Singapore/India, September 21, 2023 – noco-noco, a leading decarbonization solutions provider and battery technology innovator from Singapore, and OGO Energy, a technology-driven Indian startup specializing in battery management system (BMS) and energy storage system (ESS) integrations and solutions, signed a long-term Memorandum of Understanding (MOU) on August 25, 2023, to accelerate sustainable electrification in India.
The collaboration combines noco-noco’s long-lasting and high-performance battery technology with OGO Energy’s indigenous BMS manufacturing expertise, with the aim to revolutionize energy solutions for sectors under increasing pressure to decarbonize such as maritime, data centres, telecommunications, and mobility.
OGO Energy will manufacture battery packs incorporating its proprietary BMS and battery cells with improved longevity and heat-resistance, made possible by noco-noco’s X-SEPA™ separators, at its inhouse 100MWh battery assembling plantThe resultant solutions will help drive a market- and environmentally-friendly circular economy, with a future potential of incorporating carbon credits generated by noco-noco, IoT and smart energy optimizations down the line.
As India accelerates its national commitment to decarbonization and electrification, the need for long-lasting batteries that can thrive in high-temperature conditions becomes paramount. noco-noco’s technology addresses this critical challenge, providing a sustainable solution for the Indian market. Recent interim results from noco-noco’s charge-discharge cycle life testing conducted at 60°C have shown that batteries equipped with X-SEPA™ and high temperature-resistant electrolyte demonstrate substantially higher capacity retention compared to batteries using standard components after 2,000 cycles. This extended battery lifespan, approximately five times longer when set at 80% capacity retention, meets the needs of common electric vehicle (EV) applications and opens numerous second-life possibilities.
Masataka Matsumura, CEO of noco-noco, commented “The innovations that could result from this collaboration across ESS and e-mobility stand to play a pivotal role in addressing India’s unique needs and reducing carbon emissions tangibly. We have made exciting breakthroughs in significantly improving battery longevity and performance, addressing a genuine bottleneck to widespread electrification especially in hotter regions of the world. This MOU allows us to grow in an exciting market like India, and leverage OGO Energy’s extensive energy sector network across Southeast Asia, South Asia and the Middle East.”
Said Abhishek Singh, CEO and co-founder of OGO Energy, “ESS is a fundamental requirement to enable affordable, reliable, sustainable, and modern energy for all. In addition, energy storage is key to increasing renewable energy generation capacity and moving towards 100% renewable energy generation. This partnership well compliments OGO Energy’s core-competency and its ability to indigenously design and build battery system with battery management system spanning across multiple applications. The long-term MOU between OGO Energy and noco-noco is testimony of understanding between two new-age, technology-driven companies aiming to decarbonize the world and build a healthier planet – a win-win for both organizations.”
About noco-noco:
noco-noco is a Singapore-based and Nasdaq listed decarbonization solutions provider working to accelerate the global transformation to a carbon-neutral economy. From X-SEPA™, a revolutionary battery separator technology designed for long-lasting and high heat-resistant performance, to noco-noco Lease, our carbon-neutral leasing platform for green transportation, noco-noco addresses the need for clean, affordable, and sustainable energy solutions. noco-noco is working towards a future where EV batteries come fitted with IoT devices for data-light, smart energy optimization and usage. That’s sustainability simplified.
About OGO Energy:
OGO Energy is a special provider of end-to-end energy storage solutions, with a focus on Battery Energy Storage Systems with indigenous developed BMS, aiming to become a significant player by serving both domestic and international markets with locally established battery manufacturing units. The company’s integrated platform encompasses design, technology, products, and services, thereby catering to most of the value chain in the energy storage system solution. OGO Energy’s product range covers both stationery and mobility applications, such as grid-storage, UPS/Data Centers, Telecom, marine and Electric mobility.
For inquiries, please contact:
noco-noco
Nandini Prashad
Email: contactus@noco-noco.com
OGO Energy
Abhishek Singh / Ramesh Gupta
Email: abhishek@ogoenergy.com / ramesh@ogoenergy.com
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