noco-noco and DG Capital Group collaborate on decarbonization solutions globally
From GlobeNewswire: 2024-10-29 09:16:00
noco-noco Pte Ltd and DG Capital Group have signed an MOU to develop decarbonization solutions for corporations and communities. The collaboration combines noco-noco’s battery technology with DGCG’s Digital Grid-Forming Inverter System to offer sustainable energy solutions globally. The companies plan to collaborate on technology development and business initiatives, including creating enhanced grid-forming solutions and expanding market opportunities for their DGR System. A joint venture will be established to develop microgrids and grid-scale energy storage solutions, with earnings to be shared between both parties. The collaboration timeline spans from 2024 to 2026, with a focus on market expansion and deployment of the DGR System.
Masataka Matsumura, CEO of noco-noco Inc., expressed excitement about the collaboration, emphasizing the importance of innovative decarbonization solutions. noco-noco Inc. is known for its X-SEPA™ battery separator technology designed for long-lasting and high heat-resistant performance to address the need for clean, affordable, and sustainable energy storage solutions. DG Capital Group develops digital grid technology to support and sustain the power system, focusing on achieving 100% renewable energy. The company also promotes regional revitalization through electricity sales and sustainable community development initiatives.
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