DevvStream shares jump 12.25% intraday after LCDA authorizes $402M in bonds for Louisiana biomass-to-fuel project with Southern Energy Renewables.

DevvStream surged 12.25% intraday following the Louisiana Community Development Authority’s authorization of up to $402 million in revenue bonds for its biomass-to-fuel facility with Southern Energy Renewables. The approval marks a critical step in securing non-recourse financing for the carbon-negative sustainable aviation fuel and green methanol project, aligning with federal decarbonization goals and strengthening U.S. energy leadership. The partnership leverages Louisiana’s feedstock availability and infrastructure, with the next milestone being a December 15 volume-cap request and an expected January 2026 executive order. Investors likely viewed the development as de-risking the project’s financing path and validating the company’s environmental-asset monetization strategy.