ShiftCarbon (CSE:SHFT), formerly TraceSafe, has announced its partnership with Patch, a platform scaling unified climate action, to expand access to ShiftCarbon (CSE:SHFT) credits.
The Internet of Things (IoT) platforms provider and innovator in end-to-end decarbonization solutions said through this partnership, ShiftCarbon (CSE:SHFT) has listed its carbon credits from verified global projects on the Patch marketplace, which can then be sold to corporate buyers and platforms directly through the Patch API.
“We are thrilled to announce our partnership with Patch, a leading player in the climate tech space,” ShiftCarbon (CSE:SHFT) CEO Wayne Lloyd said in a statement.
READ: Tracesafe formally changes name to ShiftCarbon Inc with CSE ticker symbol SHFT
“Patch is a trusted leader in the climate tech industry, and we are proud to be jointly driving the decarbonization movement and helping enterprises reach their sustainability goals,” Lloyd added.
Patch empowers companies of any size to help rebalance the planet while advancing their business objectives and democratizes access to the broadest selection of carbon credits available through product integrations, direct purchases, and multi-year offtake agreements, according to the company.
ShiftCarbon noted that Patch recently announced $55 million in series B funding from Energize Ventures and has received backing from investors such as Coatue Management, Version One Ventures, Andreessen Horowitz, and others.
ShiftCarbon provides an innovative platform for carbon accounting, offsets, and Measurement, Reporting and Verification (MRV) automation. ShiftCarbon Offset provides enterprises with powerful APIs that allow customers to embed carbon offsets into their business.
ShiftCarbon also operates TraceSafe, a leading IoT cloud platform that uses sensor technology to deliver precise and timely information, powering safer and smarter enterprise environments.
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