Inc. (NCNC) und die DG Capital Group haben ein MOU unterzeichnet, um Dekarbonisierungslösungen zu entwickeln, indem sie die Batterietechnologie von noco-noco mit dem Digital Grid-Forming Inverter System von DGCG kombinieren. Ziel der Partnerschaft ist es, verbesserte netzbildende Lösungen für abgelegene Inseln, schwache Netzregionen, Industriekomplexe und Halbleiterwerke zu schaffen.
Die Zusammenarbeit umfasst Initiativen zur Technologieentwicklung und Geschäftsentwicklung, mit dem Plan, ein Joint Venture zu gründen. Der Zeitplan sieht vor, 2024 einen Entwicklungsfahrplan zu erstellen, die Entwicklung von 2025 bis 2026 umzusetzen und den Vertrieb ab 2026 auszubauen.
- Strategic partnership to develop enhanced grid-forming solutions
- Planned joint venture establishment for business expansion
- Clear implementation timeline from 2024 to 2026
- Access to new markets including remote islands and industrial complexes
- No immediate revenue impact as development starts in 2024
- Financial terms of revenue sharing not disclosed
Insights
This MOU represents a strategic but preliminary step in noco-noco's business development. While the partnership with DG Capital Group shows promise for future revenue generation through joint ventures and technology integration, several factors warrant caution:
The timeline indicates that meaningful commercial impact won't materialize until 2026, with 2024-2025 focused on planning and development. The agreement's success depends heavily on successful technology integration and market adoption in specific niches like remote islands and weak-grid regions.
For a company with a relatively small market cap of
Singapore, Oct. 29, 2024 (GLOBE NEWSWIRE) -- noco-noco Pte Ltd (“noco-noco”), a wholly-owned subsidiary of noco-noco Inc. (Nasdaq: “NCNC”), and DG Capital Group (“DGCG”) have signed a Memorandum of Understanding (MOU) to jointly develop innovative decarbonization solutions for corporations and communities aiming to reduce carbon emissions and achieve green transition goals.
This collaboration unites noco-noco’s revolutionary battery technology, designed to extend battery lifespan and enhance durability, with DGCG’s advanced Digital Grid-Forming Inverter System (DGR), which is integral to supporting renewable energy infrastructures. Together, they will aim to offer sustainable, resilient energy solutions by combining high-efficiency, highly reliable technologies to support the energy transition both in Japan and globally.
Powering Decarbonization with Advanced Technologies
The MOU formalizes a partnership between noco-noco and DGCG, focused on overcoming energy transition challenges such as stable energy supply, effective energy storage, and long-term carbon neutrality. By integrating DGCG’s DGR System with noco-noco’s high-performance battery technology, the companies will develop energy solutions independent of conventional infrastructures to enable reliable renewable energy utilization.
Collaborative Technology and Business Development Initiatives
Under the terms of the MOU, the companies plan to collaborate in the following areas:
- Technology Development
- DGCG will incorporate noco-noco’s battery technology, known for its extended lifespan and high-temperature resilience, into its DGR System to create an enhanced grid-forming solution. This advanced solution will be jointly developed, and will leverage the strengths of both technologies to achieve higher performance standards.
- Business Development
- Leveraging their combined networks, DGCG and noco-noco will seek to expand market opportunities for their enhanced DGR System. Target markets include remote islands, weak-grid regions (areas where electricity infrastructure is unstable), industrial complexes, and semiconductor plants, both within Japan and abroad.
- The two companies plan to establish a joint venture to pursue business partnerships and develop microgrids or grid-scale energy storage solutions, with earnings generated through these ventures to be shared between both parties.
Mid-term collaboration timeline
- 2024: Formulation of the technology development roadmap and business plan
- 2025-2026: Execution of technology and business development, and preparation for establishing the joint venture.
- From 2026: Utilizing DGCG and noco-noco’s market networks to expand sales and deployment of the enhanced DGR System in target regions.
Masataka Matsumura, CEO of noco-noco Inc., commented:
“We are thrilled to collaborate with DG Capital Group in creating innovative decarbonization solutions that align with our vision for carbon-neutrality and sustainable energy. We believe there are significant synergies between our battery technology and the cutting-edge DGR grid forming inverter system, and this collaboration marks an important step in increasing our competitiveness in the commercial and grid-scale energy storage solution sector, as we have outlined in our 2025 restart plan.”
About noco-noco:
noco-noco Inc. (Nasdaq NCNC) is a technology solutions provider working to accelerate the global transformation to a decarbonized economy. Building its business on X-SEPA™ — the revolutionary battery separator technology developed in Japan and designed for long-lasting and high heat-resistant performance— noco-noco addresses the need for clean, affordable, and sustainable energy storage solutions.
Read more about noco-noco:
https://noco-noco.com/
About DG Capital Group:
DG Capital Group Inc. was established in July 2020 to realize a "digital grid" technology that enables a network of distributed devices to operate autonomously while maintaining functional interdependence through the network to support and sustain the power system. Its founder, Rikiya Abe—a pioneer in digital grid technology and former special professor at the University of Tokyo—launched the non-profit "Digital Grid Consortium" in Japan in September 2011 to develop technologies that contribute to a zero-marginal-cost energy society.
DG Capital Group develops and manufactures devices that connect distribution networks aimed at achieving
Read more about DG Capital Group
https://dgcapitalgroup.jp/en/
Safe Harbor Statement:
This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When noco-noco Inc. (the “Company”) uses words such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate,” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company’s goals and strategies; the Company’s future business development; product and service demand and acceptance; changes in technology; economic conditions; and the international markets the Company serves and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the Securities and Exchange Commission. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the U.S. Securities and Exchange Commission, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.
FAQ
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