Wikipedia

Deep Sky (company)

Deep Sky is a Canadian project development company specializing in carbon removal facilities. The company uses direct air capture (DAC) and direct ocean capture (DOC) technologies to remove carbon from air and water.[1]

Deep Sky
IndustryCarbon capture and storage
Founded2022 (2022)
Headquarters
Montreal
,
Canada
Websitewww.deepskyclimate.com

The company deploys multiple existing carbon sequestration technologies at a large scale.[2] It is currently developing a number of carbon capture campuses, each of which is projected to capture and sequester 200,000–300,000 tons of carbon per year.[2]

History

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Deep Sky was founded in 2022 by Fred Lalonde, and Joost Ouwerkerk, co-founders of the app-based travel company Hopper, and Laurence Tosi, the former CFO of Airbnb.[3][4]

In 2023, the company initially raised $10 million in funding from the Quebec government, Brightspark Ventures, and private investors.[5] The company raised an additional $65 million in funding from Whitecap Venture Partners, Investissement Quebec, BDC Capital, and Ontario Municipal Employees Retirement System for a total of $75 million.[6][7]

In 2024, the company announced a number of partnerships to research and develop pilot projects in order to assess the commercial viability of various DAC technologies.[8][9][10]

As of 2024, Deep Sky has partnerships with carbon removal companies and startups, including Carbon Atlantis,[11] Equatic,[12] Skyrenu,[13] Mission Zero,[14] Neg8,[15] Greenlyte,[16] Carbfix,[17] Avnos,[18] Climeworks,[19] Skytree,[20] Captura,[21] Sustaera[22] and Svante.[23]

In December 2024, a US$40 million grant was awarded by Bill Gates' climate solutions venture, with Deep Sky stating that its Alberta test site will begin removing carbon directly from the atmosphere in the spring.[24]

Technologies

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Deep Sky is testing a number of carbon removal technologies to assess their viability for large scale carbon removal plants at Deep Sky Labs in Alberta.[12][25][26][27]

Carbon capture using seawater

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In partnership with Equatic, a California-based company, Deep Sky is building a pilot project which uses electrolysis technology developed at UCLA. This method of DAC locks atmospheric carbon into seawater as dissolved bicarbonate ions and as mineral carbonates and produces green hydrogen for use as fuel.[12][28]

Electrochemical carbon dioxide removal

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In partnership with California-based Captura, Deep Sky is testing electrochemical ocean carbon dioxide removal. The process removes carbon from ocean water by separating the water into acidic and alkaline solutions and then using different processes to remove carbon from each of the solutions.[21]

Deep Sky has established partnerships with UK-based company Mission Zero[14]and Germany-based Greenlyte to test similar DAC technologies.[16]

Carbon storage using mineralization

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In Thetford Mines and Bécancour Canada, Deep Sky is developing a process known as in-situ mineralisation, in which CO2 is injected into underground rocks that react with carbon dioxide, converting it into solid stone. When CO2, dissolved in water, is injected into subsurface mafic and ultramafic rock formations, it is permanently stored as calcite rock. This method produces no harmful byproducts and ensures that the CO2 does not return to the atmosphere.[29][30]

Business model

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Deep Sky operates a business model centred on the sale of carbon credits. The company provides carbon credits to compliance markets, voluntary markets, and government procurement programs. These credits are purchased by major corporations, including Fortune 500 companies, to offset carbon emissions.[31]

According to Carbon Herald, Deep Sky aims to enhance the efficiency of current carbon removal technologies. The company focuses on the research and development of various technologies, integrating them into a unified process, with an emphasis on direct air capture (DAC) and direct ocean capture (DOC). It also seeks to utilise Canada's geological features and renewable energy resources in its efforts.[32]

