HalaZone will be providing a suite of technical and financial services to SolarSpace and its projects that will include (a) automated and digitized carbon credit calculation and verification; (b) digital credit registry; (c) digital credit exchange; and (d) carbon credit sales settlement via commercial banks and digital asset exchanges. HalaZone will also work on securing SolarSpace project SPV’s equity and long-term debt finance, and it will use the project’s carbon credits and other green instruments to provide additional security for lenders, and to lower the project finance cost.
About the SolarSpace Project
Many nations around the world, especially island nations, suffer from potable and freshwater insecurity. In almost all cases, water desalination and treatment are powered by fossil fuels, and many countries are looking for ways to address their freshwater needs, while lowering their overall carbon footprint and annual spending on hydrocarbons. SolarSpace is applying its groundbreaking concentrated solar energy technology at scale to desalinate brackish and sea water for the island nation of St. Kitts and Nevis. This will be the first 100% renewable energy, utility-scale desalination project of its kind. It also has the added benefit of producing zero concentrated brine to return to the ocean.
For more details, see https://mopieudt.gov.kn/mou-ccreee-solarspace/
Henk Schouten, Co-CEO and CRO of HalaZone added, “We are proud to be teaming with David Vili and SolarSpace on the beginning of applying his company’s innovative green technology around the world. HalaZone will originate and monetize carbon credits from SolarSpace’s project, and we will use those credits to enable access to low-cost green project finance, as proof as additionality, to enhance the security of project loans, and to increase financial returns to lenders and investors.”
David Vili, Founder and CEO of SolarSpace added, “This is a milestone day and Thanksgiving Day, which is fitting for the importance of our new partnership with HalaZone. We look forward to a long-term friendship, partnership and collaboration with HalaZone starting with our St. Kitts and Nevis water desalination project using our groundbreaking solar technologies.
SolarSpace and HalaZone will deliver a best-in-class project to and for the people of Saint Kitts & Nevis, and we will do it in a completely sustainable way with 100% “Made in the UAE” manufacturing and services. We are proud of and thankful for the support we receive from the governments of the United Arab Emirates, the United States of America, and Saint Kitts & Nevis. This is just the beginning for us, and we look forward to making it in the UAE and taking it to the world.”
About SolarSpace
SolarSpace is a United Arab Emirates-based Green Technology engineering, manufacturing, and services company. SolarSpace serves companies, governments, communities, and other entities that are seeking to deploy proprietary, cutting-edge solar technology to provide off-grid renewable energy; recycle, desalinate, and purify water; power and cool off-grid Data Centers and other buildings; produce green hydrogen and ammonia from seawater; extract rare earth mineral from brine; and space-based solar power.
For more information, see https://solarspace.io/
About HalaZone
HalaZone Technologies is a United Arab Emirates-based provider of Green Project Finance and carbon credit advisory, origination, and monetization services. HalaZone serves companies, governments, and entities that want to access liquidity and financing from obtaining Green Project designations from relevant authorities, and from the creation and monetization of carbon credits, carbon offsets, Renewable Energy Certificates (REC), and other green “instruments”.
For more information, see https://halazone.io/
]]>HalaZone Technologies’ Founders, Henk Schouten and Eric Fore, welcomed GuildOne’s Chief Executive Officer, James Graham, and Chief Innovation Officer, Alexis Pappas, to Dubai. Talks on furthering their strategic cooperation were held and business development updates and opportunities were shared and discussed. The executives and their companies are committed to supporting one another as both companies continue to grow and expand beyond their home markets.
About GuildOne Inc.
GuildOne is a pioneering technology company that specializes in transforming complex data into valuable information assets to enhance business performance. The company focuses on developing innovative digital assets and ESG solutions by leveraging blockchain technology. GuildOne has been recognized for its rapid growth, entrepreneurial spirit, and innovative solutions, earning awards such as the Deloitte Technology Fast 50
and the Aztec award for Outstanding Achievement in Information and Communications Technology.
For further information on GuildOne, please visit https://guild1.co/.
About HalaZone Technologies Limited
HalaZone Technologies is a UAE-based Green Technology & Finance Company. The company exists to create and monetize carbon credits, and other green instruments, from existing and in-development projects, to unlock value, generate liquidity, and to enable access to competitively priced green project finance. HalaZone serves credible, qualified green project developers, project owners, lenders, and investors.
For further information on HalaZone, please visit https://halazone.io/.
London, Dubai, and Calgary, 3 October 2023: ZERO13, GMEX Group’s digital climate fintech ecosystem is collaborating with Dubai-based HalaZone Technologies, the carbon credit project finance specialist, and Calgary-based CarbonCX, a digital platform for integration, calculation, aggregation, management and monetization of Carbon Reduction Credits. This partnership will enable clients with CO₂e¹ reduction projects to originate carbon credits and gain access to project financing or benefit from carbon offsets.
This climate fintech industry collaboration supports the expansion of carbon credit services to industrial companies around the globe with end-to-end digital provenance and integrity from project initiation, carbon credits issuance, and supply through to market side distribution.
