noco-noco signs MoU with 3DOM Alliance, Tesnology to acquire license

noco-noco has signed a Memorandum of Understanding with Japan headquartered 3DOM Alliance and Tesnology to acquire a non-exclusive license for battery securitization systems and intellectual property developed by 3DOM and Tesnology. This agreement is a significant milestone in noco-noco’s efforts to establish battery as a societal infrastructure across Asia Pacific. 3DOM and Tesnology possess the intellectual property relating to securitization and security trading of batteries in Japan and are currently developing specialized system platforms to monetize the energy storage assets throughout their lifetime; from production, asset securitization, commercialization all the way through to decommissioning and recycling. This new innovative “green financing model” is expected to significantly boost the growth of battery energy storage system assets in Japan which remain at a relatively early stage currently and is geared to meet the country’s requirement of approximately 10GW of energy storage capacity by 2030. Additionally, the Company also announced the signing of Memorandum of Understanding with Singapore Headquartered B2G Energies Pte Ltd, to collaborate on the deployment, construction, and implementation of renewable energy projects including energy storage systems across Asia Pacific. B2G Energies is a leading renewable energy company in Singapore, specializing in Energy Storage Systems and Energy System Integration, dedicated to delivering sustainable and innovative solutions that reduce carbon emissions, being at the forefront of the transition to clean and green energy sources.