Published by Todd Bush on October 10, 2023
Blockchain-powered platform brings additional transparency, integrity, and accessibility to DevvStream portfolio
VANCOUVER, British Columbia, Oct. 10, 2023 (GLOBE NEWSWIRE) -- DevvStream Holdings Inc. (“DevvStream” or the “Company”) (CBOE: DESG) (OTCQB: DSTRF) (FSE: CQ0), a leading carbon credit project co-development and generation firm specializing in technology-based solutions, today announced the launch of its environmental project management platform, the Carbon Offset Program Platform (COPP). By leveraging the power of blockchain technology to provide a comprehensive and unalterable record of DevvStream’s carbon offset projects, the COPP platform provides a new standard of transparency, integrity, and accessibility to carbon offset projects in DevvStream’s portfolio.
**DevvStream’s COPP* is a program management tool developed in-house to manage DevvStream’s portfolio of offset programs*, including the recently announced Buildings and Facilities Carbon Offset Program (BFCOP). COPP provides comprehensive information about these programs and its participants, methodologies used, and more, making them accessible to the public via Devvio’s blockchain platform. The Company is currently in the development phase of the public interface accessible via the company’s website. The information accessible thanks to COPP will go beyond what the industry, including project developers and registries, has traditionally made accessible to the public, ensuring public trust and credibility to credits generated by DevvStream’s programs.
>>Read about DevvStream Reaching Key Milestone Toward Nasdaq Listing
"With COPP, we are taking a giant leap towards restoring faith in the carbon offset sector," said Sunny Trinh, CEO of DevvStream. "Transparency is the cornerstone of environmental integrity, and every individual should have the ability to scrutinize the impact of individual carbon offset projects and assess the quality of the credits generated. With that in mind, our new platform provides unprecedented comparability and transparency to help organizations meet their net zero goals in a measurable and accountable way. The use of blockchain technology to make relevant project data available is representative of DevvStream’s commitment to leveraging technology to accelerate decarbonization around the globe. Our co-development projects meet the highest standards when it comes to environmental integrity, and this platform will provide customers and market participants with the assurance they need to invest in resulting carbon credits with confidence.”
Today’s announcement builds on the recent unveiling of the Buildings and Facilities Carbon Offset Program (BFCOP), which aims to reduce the barrier to entry for organizations seeking to generate carbon credit revenue within two main categories: (a) energy efficiency and fuel switching activities, and (b) onsite renewable energy generation. Taken together, these programs serve as a testament to DevvStream's commitment to driving sustainable practices across industries. By offering public access to the platform through the DevvStream website, COPP is set to become an invaluable resource for those seeking to make informed decisions about carbon offset initiatives.
As COPP is utilized across DevvStream’s rapidly expanding program portfolio, the company expects to quickly broaden its scope, driving an increasingly useful resource for carbon market participants. In the coming months, the platform is poised to include data from all projects and programs, solidifying its status as a comprehensive hub for carbon offset information.
Founded in 2021, DevvStream is a technology-based sustainability 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.
On September 13, 2023, DevvStream and Focus Impact Acquisition Corp. (Nasdaq: FIAC) announced that they have entered into a definitive Business Combination Agreement for a business combination that would result in the combined Company (DevvStream) to be listed on the Nasdaq Stock Market under the ticker symbol “DEVS”.
On Behalf of the Board of Directors,
Sunny Trinh, CEO
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside this Issue 🎯 Carbon Clean Achieves Fabrication Milestone on Flagshipone With the Project’s First Carbon Capture Unit Module 🚍 Powering Clean Commutes: Ballard and Wrightbus Team Up for Hydr...
Inside this Issue 💰 FuelCell Energy Announces Debt Financing for Derby Power Projects ⚛️ Plug Power's Expansion Accelerates Green Hydrogen Economy 📝 Zefiro Registers its First Methane Reduction Pr...
Inside this Issue 🏭 Nel ASA: Hy Stor Energy Places Gigawatt Capacity Reservation for Mississippi Clean Hydrogen Hub 🛺 Gearing Up for a Green Highway: Air Products Paves the Way for Hydrogen Transp...
Hydrogen Fuel Cell Microgrid Project: Energy Innovation, Integration and Assurance
FARGO, N.D., April 30, 2024 (GLOBE NEWSWIRE) -- [BWR Innovation](https://bwr-innovations.com/) announces it was recently granted a two-year subcontract by [The Global Connective Center, LLC](https:...
Honda Plants 85,000 Trees to Capture Carbon and Enhance Biodiversity Near its Ohio Operations
* _Tree-planting initiative will sequester carbon and provide watershed enhancement_ * _Honda partnering with local farmer to utilize tree-based conservation agricultural production tech...
Frontier Buyers Sign $58.3M Offtakes with Vaulted Deep
_Vaulted will remove 152,480 tons of CO₂ between 2024 and 2027 on behalf of Frontier buyers. Of those, 18,321 tons are expected to be delivered in 2024._ _Vaulted's approach offers 10,000+ year ...
Thiozen Pilot Successfully Produces Zero-Emission Hydrogen from Sour Gas Waste Streams
_Permian Basin pilot project demonstrates commercial viability of new de-souring method for oil and natural gas production_ PASADENA, Calif., May 1, 2024 /PRNewswire/ -- [Thiozen](https://thioze...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.