Working with HalaZone and CarbonCX, GMEX Group will integrate HalaZone’s dMRV (digital Measurement, Recording, and Verification) capabilities within the ZERO13 aggregation platform and ecosystem and provide it by way of integration to the CarbonCX digital registry for enhanced carbon credit data integrity and trust. These latest alliances add to the expanding network of business and interconnection layers offered via the ZERO13 platform-as-a-service.
CarbonCX will provide automated collection, verification, aggregation and processing of accurate data related to voluntary carbon emission reductions. Once validated against several recognized and accepted methodologies and protocols, proprietary digital Carbon Reduction Credits will be generated automatically using secure blockchain technology.
Further integration of the respective CarbonCX and ZERO13 platforms will harness ZERO13’s expertise to validate CarbonCX’s initial (and ongoing) carbon credit validation processes and provide market access to link the supply of carbon credits to real-time demand. This will ensure optimised trading, clearing, and settlement. In particular, Carbon CX will leverage the ZERO13 multi-blockchain escrow and settlement platform (Pyctor) and ZERO13 Hub platform to ensure cross chain and cross API interoperability. This will maintain and optimize registry control of digitised carbon credits; connect multiple digital custodians, banks, and markets to global exchanges; manage credits available to trade, unsold credits, and the retirement process; and facilitate peer-to-peer trading between participants.
Hirander Misra, CEO of GMEX Group and ZERO13 added, “Both carbon avoidance and carbon reduction strategies must go hand in hand to ensure effective energy transition. This will ensure energy security as institutions and corporates strive to achieve their Net Zero objectives. We are incredibly excited to extend the ZERO13 digital ecosystem by way of our collaboration with Halazone Technologies and CarbonCX to facilitate this with a complete digital solution. This not only addresses the needs for carbon reduction, but it also extends to other types of carbon credits.”
Henk Schouten, Co-Founder and Co-CEO of HalaZone Technologies added, “Applying technology to reduce or eliminate existing or expected carbon emissions is key to Net Zero, but it has a real and often significant cost. Unlocking financial resources to enable the acquisition and application of emissions reduction technologies is the real power of carbon credits and offsets. We are pleased to be teaming up with GMEX ZERO13 and CarbonCX, as it provides our clients with the industry’s only fully digital, fully transparent, turnkey service and solution.”
Dave Tims, Co-Founder and Head of Strategy of CarbonCX added, “The integration of the CarbonCX process with GMEX’s fintech ecosystem, ZERO13, and HalaZone’s unique dMRV capabilities provides companies with a complete solution to record, report and realize on their incremental carbon reduction efforts. Utilizing our digital capabilities, we look to streamline the carbon credit process, guarantee permanence and increase global participation in carbon reduction efforts. Collectively, our companies operate at the intersection of leading-edge technologies and a global carbon reduction imperative.”
¹Carbon dioxide equivalent
** ENDS **
Media Contacts
GMEX Group
Alice Ellman-Brown
The Realization Group
Tel: +44 (0)7365 224804
About GMEX Group Limited
GMEX Group (GMEX) offers sustainable digital solutions for the new age of global markets. The firm is a leading global provider of multi-asset exchange trading and post-trade software and Software-as-a-Service (SaaS) market infrastructure solutions and ‘network of networks’ digital platform services. GMEX addresses end-to-end regulatory and contract environment needs for issuance, trading, clearing, and settlement across exchanges and across multiple asset classes including traditional, digital and hybrid assets, carbon credits and ESG real-world assets.
GMEX is the winner of:
Best Development in Fintech of the Year’ – 2022
Best Global Hybrid Finance FinTech Company’ – 2022
Best Solution for Trading Digital Assets’ – 2023
Most Influential Financial Technology Firms of 2023 – 2023
For further information on GMEX, please visit https://www.gmex-group.com/.
About ZERO13
ZERO13, a GMEX initiative, is an automated AI and blockchain-driven international carbon exchange, registry, and aggregation hub ecosystem. Accessed as a ‘Platform as a Service’ (PaaS), the ZERO13 Hub offers a distributed point of entry for digital issuance, trading, and settlement of carbon credits and real-world assets such as ESG securities.
ZERO13 Hub connects multiple international carbon exchanges, registries, custodians, and ESG project owners for supply verification, transparent pricing, and real-time settlement. Connections are via APIs and blockchain enabled by ZERO13 Chain (Pyctor).
For further information on ZERO13, please visit https://www.zero13.net/.
About HalaZone Technologies
HalaZone is a Dubai-based environmental intelligence services, technology, and finance company. It was founded and it is led by a team of experts in Data Science, Artificial Intelligence, and Project Finance. HalaZone advises companies and governments on qualifying and quantifying carbon emissions, developing emission reduction strategies, accessing financing to implement strategies, acquiring and deploying the best technologies to reduce or eliminate emissions, creating carbon credits, and monetizing or offsetting carbon credits.