Accelerating Deployment of Battery Storage Solutions Across Asia
Accelerating the Global Deployment of Energy Storage Solutions via Battery Securitization Financing Program
Singapore – noco-noco Pte Ltd ("noco-noco"), a wholly owned subsidiary of Nasdaq-listed noco-noco Inc. (Nasdaq: NCNC), has recently signed a Memorandum of Understanding (MOU) with Japan-based 3DOM Alliance Inc. ("3DOM") and Tesnology Inc. ("Tesnology") aimed at obtaining a non-exclusive license for battery securitization systems and the associated intellectual property (IP) developed by both 3DOM and Tesnology. This partnership marks a pivotal development in noco-noco’s undertaking to integrate battery technology into the societal infrastructure of the Asia Pacific region.
In Japan, an island nation with limited interconnections to its neighbors, there are significant challenges in balancing and managing power volatility within its own grid systems. Battery energy storage is essential for addressing these challenges, allowing the storage of electricity during low-demand periods while enabling the use of stored energy during peak demand. Japan's ongoing commitment to renewable energy and its goals for carbon neutrality are catalyzing rapid advancements in the battery energy storage system (BESS) market. The Japanese government aims to elevate the share of renewable energy in the electricity generation mix to between 36% and 38% by 2030, ultimately achieving carbon neutrality by 2050. This scenario presents substantial revenue opportunities when compared to traditional fossil fuels such as LNG, coal, and oil, which currently dominate the energy landscape.
3DOM and Tesnology are at the forefront of developing IP concerning the securitization and trading of battery assets in Japan and are building specialized platforms designed to monetize these energy storage assets throughout their entire lifecycle, from production and asset securitization to commercialization, decommissioning, and recycling. Their innovative “green financing model” is poised to significantly accelerate the deployment of battery energy storage systems, which, despite being in early development stages, are targeted to meet Japan's anticipated need of about 10GW of energy storage capacity by 2030.
noco-noco is committed to advancing battery technologies, including the X-SEPA™ separator, aimed at making high-performance batteries readily available as social infrastructure that is accessible to all. The company recognizes that bringing numerous long-lasting, environmentally friendly batteries to market is essential for this vision. By merging noco-noco's proprietary battery technology with the BESS securitization IP from 3DOM and Tesnology, noco-noco plans to create synergies that will propel the deployment of BESS across the Asia Pacific. The initial focus will be on stationary battery systems, addressing the demand and supply adjustments needed due to the increasing influx of unstable power sources in Japan.
Furthermore, noco-noco has established a Memorandum of Understanding (MOU) with Singapore-based B2G Energies Pte Ltd to work collaboratively on the deployment, construction, and execution of renewable energy initiatives, including energy storage systems throughout the Asia Pacific region, excluding Japan. B2G Energies stands out as a leading renewable energy enterprise in Singapore, specializing in Energy Storage Systems and Energy System Integration, dedicated to offering sustainable solutions that significantly lower carbon emissions and promote a transition to clean energy sources.
"We are eager to introduce this battery securitization technology throughout the Asia Pacific in collaboration with our partners at B2G Energies to build up the energy storage capacity essential for advancing the region’s clean energy transition towards a low-carbon and sustainable future," commented Masataka Matsumura, CEO & Director of noco-noco Inc.
Garry Tay, CEO & Director of B2G Energies, added, “We are thrilled to partner with noco-noco on this transformational energy transition journey. There is immense potential for deploying battery energy storage systems in the Asia Pacific, particularly as we expect variable renewable generation to increase by over 47% in the next few years. By utilizing our expertise in energy storage systems and energy integration, we aim to deliver effective solutions that enhance renewable energy adoption across the region.”
About noco-noco:
noco-noco Inc. (Nasdaq NCNC) is a technology solutions provider focused on accelerating the global shift to a decarbonized economy. Building on its innovations like the X-SEPA™ — a groundbreaking battery separator technology developed in Japan known for its long-lasting and heat-resistant performance — noco-noco aims to address the pressing demand for clean, affordable, and sustainable energy storage options.
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investor@noco-noco.com
Frequently Asked Questions
1. What is the purpose of the MOU signed by noco-noco?
The MOU aims to secure a non-exclusive license for battery securitization systems and intellectual property developed by 3DOM and Tesnology, as part of noco-noco’s efforts to integrate battery technology into societal infrastructure across Asia Pacific.
2. How does battery energy storage benefit Japan's energy management?
Battery energy storage enables Japan to balance power volatility by storing electricity during low demand and releasing it during peak demand, which is crucial for managing its grid networks effectively.
3. What is the significance of the green financing model discussed in the article?
The green financing model developed by 3DOM and Tesnology aims to monetize energy storage assets throughout their lifecycle, which will help drive the growth of battery energy storage systems in Japan, addressing an anticipated shortfall in storage capacity.
4. What are the main goals of noco-noco as a company?
noco-noco aims to make high-performance batteries widely accessible as social infrastructure and promote the adoption of clean, sustainable energy solutions through innovative technologies like the X-SEPA™ separator.
5. Who are noco-noco's partners in the renewable energy projects?
noco-noco partners with B2G Energies Pte Ltd to collaborate on deploying renewable energy projects and energy storage systems throughout the Asia Pacific region, focusing on sustainable energy solutions.
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