Nocera Forms 50/50 Joint Venture with INERGX for Energy Value Chain

Nocera, Inc. announced a binding term sheet with INERGX Energy Optimisation Ltd to form Nocera-INERGX Energy Ventures, Inc., a 50/50 joint venture. This JV aims to identify, fund, acquire, develop, and commercialize companies, technologies, and infrastructure projects across the mission-critical energy value chain, including Battery Energy Storage Systems (BESS) and AI-enabled energy management. The move expands Nocera's relationship with INERGX, building on a prior equity investment, and aligns with Nocera's strategy to secure positions in constrained inputs of the AI build-out, following its recent acquisition of QMAX Technology Co., Ltd. The parties have an objective to build INERGX into a business valued at $250 million.