Deep Sky has secured an $11 million bespoke credit facility from Finalta Capital to finance its flagship Alpha carbon removal facility in Alberta. Alpha, the world’s first cross-technology carbon removal site, became North America’s first DAC project to sequester CO₂ underground.

Deep Sky, in partnership with Quebec-based Skyrenu, has completed North America’s first permanent underground storage of CO₂ captured directly from the atmosphere, a full carbon removal loop achieved at Deep Sky Alpha in Innisfail, Alberta.

ClimeFi announced it has initiated rating coverage on Canadian company Deep Sky – the world’s first technology-agnostic project developer for DAC. Deep Sky Alpha is the first of Deep Sky’s projects to be fully covered by ClimeFi, while rating coverage for Deep Sky One is also underway.

UK-based global renewable energy company, Low Carbon, has announced that it has entered into a Power Purchase Agreement (PPA) with Deep Sky, the Quebec-based carbon removal project developer.

Deep Sky announced that it has secured a USD $40 million grant commitment from Breakthrough Energy Catalyst which will be allocated to the construction of Deep Sky Alpha and its associated research and testing of direct air capture (DAC) technologies.

Deep Sky, the Canadian carbon removal project developer, has sold carbon removal credits to its founding buyers including Royal Bank of Canada and Microsoft. In return, Deep Sky intends to facilitate the removal of 10,000 tons of CO2 from the atmosphere over a 10-year period via Deep Sky Labs, the world’s first carbon removal innovation and commercialization center.

Deep Sky has secured investment from two of Canada’s preeminent financial institutions. National Bank of Canada and BMO have collectively invested $2.5M CAD, demonstrating their support of Deep Sky’s development of carbon removal infrastructure.

Deep Sky, the Canadian carbon removal project developer, has selected a site in Innisfail, Alberta to build the world’s first carbon removal innovation and commercialization centre, Deep Sky Labs. Strategically located an hour north of Calgary, Innisfail is an emerging clean energy hub.

Deep Sky has made significant progress on its carbon removal projects in Québec. The work includes pre-feasibility studies in Bécancour and Thetford Mines to assess the geologic potential for carbon storage. Thoughtful community engagement work is underway in each location, ensuring transparent communication with local residents and stakeholders.

Deep Sky, the Canadian carbon removal project developer, and Sustaera, a US-based modular Direct Air Capture company, have signed a Memorandum of Understanding (MOU) to explore carbon removal technology in Canada.