DevvStream Corp. (NASDAQ: DEVS) entered into a non‑binding memorandum of understanding on December 30, 2025 with Southern Energy Renewables, IP3 Corporation and XCF Global to jointly evaluate the deployment of small modular reactors (SMRs) for continuous electrolysis, hydrogen production and e‑sustainable aviation fuel (e‑SAF) synthesis, while also exploring tokenized environmental attributes and digital measurement, reporting and verification (dMRV) systems.
The partnership seeks to combine DevvStream’s expertise in environmental asset monetization with IP3’s SMR development capabilities and Southern’s clean‑fuel production experience, creating a vertically integrated pathway from zero‑carbon electricity to high‑value SAF and a robust marketplace for verified environmental credits. The parties will assess the feasibility of using SMR‑generated electricity to power e‑SAF production, the economics of scaling such a system, and the regulatory and market pathways for tokenized credits.
CEO Sunny Trinh of DevvStream said the collaboration “opens a new America‑first model that leverages U.S. resources, digital infrastructure and scalable markets to lower the delivered cost of clean energy and fuels.” Southern’s CEO Jay Patel added that the MOU “aligns with our commitment to domestic energy, infrastructure and production, positioning us to meet growing demand for firm, low‑carbon power.” IP3’s former CEO Mike Hewitt noted that the partnership “provides a strategic route to deploy SMRs that can supply firm power for e‑SAF production, supporting both U.S. and European markets.”
Market reaction to the announcement was swift: DevvStream’s shares rose between 6.8% and 20.8% on the day of the announcement, reflecting investor enthusiasm for the potential revenue streams and competitive positioning in the clean‑fuel and carbon markets. XCF Global’s shares fell 4.55%, a reaction attributed to the non‑binding nature of the agreement and uncertainty over the timing of any definitive commitments.
The MOU is a strategic pivot that could position DevvStream as a key player in the emerging intersection of nuclear power, advanced fuels and digital environmental asset markets. By integrating SMR‑generated electricity with e‑SAF production, the partnership could unlock new revenue streams, enhance liquidity in the environmental credit market, and strengthen each partner’s competitive edge in a rapidly evolving “America‑first” energy landscape.
The collaboration also signals a broader industry trend toward integrating nuclear power with renewable‑driven fuel production and blockchain‑enabled environmental asset monetization, potentially setting a precedent for future cross‑sector partnerships in the clean‑energy space.
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