HomeDESG NewsDevvStream Files Provisional Patents to Improve Efficiencies in Carbon Credit Generation

DevvStream Files Provisional Patents to Improve Efficiencies in Carbon Credit Generation

DevvStream Holdings Inc. (“DevvStream” or the “Company”) (NEO:DESG), a leading carbon credit investment firm specializing in technology solutions, today announced the filing of provisional patent applications surrounding its innovative programmatic approach to green project management and carbon credit generation.

These initial filings establish concrete definitions for, and stake boundaries around, the Company’s exclusive processes and methodologies.

The provisional patents are primarily focused on the establishment of a proprietary umbrella approach to program implementation across the scope of the Company’s operations.

This umbrella approach will allow the Company to aggregate multiple green technology projects together under a single designated program, resulting in several anticipated efficiency improvements.

Implementation costs are expected to be reduced, current barriers to participation are expected to be eliminated, and the process for generating carbon credits is expected to accelerate.

Sunny Trinh, CEO of DevvStream stated:

“The current rate of greenhouse gas emissions underscores the importance of creating carbon credit programs that are robust and far-reaching, yet nimble and efficiently operated,” 

“By combining relevant green technology projects under the auspices of a common program, we can, for example, plug and seal a greater number of leaky wellbores more quickly under our methane abatement programs, including oil wells that might otherwise fail to qualify due to size or location. We anticipate that our proprietary approach will broaden our client reach, and by extension, broaden our overall environmental impact as a company.”

Click here to Get DevvStream’s Latest Investor Deck

 


Disclosure: Owners, members, directors and employees of carboncredits.com have/may have stock or option position in any of the companies mentioned: DESG

Carboncredits.com receives compensation for this publication and has a business relationship with any company whose stock(s) is/are mentioned in this article

Additional disclosure: This communication serves the sole purpose of adding value to the research process and is for information only. Please do your own due diligence. Every investment in securities mentioned in publications of carboncredits.com involve risks which could lead to a total loss of the invested capital.

Please read our Full RISKS and DISCLOSURE here.

Most Popular
LATEST CARBON NEWS

PM Narendra Modi and Elon Musk to Announce Historic EV Deal

The world's two renowned and powerful figures PM Narendra Modi and Elon Musk will meet in India on April 22. Their camaraderie began back...

FERC Grants Waiver for Solar Project Amidst Local Resistance

The Federal Energy Regulatory Commission (FERC) has granted a waiver to PJM Interconnection LLC, allowing a 210-MW solar project in Indiana to relocate to...

America to See a Surge in Renewable Capacity in 2024

The United States is poised for a significant boost in renewable energy capacity by over 67 gigawatts (GW) in 2024, driven by policy shifts...

Sublime Systems Lands $87 Million Funding from DOE for Low-Carbon Cement

Sublime Systems, a startup pioneering a revolutionary method of producing fossil-fuel-free cement, has been chosen by the U.S. Department of Energy's Office of Clean...
CARBON INVESTOR EDUCATION

What Is COP28? Key Issues to Watch Out at 2023 Climate Summit

After a record-breaking year of devastating effects of climate change, from record wildfires in Greece and Canada to floods in Libya, the United Nations...

Climate Disclosure: New Corporate Standards for a Net Zero World

As part of the world’s continued efforts to combat climate change and transition towards net zero, one important piece of the puzzle is new...

Carbon Pricing: Understanding The Economics and Trends of Fighting Climate Change

As global temperatures continue to rise, the urgency surrounding climate policies has intensified, thrusting carbon pricing into the limelight of climate discussions. The race to...

The EU Corporate Sustainability Reporting Directive (CSRD): Key Things to Know

Companies operating in the European Union will have to deal with new non-financial and sustainability reporting requirements starting January 2024 with the EU's Corporate...