DevvStream (NEO: DESG), a sustainability-focused carbon credit company, has finalized a deal to leverage the existing EV charging network of Go-Station to generate carbon credits.
The agreement will create a new income stream for Go-Station and support growth of its EV charging infrastructure while reducing greenhouse gas emissions. DevvStream estimates that the average Level 2 EV charger generates around 40 credits per year while Level 3 chargers can generate up to 500 credits each year.DevvStream will retain a portion of the carbon credits generated from the initiative.
As part of the deal, the two companies will also collaborate to expand Go-Station’s charging network into Canada by tapping into programs that offer credits for EV charging.
Sunny Trinh, CEO of DevvStream stated: “This project combines the highly scalable nature of DevvStream’s business model with the significant opportunity that exists within carbon markets for private sector companies to drive alternative revenue streams stemming from sustainable business practices.”
DevvStream, a publicly traded technology-based sustainability company, is advancing the development and monetization of environmental assets focused on carbon markets.
Shares of DevvStream trade on the NEO exchange under the ticker symbol DESG. For more information visit www.devvstream.com
Disclaimer
This video is not financial advice and should not be taken as financial advice. This video is for information, education and entertainment purposes only. Green Stock News is not responsible for any losses related to the financial decisions made by you. Video content is based on data obtained from sources we believe to be reliable but are not guaranteed as to accuracy and are not purported to be complete. As such, the information should not be construed as advice designed to meet the particular investment needs of any investor. Green Stock News is not responsible for any gains or losses that result from the opinions expressed in this video or in other materials that it publishes electronically. Green Stock News has been compensated US$15,000 by DevvStream for advertising services.
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