Nocera, INERGX form 50/50 energy joint venture targeting INERGX valuation of $250 million
NCRA•Nocera and INERGX form energy joint venture
- Nocera entered a binding term sheet with INERGX to form a 50/50 joint venture, Nocera-INERGX Energy Ventures, focused on mission-critical energy assets.
- The vehicle targets acquisitions across battery storage, power electronics, AI-enabled energy management, renewable energy, and direct infrastructure ownership for AI data centers and defense and heavy industry.
- The parties set an objective to build INERGX toward a $250 million valuation; Nocera ascribed a minimum $65 million valuation in its earlier equity investment.
- INERGX is expected to manage day-to-day assets, while Nocera is expected to handle corporate administration, subject to a definitive agreement within 90 days.
