Deep Sky Secures $40M to Advance Direct Air Capture

Deep Sky, a leading carbon removal project developer based in Quebec, has announced a landmark $40 million grant commitment from Breakthrough Energy Catalyst.

This funding will accelerate the construction of Deep Sky Alpha, the company’s flagship facility dedicated to advancing Direct Air Capture (DAC) technologies.

This milestone marks Catalyst's first-ever investment in both a Canadian and DAC-focused project, underscoring the potential of Deep Sky’s approach to addressing climate change.

The Potential Positive Impact of Scaling Deep Sky’s Carbon Removal Efforts

If Deep Sky successfully scales its carbon removal technologies, the potential benefits could be transformative:

• Climate Mitigation: Large-scale deployment of Direct Air Capture (DAC) could significantly reduce atmospheric CO2 levels, helping to combat climate change and meet global net-zero targets.
• Affordable Carbon Removal: Scaling operations can drive down the cost of carbon removal, making high-quality carbon credits more accessible for businesses aiming to offset emissions.
• Sustainable Energy Use: Deep Sky’s reliance on renewable energy, such as hydroelectric and wind power, ensures its facilities contribute to a greener energy landscape.
• Global Leadership for Canada: Establishing Canada as a hub for engineered carbon removal could attract investments, spur innovation, and position the country as a global leader in climate tech.
• Economic and Environmental Synergy: By integrating cutting-edge technologies, Deep Sky offers a sustainable path to balancing industrial growth with environmental stewardship, paving the way for a scalable, impactful carbon removal industry.

About Deep Sky

Montreal-based Deep Sky is the world’s first tech-agnostic carbon removal project developer. By uniting leading direct air and ocean carbon capture technologies, Deep Sky aims to remove gigatons of carbon from the atmosphere and provide businesses with the largest supply of high-quality carbon credits.

Backed by $130 million in funding and a roster of top-tier investors, Deep Sky is setting a new benchmark for commercializing carbon removal solutions.

About Breakthrough Energy Catalyst

Breakthrough Energy Catalyst, an initiative of Breakthrough Energy, supports first-of-a-kind commercial projects for emerging climate technologies.

By combining financial investments with industry expertise, Catalyst accelerates the global adoption of scalable and cost-effective solutions in areas such as clean hydrogen, sustainable aviation fuel, DAC, and more.

Transforming Carbon Removal with Deep Sky Alpha

Deep Sky Alpha, formerly known as Deep Sky Labs, is designed to test and deploy multiple innovative DAC technologies. The facility will act as a hub for identifying the most promising methods to lower the cost of large-scale commercial carbon removal.

Scheduled to begin operations by Spring 2025, Alpha will produce high-quality carbon removal credits, providing businesses with scalable solutions to meet their net-zero targets.

Catalyst's support strengthens Deep Sky’s mission to establish Canada as a global leader in carbon removal.

With abundant natural resources, including hydroelectric and wind power, coupled with ideal geological conditions for carbon storage, Canada offers a unique advantage for the development of engineered carbon removal infrastructure.

A Partnership to Accelerate Innovation

This collaboration with Breakthrough Energy Catalyst is more than just financial backing. It is a strategic partnership aimed at scaling impactful climate solutions. Damien Steel, CEO of Deep Sky, emphasized the significance of the partnership:

"Catalyst's investment is pivotal for realizing our ambitious goals, but their expertise in scaling projects has already transformed our approach. Together, we’re setting the stage for the next generation of carbon removal technologies."

Catalyst, a program committed to funding large demonstration projects and first-of-a-kind commercial ventures, is focused on accelerating climate innovation. Mario Fernandez, Head of Breakthrough Energy Catalyst, highlighted the importance of Deep Sky’s platform:

"Deep Sky Alpha offers a unique opportunity to test and refine multiple DAC technologies, paving the way for affordable and scalable carbon removal solutions. This project represents a crucial step toward achieving net-zero emissions at a global scale."

Scaling Impact Beyond 2025

The collaboration aims to deliver cutting-edge Carbon Dioxide Removal (CDR) technologies capable of significantly reducing atmospheric carbon levels. As high-quality CDR becomes a critical component of climate mitigation, Deep Sky’s innovative approach could play a transformative role in reducing costs and scaling adoption.