DevvStream To Engage with Municipal Governments in Los Angeles, Phoenix, Philadelphia, San Antonio, and 25 Additional U.S. Cities to Advance Technological Solutions to Climate Change

Definitive agreement between DevvStream and Global Green provides a framework for project exploration with 29 cities in Global Green’s Sustainable Neighborhood Solutions Program

VANCOUVER, British Columbia, Jan. 04, 2024 (GLOBE NEWSWIRE) -- DevvStream Holdings Inc. (“DevvStream” or the “Company”) (NEO: DESG) (OTCQB: DSTRF) (FSE: CQ0), a leading carbon credit project co-development and generation firm specializing in technology-based solutions, and Global Green, the American affiliate of Green Cross International, a global non-governmental organization with a mission to respond to the combined challenges of security, poverty and environmental degradation, today announced a definitive agreement (the “Agreement”) to explore decarbonization projects with 29 municipalities in Global Green’s Sustainable Neighborhood Solutions Program (“SNSP”). The Agreement will aim to serve as a key driver of DevvStream’s work to assist municipalities in addressing their net-zero goals while generating high-quality carbon credits in the process.

SNSP is an initiative funded by the U.S. Environmental Protection Agency to assist communities with sustainable neighborhood planning, and its membership includes a wide range of forward-thinking cities and towns nationwide, including Los Angeles, Phoenix, Philadelphia, San Antonio, Seattle, Cincinnati, Milwaukee, St. Louis, Staten Island, Memphis, and Santa Monica. A full list of locations can be found at this link.

The Agreement allows DevvStream and Global Green to quickly and efficiently connect and coordinate with municipal governments across the U.S., empowering cities to achieve their net-zero goals by:

1. Generating carbon credits from their current emissions-reducing activities,
2. Purchasing high-integrity carbon credits to offset their hard-to-abate emissions, and
3. Joining turnkey decarbonization programs such as DevvStream’s Buildings and Facilities Carbon Offset Program, a free-to-join program that helps building owners create revenue from carbon reduction actions.
   

In exchange for services related to the Agreement, DevvStream will retain a portion of the carbon credits generated or sold. DevvStream expects to announce the first SNSP projects during Q1 2024. Representatives of municipal governments interested in joining the SNSP should contact [e-mail].

“This Agreement provides us with valuable access to city governments that share our vision for building environmentally friendly communities,” said Sunny Trinh, CEO of DevvStream. “Our goal is to make the decarbonization process as simple as possible for our municipal partners, which is why our projects and programs are highly targeted, quick to launch, and straightforward to implement—with data-driven results. We have a deep understanding of the challenges cities face when balancing economic viability with sustainability, and we’ve modeled our solutions to enable both. DevvStream is pleased to be working alongside Global Green to make the nation’s communities more livable and prosperous for all of us.”