noco-noco Inc. (Nasdaq: NCNC) has signed MOUs to accelerate the deployment of energy storage solutions globally. The company's subsidiary, noco-noco Pte , has acquired a non-exclusive license for battery securitization systems and IP from 3DOM Alliance and Tesnology. This move aims to establish battery infrastructure across Asia Pacific, with an initial focus on Japan's growing BESS market.
The company also partnered with B2G Energies to collaborate on renewable energy projects and energy storage systems across Asia Pacific (excluding Japan). These strategic moves align with Japan's goal to increase renewables in its electricity mix to 36-38% by 2030 and achieve carbon neutrality by 2050, presenting significant opportunities in the BESS market.
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