dynaCERT Inc. ("dynaCERT" or the "Company") is very pleased to announce that the Company has received the final Verra approval of its Carbon Credit Methodology.
This Verra-approved methodology marks a significant milestone in dynaCERT’s ongoing business evolution, as it underscores the impact of the Company's HydraGEN™ Technology, which is designed to reduce both fuel consumption and carbon emissions in a wide range of sizes of Internal Combustion Engines (“ICE”). dynaCERT’s innovative product line serves an extensive range of ICE applications, including sectors such as transportation, mining, construction, oil & gas and diesel generators.
The Verra Methodology
On October 4, 2024, Verra published its Verified Carbon Standard (VCS) Methodology Revision VMR0004 Improved Efficiency of Fleet Vehicles, v2.0. See the recently published Methodology here: Verra Methodology. See also the Verra Press Release of October 4, 2024, entitled “Verra Publishes Revised Vehicle Fleet Efficiency Methodology” here: Verra Press Release.
According to Verra:
“This methodology was developed by dynaCERT (and others), based on CDM methodology AMS-III.BC Emission Reductions Through Improved Efficiency of Vehicle Fleets, v3.0.
This methodology is applicable to project activities that improve the efficiency of vehicle fleets, including transport vehicles and mobile machinery, resulting in reduced greenhouse gas emissions from fuel and electricity consumption.
This revision introduces the option to monitor individual vehicles using telematics systems, which provide continuous tracking of odometer readings, fuel consumption, and operational time. This data is recorded in a centralized database, streamlining project monitoring.
Additionally, the methodology has been updated to better align with net-zero transition goals by setting a cut-off date for the inclusion of new fossil fuel vehicles and ensuring compatibility with national and regional net-zero transition plans and decarbonization strategies.
It also incorporates a conservativeness deduction based on uncertainty assessment and enhances the additionality demonstration procedures by including the investment analysis option, requiring a common practice analysis, and excluding the common practice barrier.
This methodology is a revision to AMS-III.BC.: Emission reductions through improved efficiency of vehicle fleets (external) and is globally applicable to project activities that improve the efficiency of vehicle fleets and mobile machinery (e.g., fleets of trucks, buses, cars, taxis or motorized tricycles, excavators, cranes), resulting in reduced fuel usage and greenhouse gas (GHG) emissions.”
Recurring Benefits for dynaCERT Clients
This pivotal approval by Verra opens the door for many clients of dynaCERT to earn a multi-year recurring stream of valuable Carbon Credits by using the Company’s HydraGEN™ Technology. dynaCERT plans to share equally the Carbon Credit benefits registered under Verra with users of HydraGEN™ Technology.
Quantification of GHG Reductions
In addition to providing a financial incentive derived from the sale of Carbon Credits, users deploying HydraGEN™ Technology will now have the ability to accurately quantify their GHG emissions reductions. This measurable impact is a key criterion for driving significant sales of HydraGEN™ Technology to large-scale clients.
Measurement Objectivity
A unique feature of the Methodology developed by dynaCERT is the precise, objective measurement of reduction of GHG emissions. dynaCERT’s HydraLytica™ Telematics eliminates human intervention and derives all its data from the Internal Combustion Engine’s ECU. This level of accuracy is expected to enhance the market value of dynaCERT’s Carbon Credits, as uncertainties and assumptions that often affect the valuation of competing Carbon Credits can be avoided.
Global Significance
This represents a major breakthrough for dynaCERT. Also, as dynaCERT’s HydraGEN™ Technology is designed to function on millions of engines world-wide, dynaCERT is now positioned to propose the advantages of Verra Carbon Credits on a global scale, expanding the reach and impact of the Company’s emissions-reduction solutions.
Dr. James Tansey, a director of dynaCERT and the CEO and a Director of Carbon Done Right Developments (TSX:V KLX), a public company focused on the development of carbon credits which to date has developed a portfolio of over 43,000,000 tonnes of carbon credits, stated, “The Verra Methodology is particularly suited to benefit clients of dynaCERT that wish to reduce their carbon footprint using the Company’s HydraGEN™ Technology. In addition, dynaCERT’s HydraLytica™ Telematics is expected to be very well received in Carbon Credit markets.”
Jean-Pierre Colin, Executive Vice President & Director and CFO of dynaCERT, stated, “The entry of dynaCERT into the multidimensional world of Carbon Credits marks a hugely important catalyst in our Company’s history. A new pathway has opened up which has potential to grow to become exponentially significant. The more HydraGEN™ Technology Units that dynaCERT distributes throughout the globe, the more users of the technology can apply for Carbon Credits. Through dynaCERT and Verra’s Methodology, many users of ICE engines throughout the world using dynaCERT’s HydraGEN™ Technology now have the opportunity to become validated contributors to the global effort to reduce GHG emissions.”
Jim Payne, Chairman and CEO of dynaCERT, stated, “On behalf of the entire board of dynaCERT, I congratulate and thank our team of Carbon Credit experts, our consultants and our contributors that made this Verra step a possibility. We also sincerely thank all the professionals at Verra who worked diligently to bring this Methodology to fruition. Many of our customers that strive to improve their sustainability image have indicated that they prefer vehicles equipped with our technology. From now on our clients can capitalize on the benefits of HydraGEN™ Technology by generating future streams of Carbon Credits. Verra Carbon Credits have the potential to benefit our clients as well as our dealers and all our stakeholders, as they align with our corporate goals. I look forward to discussing our developments and objectives with our clients and dealers in the following weeks.”
