DevvStream

In a Bloomberg article titled "Why Only Climate Tech Cash Can Help Avoid Catastrophe," journalist Alastair Marsh lays out an argument made by McKinsey & Company that existing emissions-reducing technologies can make a world-changing impact when deployed at scale. This idea provides the foundation on which DevvStream was built and the rationale behind its approach. ------- Why Only Climate Tech Cash Can Help Avoid Catastrophe Go big or go home: That’s the scenario posed by climate change. Only in this particular case, taking half-measures means no more home.   Many of the technologies needed to decarbonize the primary sources of planet-warming gases already exist—they just need to be rolled out at a size commensurate with the challenge. According to McKinsey & Co., if carbon capture, heat pumps and the like were “deployed at scale” they could reduce as much as 90% of global greenhouse-gas emissions.   “It’s not just speed that we’re looking for,” said Mark Patel, a senior partner at McKinsey in San Francisco who focuses on climate-related technologies. “We need to intentionally seek greater and greater scale. We need to motivate ourselves to go faster and go bigger.”   McKinsey says that the 90% reduction in emissions can be delivered by 12 categories of climate technologies. However, just 10% of those are commercially competitive and a further 45% are commercially available but require further cost reductions to become competitive with carbon-intensive incumbent technologies. The remainder “hold great promise,” but are in earlier stages of development, according to the consulting group.   To maximize the emissions-cutting capacity of climate tech, whether it be batteries, solar or sustainable fuels, getting them to commercial scale is paramount, Patel said.   It was a message he delivered last Wednesday at a Climate Week reception for more than 100 investors and entrepreneurs in McKinsey’s office in lower Manhattan skyscraper. Held in view of New York Harbor, framed by the Statue of Liberty and the huge Verrazano Bridge beyond, it was an ideal location to talk about scale.   “If we want to have an impact in a time frame that’s meaningful in terms of CO2 abatement and to have a trajectory for the 2050 goal, it won’t work unless we mix speed with scale,” he told those in attendance.   But it’s not just about supersizing everything. McKinsey says it has studied the growth of an earlier generation of climate technologies, namely solar, wind and batteries, to divine a roadmap for more nascent tech to become cost competitive with fossil-fuel. McKinsey found that every 100% increase in deployment can yield at least 70% of cost reductions. https://lnkd.in/gWZKiymv

NEWS: DevvStream to Voluntarily Halt Trading in Anticipation of Expected Nasdaq Listing • Company shares listed on Cboe Canada will no longer be tradeable as of Friday, October 25, 2024 at 5:00 PM Eastern • Company expects to close its Business Combination with Focus Impact on October 30, 2024 and begin trading on the Nasdaq Exchange the following day Read the full release 🔗 https://bit.ly/4hmEe5m #CarbonCredits #CarbonMarket

NEWS: DevvStream to Purchase 1.2 Million Carbon Credits for Conservation of 200,000 Hectares of Amazon Territory • Project is expected to reduce emissions by 13,227,635 tCO2e during its 30-year life, an average of 440,921 tCO2e per year • Transaction to be funded with DevvStream shares post-Nasdaq listing • Company expects to begin trading on Nasdaq on or before October 31, 2024 Read the full release 🔗 https://bit.ly/3YC3sFN #CarbonCredits #CarbonMarket

DevvStream Provides Update on Proposed Business Combination and Nasdaq Listing DevvStream’s business combination with Focus Impact Acquisition Corp. and uplisting to the Nasdaq continues to progress towards completion Read the full release 🔗 https://bit.ly/4h83psi #CarbonCredits #CarbonMarket #CarbonOffset

NEWS: DevvStream to Acquire 50% Equity Stake in Carbon Sequestration Hub Facility • Transaction to be funded with DevvStream shares • Facility currently capable of storing an estimated 260 MMT of CO2 • Company will partner with Monroe Sequestration Partners to generate both federal tax credits and voluntary offset credits Read the full release 🔗 https://bit.ly/3zZ9Pcy #CarbonCredits #CarbonMarket #CarbonOffset

We're pleased to announce that DevvStream has been named the "Best Carbon Credit Project Developer (Avoidance)" for the 2024 Carbon Awards, sponsored by ESG Investing. DevvStream was also Runner-Up for the Most Innovative Carbon Product award. The Carbon Awards are the only awards that evaluate the best companies involved in all areas of the voluntary carbon markets across the globe. They are designed exclusively for credit/offset project developers, exchanges/marketplaces, consultancies, banks and vendors. Awards categories were assessed by a panel of independent judges comprising carbon market professionals, academics and investors. There was no cost for DevvStream to participate. Thank you to ESG Investing for their consideration, and congratulations to all the award winners this year. https://lnkd.in/gQjMU9CJ #CarbonAwards #ESGInvesting #ClimateTech #ClimateFinance #GreenTech #CarbonCredits

NEWS: DevvStream Holdings Inc. Announces Voting Results from 2024 Annual General and Special Shareholder Meeting and Provides Transaction Update Read the full release 🔗 https://bit.ly/47nQSfU #Nasdaq #CarbonCredits #CarbonMarket #CarbonOffset

SEMI Sustainability is pleased to announce our new Carbon Pricing Workgroup, designed to support members as they navigate carbon tax, internal carbon pricing, and the voluntary carbon market. So far, we've had insightful contributions from authoritative guest speakers representing Nasdaq, DevvStream, Charm Industrial, STX Group, Carbon Gap and others. The U.S. Department of Energy Office of Science and Energy has also addressed the group, offering valuable perspectives on carbon markets and the semiconductor industry. Upcoming speakers include the US Environmental Protection Agency (EPA), Climeworks, and Arthur D. Little. SEMI members interested in learning more about the new Workgroup, please reach out to the SEMI Sustainability team via 👉 https://lnkd.in/grvfp6jc. 👈 Noting your interest in the comment section. The group meets monthly and SEMI Membership is a requirement.   #Sustainability #Semiconductors #CarbonPricing #ClimateAction #SEMI #SEMI_Sustainability #Sustainable_Semiconductors Justin J. Harris, Dr. Mousumi Bhat, Jordan Famularo, PhD. Jamie Belliveau

Join us TOMORROW for a DevvStream & Focus Impact webinar! Don’t miss this opportunity to hear from DevvStream CEO Sunny Trinh and Focus Impact CEO Carl Stanton as they share the latest corporate updates, new strategic partnerships, and insights into our $500M+ project pipeline. The Business Combination is expected to result in DevvStream being the first publicly traded carbon credit company on a major U.S. stock exchange. Join the conversation and register today: https://bit.ly/3AverXN #DESG #CarbonCredits #CarbonOffsets #Sustainability #Technology #ClimateAction #Transparency #Environment

Mark your Calendars! Join us on Thursday, September 5th at 12:30pm ET / 9:30am PT to hear from DevvStream CEO, Sunny Trinh and Focus Impact Acquisition Corp. CEO, Carl Stanton, as they provide attendees with an update on the company’s commercial progress as well as long-term goals and overall business strategy. REGISTER NOW: https://bit.ly/3AverXN #DESG #CarbonCredits #CarbonOffsets #Sustainability #Technology #ClimateAction #CarbonNeutral