Welcome to our dedicated page for Devvstream news (Ticker: DEVS), a resource for investors and traders seeking the latest updates and insights on Devvstream stock.
DevvStream Corp (DEVS) is a technology leader in ESG solutions, specializing in carbon credit generation and renewable energy projects. This page provides official updates on the company’s initiatives, offering stakeholders a centralized resource for tracking its environmental impact and market developments.
Access verified information on DEVS’s latest project launches, regulatory milestones, and strategic partnerships. Our news collection features press releases covering carbon sequestration advancements, solar/hydroelectric energy certificates (I-RECs), and compliance with international frameworks like the Paris Agreement’s Article 6.
Key updates include earnings reports, technology deployments, and collaborations with governments or corporations. Each announcement is curated to help investors and sustainability professionals understand DEVS’s role in bridging ecological responsibility with financial viability.
Bookmark this page for real-time insights into how DevvStream transforms environmental challenges into scalable solutions through cutting-edge technology and rigorous project management standards.
DevvStream (NASDAQ: DEVS), a carbon management firm, has received an additional $218,000 investment from its Chairman Carl Stanton and Director Wray Thorn through a 5.30% Secured Convertible Note due November 2026.
The investment aims to support the company's expansion into energy transition markets, grow partnerships, and strengthen its position in the carbon offset market. Both investors are co-founders of Focus Impact Partners.
DevvStream (NASDAQ: DEVS) has announced a significant expansion of its e-commerce sustainability strategy through new partnerships to accelerate adoption of its D-PIVOT carbon offset tool. The tool, available on Shopify, allows consumers to offset their online purchases' carbon footprint by supporting verified environmental projects.
The company has formed strategic partnerships with Zing (e-commerce marketing/software) and Minimus Fulfillment (3PL provider) to drive rapid scale across the Shopify ecosystem, which powers approximately 28% of U.S. online stores. This initiative targets the growing U.S. 3PL market, which generated $299.5 billion in 2023 and is projected to exceed $350 billion by 2030, alongside the digital advertising agency market, expected to reach $52.4 billion in 2024.
Through these partnerships, DevvStream aims to embed sustainability into online transactions at scale, leveraging its inventory of several million high-quality carbon credits while providing businesses with a seamless sustainability solution for environmentally conscious customers.
DevvStream (NASDAQ: DEVS) has been accepted into the Singapore Carbon Market Alliance (SCMA), an invitation-only platform developed by the Singapore Economic Development Board with IETA. The SCMA focuses on high-integrity carbon credits aligned with Article 6 of the Paris Agreement, enabling trading with nations that have implementation agreements with Singapore.
Singapore currently maintains Article 6 implementation agreements or MOUs with over 24 nations, including Indonesia, Philippines, and Brazil. Through SCMA membership, DevvStream aims to achieve Eligible Entity status, which would enable direct carbon credit sales to the Singaporean government and create opportunities for trading international renewable energy certificates (I-RECs).
The company plans to generate carbon credits from emission reduction projects in nations with Singapore implementation agreements. Following COP29's authorization of emissions trading under Article 6.4, DevvStream expects Article 6-compliant credits to trade at substantial premiums compared to the Voluntary Carbon Market.
DevvStream Corp. (NASDAQ: DEVS) received a notice from Nasdaq on January 22, 2025, indicating non-compliance with Listing Rule 5250(c)(1) due to failing to file its Form 10-Q for the period ended September 30, 2024. The company promptly addressed this by filing the required Form 10-Q on January 23, 2025.
The notice has no impact on the listing or trading of DevvStream's securities on Nasdaq. Due to the swift filing response, the company does not expect to submit a compliance plan within the standard 60-day requirement. Additionally, DevvStream announced it is finalizing its 10-K and Form S-1 filings, which are expected to be submitted soon.
DevvStream (NASDAQ: DEVS) has launched DevvStream for Commerce, a new business line focusing on B2B and B2B2C carbon offset sales. The company's first application, D-PIVOT (DevvStream Personal Impact Voluntary Offset Tool), integrates with Shopify storefronts to allow consumers to purchase carbon offsets during checkout to counterbalance shipping emissions.
