- DevvStream (DEVS, Financial) enters a carbon management agreement with Energy Efficient Technologies (EET), securing two revenue streams.
- EET's CryoGenX4 technology could potentially save $20 billion in power costs across 8,000 data centers.
- The partnership adds building-efficiency assets to DevvStream's diverse portfolio.
DevvStream Corp (DEVS), a leader in carbon management, has formed a strategic carbon management partnership with Energy Efficient Technologies (EET). This partnership aims to create dual revenue streams for DevvStream by leveraging carbon credits, I-RECs, and shared savings from utility bills. EET, renowned for its efficiency in cutting electricity consumption in commercial buildings by 8-35%, brings a wealth of experience and a proven track record with high-profile global clients.
Significantly, EET's CryoGenX4 technology showcases considerable market potential. It is projected to save $20 billion in energy costs, cut down power consumption by 166 billion kWh, and prevent the emission of 117 million tonnes of CO2 annually if implemented across 8,000 data centers. Such promising figures emphasize the technological advancements and environmental benefits brought forth by this alliance.
The agreement enhances DevvStream's portfolio by integrating building-efficiency assets, complementing its existing projects in hydro, solar, waste-to-energy, carbon capture, and biogas sectors. By expanding into the building efficiency domain, DevvStream continues to reinforce its commitment to diversified environmental asset management and sustainability.
