NGK and Ricoh Conclude a memorandum of understanding on the Establishment of a Joint Venture in Relation to the Commercialization of VPP and Digital Electricity Services
NGK INSULATORS, LTD. (“NGK”) and Ricoh Company, Ltd. (“Ricoh”) announced today that they have concluded a memorandum of understanding on the establishment of a joint venture company for the purpose of research and development aimed at the commercialization of a Virtual Power Plant (VPP) *1 business and digital electricity services *2.
NGK and Ricoh have been working since May 2022 on a trial pr