#USA #Dubai #Fayafi Investment Holding #DevvStream Corp #Green Ventures

DevvStream Corp and Fayafi Investment Holding Unite for Sustainability

In a significant step towards promoting global sustainability, DevvStream Corp., listed on NASDAQ as DEVS, has entered into a Memorandum of Understanding (MoU) with Fayafi Investment Holding. This partnership aims to establish a joint venture named "Fayafi x DevvStream Green Ventures," focusing on accelerating investments in decarbonization and climate infrastructure projects on a worldwide scale.

DevvStream, known for its expertise in carbon management, is lauded for its innovative approach in developing, investing, and selling environmental assets. The collaboration with Fayafi Investment Holding, a prominent player in the UAE’s investment landscape, signifies a commitment to addressing critical climate challenges through strategic financial backing and operational support.

The joint venture is envisioned to integrate DevvStream's operational know-how with Fayafi's substantial financial resources, ultimately creating a robust platform dedicated to identifying, funding, and scaling environmental projects across emerging markets. With a projected initial funding commitment of $100 million, this venture is strategically positioned to increase its capital allocation based on the performance of its projects and the efficiency of its capital deployment.

Carl Stanton, the Chairman of DevvStream, emphasized the necessity of such ventures: "Fayafi x DevvStream Green Ventures is designed to effectively meet the growing demands for climate finance in an ever-changing world. This partnership is poised to allow us to scale our operations rapidly while providing substantial benefits to our investors."

Bobby Campbell, Chief ESG Investment Officer for Fayafi, echoed this sentiment, highlighting the MoU as a pivotal achievement towards fostering climate finance. The structure of the joint venture is set to allocate ownership predominantly in favor of Fayafi at 80%, with DevvStream retaining a 20% stake, ensuring the economic benefits are shared in a pro-rata manner.

What sets this partnership apart is its capital-light framework, which minimizes upfront investments for DevvStream while expanding its global footprint in energy transition and environmental asset management. Fayafi is expected to be the financial backbone of the venture while leveraging its institutional connections to facilitate market access, regulatory approvals, and the scalable execution of projects.

As the two companies work through the feasibility phase, DevvStream will retain exclusive rights on carbon-related opportunities, reflecting their shared dedication to long-term strategic alignment and responsible project selection. The completion of firm agreements is anticipated in the second quarter of 2025, with initial project deployments aimed for the latter half of the year.

DevvStream's role as the operational leader entails a comprehensive approach: evaluating sustainability projects, structuring environmental assets to comply with global standards, managing implementation phases, and overseeing carbon credit generation and monetization efforts. The operational synergies formed within this venture are expected to enable DevvStream to enhance its capabilities in meeting climate objectives while opening new revenue streams through project management and consulting efforts.

Founded in 2021, DevvStream stands at the forefront of using technology in carbon project development with a mission to harmonize sustainability with profitability. The partnership with Fayafi Investment Holding is poised to bolster this mission, fostering a new era of energy transition efforts designed to leave a meaningful imprint on the climate.

Fayafi Investment Holding, headquartered in Dubai, is known for diversifying its investments across various sectors, including AI, defense, biotech, and real estate, and will bring its extensive asset management experience to this alliance. By harnessing their collective strengths, this joint platform aims not only for profitability but also for impactful environmental stewardship, paving the way for sustainable investment opportunities across the globe.

As this partnership unfolds, the industry will be watching closely, anticipating innovative solutions and significant strides towards achieving sustainability goals worldwide.

Contact Information:
Fayafi Investment Holding
Email: [email protected]
Located in DIFC, Dubai, UAE