DevvStream (NEO: DESG), a leading carbon credit developer focusing on technology-driven solutions, has secured a multi-year carbon credit purchase deal with a Canadian subsidiary of a major energy firm.
Under the Agreement, the Customer will acquire 250,000 carbon credits generated by DevvStream. Initial credits are expected by December of 2024, with a provision for an extra 400,000 credits.
DevvStream aligns its carbon credit production with the Technology Innovation and Emission Reduction (TIER) Regulation and targets British Columbia's Output-Based Pricing System (OBPS).
Sunny Trinh, CEO of DevvStream stated: "This agreement underscores our commitment to developing the highest quality technology-based carbon credits available, and equally importantly, establishing relationships with buyers who care about the integrity and underlying value of the purchases they make."
DevvStream is a technology-based ESG company that advances the development and monetization of environmental assets, with an initial focus on carbon markets. DevvStream works with governments and corporations worldwide to achieve their sustainability goals through the implementation of curated green technology projects that generate renewable energy, improve energy efficiencies, eliminate or reduce emissions, and sequester carbon directly from the air-creating carbon credits in the process.
Shares of DevvStream trade on the NEO exchange under the ticker symbol DESG. For more information visit www.devvstream.com
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