Deep Sky

Deep Sky

Carbon dioxide removal and sequestration services

About Deep Sky

Simplify's Rating
Why Deep Sky is rated
B
Rated B on Competitive Edge
Rated A on Growth Potential
Rated C on Differentiation

Industries

Energy

Social Impact

Company Size

11-50

Company Stage

Grant

Total Funding

$95M

Headquarters

Montreal, Canada

Founded

2022

Overview

Deep Sky focuses on creating infrastructure for carbon dioxide (CO2) removal systems, primarily in Quebec. The company utilizes the region's hydroelectric and wind power resources, along with its geological features, to operate direct capture machines that absorb CO2 from the air and ocean. This captured CO2 is then sequestered underground, aiming to provide a reliable solution for Scope 3 carbon removal. Deep Sky serves various clients, including governments and businesses, helping them offset their carbon emissions through the sale of durable and verifiable carbon offsets. Unlike many competitors, Deep Sky emphasizes collaboration with local communities and government bodies to ensure its projects benefit all stakeholders. The company's goal is to offer scalable and measurable solutions to combat climate change, securing a sustainable future for humanity.

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Simplify's Take

What believers are saying

  • Deep Sky secured $40M from Breakthrough Energy Catalyst for DAC facility construction.
  • Microsoft and RBC pre-purchased 10,000 tons of carbon credits from Deep Sky.
  • Deep Sky's DAC project is highly rated by ClimeFi, enhancing its market credibility.

What critics are saying

  • Emerging competition from Skytree expanding into North America.
  • Over-reliance on funding from tech companies like Microsoft.
  • Increased frequency of extreme weather events could impact operations.

What makes Deep Sky unique

  • Deep Sky leverages Quebec's hydroelectric and wind power for CO2 removal.
  • The company uses direct capture machines for air and ocean CO2 absorption.
  • Deep Sky partners with local communities for sustainable carbon capture solutions.

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Funding

Total Funding

$95M

Above

Industry Average

Funded Over

4 Rounds

Grant funding comparison data is currently unavailable. We're working to provide this information soon!
Grant Funding Comparison
Coming Soon

Benefits

Professional Development Budget

Growth & Insights and Company News

Headcount

6 month growth

↑ 2%

1 year growth

↓ -2%

2 year growth

↑ 33%
PR Newswire
Apr 24th, 2025
Climefi Initiates Rating Coverage On Deep Sky

ClimeFi has initiated rating coverage on Deep Sky – the world's first technology-agnostic project developer for direct air capture (DAC). Deep Sky Alpha represents the highest rated DAC project in ClimeFi's carbon dioxide removal (CDR) ratings library. The rating coverage provides ClimeFi's clients and corporate partners with dynamic and forward looking insights into Deep Sky's DAC credit supply

Latitude Media
Apr 3rd, 2025
Canada has a 'window of opportunity' to be carbon removal destination

Everyone chuckled after Deep Sky's Phil De Luna told the Global Direct Air Capture Conference audience to "come to Canada!"

Carbon Capture Magazine
Jan 8th, 2025
Low Carbon Signs Long-Term Power Purchase Agreement with Deep Sky

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.

BetaKit
Dec 18th, 2024
Deep Sky secures $40M grant funding

Montréal-based carbon-capture startup Deep Sky secured a $40 million USD ($57.3 million CAD) grant from Breakthrough Energy Catalyst, founded by Bill Gates. The funding will support the construction of Deep Sky's first direct air capture facility, Deep Sky Alpha, in Innisfail, Alberta. The site will test DAC technologies and aims to capture 3,000 tons of CO2 annually. Deep Sky also sold its first carbon credits to RBC and Microsoft, committing to capture 10,000 tons of CO2 over 10 years.

Axios
Dec 18th, 2024
Bill Gates-backed fund invests in carbon removal firm Deep Sky

Deep Sky is a Canadian company working to make advances in multiple direct air capture technologies.

Recently Posted Jobs

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Site Operational Lead - Deep Sky Alpha

Sylvan Lake, AB, Canada

VP of Marketing

Toronto, ON, Canada

Product Manager - Software Automation

Los Angeles, CA, USA

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Deep Sky is Hiring for 7 Jobs on Simplify!

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VP of Marketing

Toronto, ON, Canada

Product Manager - Software Automation

Los Angeles, CA, USA

See All Jobs

Deep Sky is Hiring for 7 Jobs on Simplify!

Find jobs on Simplify and start your career today

💡
We update Deep Sky's jobs every few hours, so check again soon! Browse all jobs →