DevvStream Signs MOU With IP3, Southern Energy Renewables And XCF To Explore U.S. Small Modular Reactor Nuclear Power For eSAF Production, AI Infrastructure And Tokenized Environmental Assets

Exploring U.S.-based nuclear power as a strategic enabler for advanced fuels, AI-era infrastructure, and tokenized environmental assets

Potential to advance next-generation eSAF pathways by pairing continuous clean electricity with electrolysis, hydrogen production, and low-carbon fuel synthesis

Assessing potential pathways for leveraging American power, American feedstocks, and American infrastructure to strengthen U.S. industrial and energy leadership

DevvStream Corp. (NASDAQ:DEVS) ("DevvStream"), a leading carbon management and environmental-asset monetization firm, today announced a non-binding memorandum of understanding ("MOU") to evaluate a strategic collaboration focused on small modular reactor ("SMR") nuclear power development, electro-sustainable aviation fuel ("eSAF") production, and the creation, verification, and monetization of eligible environmental attributes alongside IP3 Corporation ("IP3"), Southern Energy Renewables Inc. ("Southern"), and XCF Global Inc. ("XCF") (NASDAQ:SAFX) (together "the parties").

The MOU outlines a proposed integrated framework to assess the development and deployment of firm, zero-carbon nuclear electricity from SMRs to support clean fuel production and energy-intensive end markets, including AI data centers, while enabling robust environmental-attribute structures that may meet evolving compliance, reporting, and market standards. The MOU also outlines a framework to explore the development and deployment of SMR-generated electricity to support existing and future operating assets, including a potential nuclear power solution for a proposed SAF refinery in Louisiana, and to enable a scalable portfolio of verifiable environmental attributes.

If pursued, the parties intend to advance reliable, zero-carbon nuclear power to enable continuous electrolysis, hydrogen production, and downstream fuel synthesis, while also supporting excess clean-power offtake for third-party customers where appropriate.

The parties also intend to evaluate, as part of the negotiation of definitive agreements, environmental-attribute structures associated with eSAF and related low-carbon fuel pathways, including emerging "book-and-claim" and SAF certificate frameworks that allow airlines and corporate buyers to access verified in-sector emissions reduction attributes when physical fuel delivery is constrained.

In parallel, and pending the execution of definitive agreements, the MOU contemplates future development of digital infrastructure to enhance transparency, provenance, and auditability, including tokenization of eligible environmental assets and the use of digital measurement, reporting, and verification ("MRV") systems to support data quality, provenance, and auditability.