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TGI Solar Power Group (TSPG) Signs LOI to Acquire XGC Corp to Build National Carbon Registries Under Paris Agreement Article 6.4
TMX Newsfile· 2026-03-06 22:30
Core Insights - TGI Solar Power Group, Inc. has signed a Letter of Intent to acquire XGC Corp, which specializes in sovereign-grade carbon registry infrastructure utilizing AI and blockchain technology [1][2] - The acquisition is valued at $1.8 million USD and aims to establish a national carbon registry infrastructure for governments participating in international carbon markets under the Paris Agreement [2][3] Company Overview - TGI Solar Power Group is a diversified holding company focused on renewable energy and sustainable infrastructure [19] - XGC Corp develops national-grade carbon registry infrastructure that integrates AI, blockchain, and enterprise financial governance [16] Strategic Financial Opportunity - The global carbon market is projected to grow into a multi-trillion-dollar asset class as decarbonization strategies are accelerated by governments and corporations [5] - TGI Solar Power Group will gain access to a scalable climate-technology platform that can generate recurring revenue through registry licensing and transaction fees related to carbon credit activities [6][7] Technology Integration - XGC's carbon registry infrastructure includes three core technology layers: GeoAI for verification, blockchain for settlement, and enterprise financial governance for compliance and revenue distribution [8][11] - The proprietary GeoAI technology uses satellite imagery and machine learning for real-time verification of carbon sequestration projects [9] - The blockchain infrastructure ensures transparent tracking of carbon credits, eliminating double counting [10] Intellectual Property and Deployment Strategy - XGC is seeking international patent protection for its integrated registry architecture, which is expected to establish a strong intellectual property position in the emerging carbon market [12] - The companies plan to deploy the platform in high-impact jurisdictions, focusing initially on regions in Africa, Central Asia, and Latin America [13] Leadership and Governance - Daniel Brody, the Founder and CEO of XGC Corp, is expected to take a leadership role in the new subsidiary and join the board of TGI Solar Power Group [15][16]