DevvStream to Advance Transparency and Accelerate Finance for Decarbonization Projects through Fiùtur Integration

DevvStream’s planned integration with Fiùtur builds on its pioneering combination of technology and programmatic approaches to decarbonization

VANCOUVER, British Columbia, Jan. 15, 2024 (GLOBE NEWSWIRE) -- DevvStream Holdings Inc. (“DevvStream” or the “Company”) (Cboe CA: DESG) (OTCQB: DSTRF) (FSE: CQ0), a leading carbon credit project co-development and generation firm specializing in technology-based solutions today announced its plans to integrate its advanced technology platform with Fiùtur and leverage the Standard Market Asset and Registry Template (“SMART”) across its projects. The move will further augment DevvStream’s existing protocols for safeguarding the integrity of its decarbonization programs by programmatically encoding transparent, enforceable SMART governance with its advanced digital monitoring and reporting (“dMRV”) capabilities. In combination with DevvStream’s existing Carbon Offset Program Platform (“COPP”), the integration will support the generation of standardized, “provable” SMART outcomes to help ensure that the Company’s public and private sector decarbonization projects remain transparent with authentic claims that are auditable by market participants, capital providers and governments.

Fiùtur’s open architecture connects specialized platforms across capital markets, commodity markets, reporting, data sources, asset registries and dMRV systems. The result is a digital trust network, linking real-world outcomes with global markets to support the transition economy. DevvStream’s sophisticated, extensible platform and programmatic approach to decarbonization in buildings, EV charging infrastructure and beyond, position it well to generate and distribute trustworthy information via Fiùtur for carbon and other key transition factors such as water and community impacts.

“DevvStream is applying advanced technology to capture data at the source across numerous decarbonization programs, creating scalable pathways for energy transition capital. We had leaders like DevvStream in mind as we designed Fiùtur and SMART. It’s exciting to see the synergies we envisioned become reality,” said Andy Bose, EVP of Market Development and Policy at Fiùtur.

“One of DevvStream’s primary goals is to provide carbon market participants with maximum visibility into the environmental performance of the Company’s decarbonization projects and programs,” said Sunny Trinh, CEO of DevvStream. “We operate across multiple energy decarbonization verticals simultaneously, and it is imperative that the carbon credits we generate are backed by a high degree of credibility and trust, supported by a wide array of data-related insights and information. Integrity is absolutely paramount, which is why SMART Carbon is so important. Combined with our COPP platform, SMART provides DevvStream with additional tools to configure, generate, and distribute trustworthy information to our program stakeholders, an essential element to advancing the energy transition economy.”