LONDON: i(x) Net Zero PLC (AIM: IX.), the investing company which focuses on Energy Transition and Sustainability in the Built Environment, announced that its portfolio company, Context Labs, an Enterprise Data Fabric Climate Tech company, has secured a multi-year partnership with Williams, a Fortune 500 American energy company with operations across the natural gas value chain for large-scale enterprise-wide deployment of its Immutably™-based Decarbonization as a Service™ (“DaaSTM”) platform.
Context Labs is a developer of blockchain-enabled platform solutions that deliver trust and transparency in order to help businesses track their carbon emissions. The deployment of this enterprise data fabric solution will target Williams’ facilities, along with its upstream and downstream ecosystem partners representing 30 percent of the natural gas in the United States, to facilitate Williams’ energy transition and affirm its commitment to provide transparency and strong governance regarding its decarbonisation ambitions.
Steve Oyer, Chief Executive Officer of i(x) Net Zero, said: “We applaud the team at Context Labs for achieving this historic milestone and securing its first large-scale enterprise-wide client. Context Labs’ “DaaSTM” platform exemplifies what it means to implement sustainable business strategies that foster energy transition at scale and provide investors access to tangible impact. We look forward to seeing more companies taking a cue from Williams and utilising data solutions to support their decarbonisation ambitions.”
Dan Harple, Founder and CEO of Context Labs added: “We are thrilled to provide key enabling technologies to Williams to support its energy transition strategy. Our DaaS™ data fabric platform, based on our Immutably™ technologies, will integrate and connect the Williams ecosystem of supply chain partners, enabling a full end-to-end solution. This is one step further towards our goal for Context Labs’ technology to serve as the bedrock for the future of responsible, informed, and trusted Climate Tech.”
