Canadian carbon removal company scores US$40M grant from fund backed by Bill Gates

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A Canadian company that has received a US$40-million grant from Bill Gates' climate solutions venture firm says its Alberta test site will be removing carbon directly from the atmosphere as early as this spring.

Damien Steel, right, Deep Sky CEO and Isabelle Callaghan, Deep Sky Project Manager, are seen posing for a photo at Deep Sky's direct air capture test facility, which is currently under construction, in Innisfail, Alta., in a 2024 handout photo. THE CANADIAN PRESS/HO-Deep SkyA Canadian company that has received a US$40-million grant from Bill Gates' climate solutions venture firm says its Alberta test site will be removing carbon directly from the atmosphere as early as this spring.

Founded in 2023 by Frederic Lalonde — the Canadian entrepreneur who co-founded online travel company Hopper, Inc. — DeepSky aims to tackle the global climate crisis by building the world's first direct air capture carbon removal test hub and commercialization centre. Pulling carbon dioxide directly from the air is seen by proponents as a way to clean up historic emissions that have already escaped into the atmosphere, meaning it could potentially help reverse the damaging impacts of climate change.

" is much, much more difficult than because the density of CO2 in the air is much lower than the density of CO2 in the chimney stack," Steel said. The entire test hub will be powered by renewable energy, and Deep Sky intends to generate revenue by selling the carbon credits it earns. But Steel said he believes it is both possible and necessary to rapidly scale up the deployment of direct air capture technology.

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