DevvStream Holdings Inc. and Global Green announced a definitive agreement to explore decarbonization projects with 29 municipalities in Global Green's Sustainable Neighborhood Solutions Program. The Agreement will aim to serve as a key driver of DevvStream's work to assist municipalities in addressing their net-zero goals while generating high-quality carbon credits in the process. SNSP is an initiative funded by the U.S. Environmental Protection Agency to assist communities with sustainable neighborhood planning, and its membership includes a wide range of forward-thinking cities and towns nationwide, including Los Angeles, Phoenix, Philadelphia, San Antonio, Seattle, Cincinnati, Milwaukee, St.

Louis, Staten Island, Memphis, and Santa Monica. The Agreement allows DevvStream and Global Green to quickly and efficiently connect and coordinate with municipal governments across the U.S., empowering cities to achieve their net-zero goals by: Generating carbon credits from their current emissions-reducing activities, Purchasing high-integrity carbon credits to offset their hard-to-abate emissions, and Joining turnkey decarbonization programs such as DevvStream's Buildings and Facilities Carbon Offset Program, a free-to-join program that helps building owners create revenue from carbon reduction actions. In exchange for services related to the Agreement, DevvStream will retain a portion of the carbon credits generated or sold.

DevvStream expects to announce the first SNSP projects during First Quarter 2024.