See also

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References

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  1. ^ Shingler, Benjamin (April 18, 2024). "Quebec eyed as prime spot to suck carbon from atmosphere". CBC. Retrieved July 27, 2024.
  2. ^ a b "Hopper CEO's climate startup Deep Sky raises $57.5-million – but faces huge odds, experts say". The Globe and Mail. 2023-11-16. Retrieved 2024-07-30.
  3. ^ Patriquin, Martin (2024-05-07). "Out of thin air". The Logic. Retrieved 2024-07-29.
  4. ^ "Hopper co-founders launch new carbon capture startup, Deep Sky, with $10 million in funding". 2023-05-08. Retrieved 2024-07-29.
  5. ^ "Hopper CEO wants to turn Canada into a carbon-capture capital with startup Deep Sky". The Globe and Mail. 2023-05-07. Retrieved 2024-07-29.
  6. ^ "Hopper CEO's climate startup Deep Sky raises $57.5-million – but faces huge odds, experts say". The Globe and Mail. 2023-11-16. Retrieved 2024-07-29.
  7. ^ "Carbon-Capture Firm Deep Sky Gets $55 Million of Fresh Capital". Bloomberg.com. 2023-11-16. Retrieved 2024-07-29.
  8. ^ Leimbach, Sydney (15 February 2024). "Deep Sky, Carbyon Pilot Carbon Removal System in Canada – Environment+Energy Leader". Environment Energy Leader. Retrieved 2024-07-31.
  9. ^ "Carbon Removal Leaders Deep Sky and Svante Partner to Study Carbon Storage Feasibility in Southern Quebec, Canada". Yahoo Finance. 2023-08-17. Retrieved 2024-07-31.
  10. ^ "Deep Sky secures access to Exterra Carbon Solutions' carbon storage pilot – Canadian ManufacturingCanadian Manufacturing". www.canadianmanufacturing.com. 2023-08-09. Retrieved 2024-07-31.
  11. ^ George, Violet (2023-12-14). "Deep Sky And Carbon Atlantis To Deploy DAC Technology In Canada". Carbon Herald. Retrieved 2024-07-31.
  12. ^ a b c "Deep Sky, Equatic plan commercial-scale ocean carbon removal plant in Quebec". sustainablebiz.ca. Retrieved 2024-07-31.
  13. ^ George, Violet (2024-01-09). "Deep Sky & Skyrenu Partner On Carbon Removal In Canada". Carbon Herald. Retrieved 2024-07-31.
  14. ^ a b Geschwindt, Siôn (2024-03-18). "This little carbon-sucking machine could crack DAC's big energy problem". TNW | Sustainability. Retrieved 2024-07-31.
  15. ^ "Exclusive: Irish startup to test modular DAC tech in Canada". Latitude Media. 7 February 2024. Retrieved 2024-07-31.
  16. ^ a b George, Violet (2024-01-17). "Deep Sky And Greenlyte Carbon Sign New DAC Deal". Carbon Herald. Retrieved 2024-07-31.
  17. ^ Trendafilova, Petya (2024-04-25). "Deep Sky Launches First CO2 Mineralization Storage Project with Carbfix". Carbon Herald. Retrieved 2024-07-31.
  18. ^ Welk, Hannah (2024-04-29). "Avnos Raises $36 Million, Grows Operations". Los Angeles Business Journal. Retrieved 2024-07-31.
  19. ^ Tiernan, Jonny (2024-04-15). "Climeworks Wins Funding For Direct Air Capture & Storage In Norway". CleanTechnica. Retrieved 2024-07-31.
  20. ^ Trendafilova, Petya (2024-04-04). "Deep Sky To Deploy DAC Unit From Skytree In Canada". Carbon Herald. Retrieved 2024-07-31.
  21. ^ a b "Oceans could be used for carbon capture on a big scale". CBC. September 14, 2023.
  22. ^ "Deep Sky and Sustaera to explore Canadian project". Carbon Capture Technology Expo. 2024-06-03. Retrieved 2024-10-06.
  23. ^ L, Jennifer (2023-08-25). "Deep Sky and Svante Partner for Gigaton-Scale CDR in Canada". Carbon Credits. Retrieved 2024-10-07.
  24. ^ "Canadian carbon removal company scores US$40M grant from Bill Gates-backed fund". Global News.
  25. ^ "Deep Sky Labs' CEO is all in for Innisfail". The Albertan. 2024-08-14. Retrieved 2024-08-17.
  26. ^ "Deep Sky to build carbon removal test site in Alberta". sustainablebiz.ca. Retrieved 2024-08-17.
  27. ^ "Alberta Major Projects – Carbon Removal Innovation & Commercialization Centre". majorprojects.alberta.ca. Retrieved 2024-08-17.
  28. ^ "Deep Sky to pilot Equatic's DAC seawater tech at Quebec facility". sustainablebiz.ca. Retrieved 2024-07-31.
  29. ^ "Deep Sky Advances Carbon Removal Studies in Bécancour and Thetford Mines". Carbon Capture Magazine. 2024-08-07. Retrieved 2024-10-06.
  30. ^ "Projet de séquestration de CO2 à Bécancour". Radio Canada (in French). 2024-06-18. Retrieved 2024-10-06.
  31. ^ "Carbon removal project developer Deep Sky looking to scale infrastructure plans in Canada". Osler, Hoskin & Harcourt LLP. Retrieved 2024-07-31.
  32. ^ George, Violet (2024-03-08). "Deep Sky Is Bringing Together The Entire Carbon Removal Value Chain". Carbon Herald. Retrieved 2024-07-31.
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