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Highlights:

  • DEVS enters carbon-credit agreement with Energy Efficient Technologies to monetize building-efficiency savings.
  • The company adds a new energy-efficiency vertical alongside solar, biogas, and carbon capture assets.
  • DEVS to share revenue from carbon credits, I-RECs, and verified utility bill savings. 

DevvStream Corp. (NASDAQ: DEVS) is a carbon management firm engaged in the development, investment, and sale of environmental assets, including carbon credits and renewable energy certificates. The company operates across in managing a portfolio of environmental credits for sale to corporate and government buyers, investing in carbon-reducing projects or acquiring firms aligned with the energy transition and leading project development in areas like EV infrastructure and clean energy in exchange for a portion of generated credits or I-RECs.  

The company has announced a new agreement with Energy Efficient Technologies (EET), an engineering firm that specializes in reducing electricity usage across commercial properties. The agreement expands DevvStream’s environmental asset portfolio into the building-efficiency segment while providing the company with additional revenue channels tied to energy savings and environmental credits. 

Under the terms of the agreement, DevvStream will receive a portion of revenue generated through carbon credits and International Renewable Energy Certificates (I-RECs) linked to EET’s energy-saving initiatives. In addition, DevvStream will participate in revenue from verified reductions in utility bills, offering a multi-channel income model built on energy performance outcomes. 

EET works with large-scale clients and has implemented energy-saving systems across a wide range of sectors. Its customer base includes a major global hospitality group with more than 8,000 hotel locations worldwide, the world’s largest quick-service restaurant network, and one of the largest brewing companies with products in over 100 countries. 

This agreement marks DevvStream’s entrance into building energy efficiency as a new vertical within its broader environmental asset strategy. The company’s existing project portfolio already includes investments in hydro, solar, waste-to-energy, carbon capture, and biogas, making energy-efficiency-based credits a complementary addition. 

EET estimates that deploying its proprietary CryoGenX4™ energy-saving system across 8,000 data centers could deliver an estimated USD 20 billion in energy cost savings, eliminate 166 billion kilowatt-hours (kWh) of electricity use, and reduce 117 million tonnes of CO₂ emissions annually. DevvStream’s involvement in monetizing these savings illustrates the potential scale of the opportunity. 

The carbon management industry has seen a growing demand for scope-2 emission reductions, and energy-efficiency projects are increasingly viewed by companies as a cost-effective path to reducing their carbon footprints. DevvStream’s role in certifying and selling the resulting credits adds credibility to the process while giving partners like EET access to global carbon markets. 

“We believe EET's proven record of double-digit energy savings positions us to unlock a high-value stream of efficiency-based credits and cost-sharing revenue,” said Sunny Trinh, CEO of DevvStream. “By layering shared savings on top of carbon- and I-REC monetization, we anticipate further diversifying DevvStream's income while helping businesses cut costs and emissions.” 

Joe Mearman, CEO of Energy Efficient Technologies, highlighted the benefit of DevvStream’s involvement in bringing market visibility and monetization to EET’s engineering work. “Energy Efficient Technologies has delivered—and independently verified—double-digit energy-use reductions for clients such as Marriott, McDonald's cold-chain distribution network, Anheuser-Busch, and Cogent Communications data centers,” Mearman said. “DevvStream’s transparent credit-certification process and global buyer reach provide a trusted pathway to convert those proven savings into high-integrity carbon credits and I-RECs, allowing our customers to capture additional environmental and financial value while we remain focused on engineering efficiency at scale.”