The Danish company Agreena has announced its acquisition of UK-based Hummingbird Technologies. The purchase of MRV-technology from Hummingbird is to further ensure the validity of Agreena’s carbon certificates.
Agreena and Hummingbird have been closely collaborating for years. With the acquisition, Agreena aims to develop Hummingbird’s MRV (monitoring, reporting & verification) technology, which is to help create trustworthiness around soil carbon certificates.
Hummingbird Technologies has developed a machine learning-based monitoring and verification solution that uses low-orbit satellite imagery and ground-truth data. It automatically recognises and reports on-farm regenerative agriculture practices such as cover crops, tillage, and crop rotations to track green biomass and continuously monitor field activities.
Agreena says that merging the two companies’ technology capabilities and bringing Hummingbird’s AI-based verification in-house is just the beginning and that jointly, the teams will be delivering innovative new tech solutions for the agriculture industry and soil carbon markets.
Agreena started as a digital trading platform intended to make grains trading more democratic and efficient. Today Agreena’s platform facilitates issuing and trading of carbon certificates for European farmers and is now serving 13 countries in Europe. The AgreenaCarbon program follows the crop year and thus allows the farmers to reap the value of their climate efforts on an annual basis. The program and its certificates are third-party validated and verified by DNV.
Through its program, Agreena mints, verifies, and sells third-party verified carbon certificates to the voluntary carbon market for farmers that have transitioned to regenerative agriculture practises with the platform. Read how Agreena helps farmers getting started with carbon credits.