Quebec-based carbon removal project developer Deep Sky has secured a $40m grant to support the development of its Deep Sky Alpha facility, the company’s first facility that is targeting a start-up date in Spring 2025.
Deep Sky Alpha, formerly Deep Sky Labs, will showcase several direct air capture (DAC) technologies to support Deep Sky’s goal of reducing the cost of large-scale carbon removal projects.
The company received the funding commitment from Breakthrough Energy Catalyst (Catalyst). The investment is Catalyst’s first in Canada and in DAC.
Damien Steel, CEO of Deep Sky, said the investment marks a significant milestone.
