Deep Sky

Overview
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Carbon Capture, Utilization & Storage (CCUS)?
Product stageSegments
Go-to-Market
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Direct Air Capture (DAC), Carbon Sequestration
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Deep Sky is a Canadian company that provides CO2 collection and storage services powered by renewable energy. The company collaborates with new-generation carbon capture technologies that absorb CO2 from air and ocean water. Deep Sky also monetizes CO2 removal by providing carbon credits for governments and voluntary markets. Deep Sky’s innovative approach includes using direct air capture (DAC) technology and storing captured CO₂ in geological formations such as ultramafic rock and saline aquifers.​

In August 2024, Deep Sky began construction of the world's first carbon removal innovation and commercialization center in Innisfail, Alberta. The facility will have the capacity to capture 3,000 tons of CO2 per year and is expected to begin operations in 2024.

Key customers and partnerships

In August 2023, Deep Sky and Exterra Carbon Solutions partnered to develop a carbon removal pilot facility in Southern Quebec in the second half of 2024. Following that, the company partnered with Svante to evaluate the feasibility of carbon sequestration in Quebec with geological subsurface research from Sproule, a carbon management consulting firm.

In September 2023, the company partnered with Mission Zero Technologies (MZT) to deploy DAC facilities starting with a demonstration facility in Quebec in 2024. In October 2023, Deep Sky selected Isometric to be its first MRV (measurement, reporting, and verification) protocol development partner to establish measurement guidelines for CO2 removal and verify the delivery of purchased carbon credits.

In November 2023, Deep Sky partnered with Equatic to install direct air capture (DAC) units integrated with ocean sequestration capabilities in Canada to test the feasibility of Equatic's technology for commercial-scale deployments. In the same month, the company signed an MOU with Climeworks as a project development partner to explore sites and energy sources for the latter’s DAC projects in Canada. In December 2023, Deep Sky partnered with Carbon Atlantis to install a DAC unit to absorb 260 tons annually in Deep Sky's pilot project in Quebec slated for completion in 2025. Following that, the company agreed with ReCarbn to install a DAC unit with an annual capacity of 50 tons of CO2 at Deep Sky's Alpha Lab test facility in Quebec by 2024. Deep Sky entered into similar DAC pilots with Greenlyte Carbon Technologies, a German DAC startup, in January 2024; NEG8 Carbon, an Irish DAC startup, and Carbyon, a Netherlands-based DAC company, in February; Avnos, a hybrid direct air capture (HDAC) company, in March; and Skytree, a Netherlands-based developer of decentralized direct air capture (DAC) systems, in April. In April 2024, the company partnered with Carbfix, an Icelandic carbon sequestration company, to explore potential CO2 mineral storage options in Canada. In June 2024, the company partnered with Equatic, an ocean carbon capture company, to construct the first commercial-scale ocean-based CO2 removal plant in Quebec, Canada.


HQ location:
Montréal QC CAN
Founded year:
2022
Employees:
11-50
IPO status:
Private
Total funding:
USD 53.6 mn
Last Funding:
USD 1.8 mn (Debt Financing; Sep 2024)
Last valuation:
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