News Summary

Montréal-based cleantech startup Deep Sky has inaugurated its pilot carbon-capture facility, Deep Sky Alpha, in Innisfail, Alberta. This facility, which is powered by solar energy, aims to capture 3,000 tonnes of CO2 from the atmosphere by the end of the year, contributing to the reduction of fossil-fuel emissions and climate change mitigation. Founded by Hopper co-founders Frederic Lalonde and Joost Ouwerkerk, Deep Sky intends to monetize this technology through the sale of carbon credits, with companies like Microsoft and the Royal Bank of Canada already purchasing credits worth 10,000 tonnes of stored CO2 over a decade. The newly operational site plans to test and validate various DAC technologies from companies including Québec-based Skyrenu Technologies and British firms Airhive and Mission Zero Technologies. Deep Sky has secured over $130 million in funding, including a $40-million USD grant from Bill Gates’ Breakthrough Energy Catalyst.