DevvStream and Southern Energy Renewables
By DevvStream
Today we announced that DevvStream has signed a definitive agreement to combine with Southern Energy Renewables and form a new U.S.-domiciled, Nasdaq‑listed company focused on low‑cost, carbon‑negative SAF and green methanol. The combined platform is designed to use domestic biomass, integrated carbon capture and our established environmental‑asset capabilities to help aviation and maritime operators meet tightening global mandates such as ReFuelEU and IMO targets.
Operationally, the new company is expected to have two divisions: one focused on climate solutions that generate environmental assets, and one centered on a Louisiana biomass‑to‑fuel facility that plans to produce carbon‑negative SAF and green methanol at commercial scale. Southern has also completed an initial ~$2.0 million PIPE investment in DevvStream at $15.58 per share, and the Louisiana Community Development Authority has approved up to $402 million in revenue bonds in support of Southern’s flagship project.
We believe this combination positions us to move from a micro‑cap services profile to a larger, financeable industrial platform with long‑duration revenue potential. Closing is currently expected in the first half of 2026, subject to shareholder and regulatory approvals. We encourage investors and partners to read the full joint press release and, when available, the Form S‑4 for more detailed information.