Having signed a Memorandum of Understanding in September 2013, Natcore Technology Inc. and Denzo Pty Limited have begun planning for Natcore Australia, a joint venture that would produce solar cells and solar panels in Australia, with Australia as the headquarters for this activity. The joint venture would move initially with currently available technologies. Future technologies would be deployed as they become available.

Natcore Australia would have exclusive access to Natcore's intellectual property portfolio in Australia. Financing for the venture would come from government and private sources. The parties have begun to explore land, facility and labor costs; domestic and export sales potential; and availability of government assistance at local, state and federal levels.