DevvESG Streaming and LED Green Light launch first carbon streaming investment vehicle for LED lighting and retrofits
Innovative approach provides upfront financing to corporations, cities and nations for immediate investment in sustainability projects that result in carbon credit generation
VANCOUVER, BC, Jan. 7, 2022 — DevvESG Streaming, a carbon streaming investment company, and LED Green Light International (“LEDGLI”), a designer and manufacturer of advanced LED lighting products, today announced the launch of the first carbon streaming initiative to provide investments into large-scale LED lighting deployments worldwide. The joint initiative takes a unique approach, offering upfront funding for both new and retrofit LED installation projects in exchange for rights to the carbon credits generated by those projects.
“We believe that all the solutions required to address climate change exist in the world today,” said Sunny Trinh, CEO of DevvESG Streaming. “However, these solutions are hindered by a number of significant barriers such as funding and geography. Our mission is to help remove these barriers by financing carbon-reducing and clean-energy technologies and bringing them to the locations that need them most.”
The initiative’s goal is to offer corporations, cities and nations the initial capital required to launch green projects that improve businesses and communities, while simultaneously managing the process of carbon credit generation and certification upon the work’s completion. In addition to LED lighting deployments, DevvESG Streaming also invests in other large-scale sustainability projects that generate renewable energy, reduce greenhouse gas emissions, or sequester atmospheric carbon dioxide. Funding is currently available, with a range of new projects already under evaluation.
“We pride ourselves on offering the longest lasting and most sustainable LED products available in the industry,” said William ‘Bill’ McNamara, Chief Operations Officer of LED Green Light International. “Our partnership with DevvESG Streaming opens a critical path for us to continue providing innovative, advanced and highly energy efficient 96+ CRI LED lighting and advanced controls to universities, schools, corporations, and public buildings around the world.”
To help manage and validate the data required to produce, package and trade carbon credits, DevvESG Streaming utilizes the DevvX blockchain platform developed by Devvio, Inc. The fastest and most scalable blockchain in existence at over 8 million transactions per second, DevvX is based on over 5 years of R&D and has been deployed in a number of real-world enterprise applications. It offers immutability, privacy, Byzantine Fault Tolerance, patented theft and loss protections, and a RESTful API interface for straightforward integration into existing systems. The only ISO-compliant green blockchain in existence, DevvX would consume 3.5 billion times less energy than Bitcoin during the execution of similar operations.
About DevvESG Streaming
DevvESG Streaming is an innovative investment vehicle that provides upfront capital for green projects—projects that eliminate energy inefficiencies, generate renewable energy, reduce greenhouse gas emissions, or sequester carbon from the atmosphere—in exchange for the rights to carbon credits produced by those projects. Its unique approach offers capital to incentivize and jumpstart environmental projects while seamlessly managing the entire carbon credit generation process from beginning to end. Leveraging a comprehensive ecosystem of partnerships, DevvESG Streaming invests in a variety of groundbreaking projects across the ESG spectrum, including LED retrofits, EVs and EV charger installations, solar and other renewable energy generation, plastic recapture and reuse, livestock management, and more. For additional information, please visit www.DevvESG.stream.
About LED Green Light International
Founded in 2008, LED Green Light International (LEDGLI) is an innovative US company that designs and manufactures advanced LED lighting products that produce the highest quality full-color rendering index (96+ CRI), highest energy efficiency efficacy (159 Lumens per watt @ 96+ CRI), longest lasting and most sustainable (120,000 hours) LED lighting and controls products available anywhere in the lighting industry today (10-year non-prorated warranty). LEDGLI is a 2021 winner of the State of California’s Million LED Challenge (MLC). For further information, visit www.ledgreenlightint.com.
DevvESG Streaming Media Contact
Mark Hazlin, Xenophon Strategies, mhazlin@xenophonstrategies.com, (202) 289-4001.
LED Green Light Media Contact
James Duggan, LED Green Light International, 949-544-9522.
All brand names, product names, or trademarks belong to their respective holders. DevvESG Streaming reserves the right to alter product and service offerings, specifications and pricing at any time without notice. ©DevvESG Streaming. All rights reserved.
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