The initiative partners with Minimus Fulfillment, a logistics company whose clients are 95% Shopify-based. D-PIVOT is free for Shopify stores, offering vendors a revenue share from offset sales. The tool responds to significant e-commerce growth (16.2% of total US sales in Q3 2024) and addresses transportation emissions, which generate nearly 30% of US greenhouse gases.
DevvStream (NASDAQ: DEVS) has announced an agreement to acquire ownership of renewable and carbon assets from the PT.Siteba Energy Hydroelectric Power facility in South Sulawesi, Indonesia, in the form of international renewable energy certificates (I-RECs). The facility is already operational and expected to begin generating I-RECs in H1 2025. DevvStream will manage the I-REC certification process and receive a significant portion of the net value.
This agreement follows DevvStream's recent partnership with Sogod Energy for I-REC generation from a solar facility in the Philippines, demonstrating the company's expansion in Asia's renewable energy market. The Southeast Asian hydroelectric market is projected to grow from 70 gigawatts in 2024 to 89 gigawatts by 2029, at a 4.8% CAGR. In Indonesia, hydroelectric power plants had a total installed capacity of 6,689 megawatts in early 2023, representing 53% of the country's renewable power supply.
DevvStream (NASDAQ: DEVS) has announced a partnership with Strategic Environmental & Energy Resources (SEER) to enter the biogas market, estimated at $10 billion in the US and projected to reach $15 billion by 2030. The Carbon Management Program will focus on biogas capture, fugitive emissions mitigation, and carbon sequestration through biochar production.
The program leverages SEER's 150+ existing biogas installations across North America, serving major utility companies, food processors, brewers, and agriculture firms. SEER's subsidiary MV Technologies deploys two key technologies: the V3RU for oil field vapor recovery and a proprietary biogas conditioning system. The partnership extends to projects in Saudi Arabia, including the Green Riyadh project and collaboration with Eco Tadweer. Revenue generation is expected to begin in 2025 through biochar and technology-based carbon credits, with DevvStream retaining a portion of credit sales revenue.
DevvStream (NASDAQ: DEVS) has entered into an agreement to acquire ownership of renewable and carbon assets from Sogod Energy's Medellin Solar Power facility in the Philippines. The facility, approved by the Medellin municipality, will have a 730 MWp capacity and produce over 1.2 million I-RECs annually. The project will be developed in three phases, with phase one completion expected within 6 months.
The facility's total annual energy production capacity is estimated at 1,219,615 MWh. This marks DevvStream's entry into the I-REC market, expanding its presence in global energy transition markets. The I-REC market has shown significant growth, with 283 million certificates issued in 2023, representing a 42% increase from 2022.
DevvStream and Monroe Sequestration Partners provided an update on their carbon sequestration facility development in northern Louisiana. The Monroe Project, utilizing a 425-square-mile legacy oil and gas field, has an estimated storage capacity of 260 million metric tons of CO2. The project is advancing with engineering and geologic assessments, identifying multiple surface locations for monitoring and injection wells. DevvStream owns a 50% equity stake in the facility, which will generate both 45Q federal tax credits (currently $85 per tonne of CO2 stored) and voluntary offset credits. The project benefits from Louisiana's Class VI permit primacy, enabling faster regulatory approvals and streamlined development processes.
DevvStream Corp. (NASDAQ: DEVS) has announced a live investor event scheduled for November 18, 2024, at 12:00 PM ET / 9:00 AM PT. The event will provide updates on the company's commercial progress, long-term goals, and overall business health. The announcement comes amid significant developments in Article 6.4 of the Paris Agreement, which was recently updated at COP29 in Baku, Azerbaijan. The new standards aim to increase demand for carbon credit projects and direct resources to developing nations. The UN-endorsed supervisory body has finalized standards for carbon removals and crediting projects, with implementation planned for early 2025.
