Bill Gates Backs Canadian Startup with $40M for Carbon Removal Innovation

Deep Sky tests its direct air capture technology in a new location in Alberta – in cold and challenging Canadian climates.

That fight against climate change is now taking a step further with the carbon capture and removal technology start-up developed in the Canadian city of Montreal. Testing now begins on a testing site there in challenging climates in the Canadian province of Alberta. There, challenges forth that will put cold conditions for their technology-all for further solution solutions in the works for increasing CO2 levels around the world.

Bill Gates’s Breakthrough Energy Catalyst has also funded the facility with $40 million grant in investment for early-stage climate technology companies. The facility located in Alberta aims to accelerate the development of the DAC technologies, which could become commercially viable, to remove tremendous amounts of CO2 from the air.

DAC and the Battle Against Climate Change
Climate change issues have made DAC technology quite a more of a necessity. It captures carbon dioxide directly from the air and would be able to reduce atmospheric carbon levels by half. According to the scientists for the United Nations, every year, billions of tonnes of CO2 need to be removed in order to achieve the different global climate goals.

Despite such massive energy consumption and high cost with existing technological challenges, the main barriers to adopt DAC technology in the market would be these factors themselves. Deep Sky’s Alberta test site is called the “Alpha” DAC ground, and it was designed to surmount today’s barriers because it offers the specific space that companies can run their tests for developing those technologies.

Engagement with Advanced Climate Tech Leaders
Eight companies working simultaneously on solutions for DAC systems. Participating firms will include Airhive; Mission Zero; Skyrenu; Skytree; NEG8 Carbon; Greenlyte; and Phlair. These teams are working in isolation to bring the technologies to a stage where, finally, these systems can be scaled up within large commercial plants designed to capture enough CO2 at a meaningful volume.

Deep Sky’s vision is to strive for the maturation of DAC technology to commercial potential, and thereby contribute credibly to efforts to combat climate around the world through cooperation and innovation.

Breakthrough Energy Catalyst Funding
Breakthrough Energy Catalyst has given a grant of $40 million to Deep Sky. The Breakthrough Energy Catalyst is a Bill Gates initiative, and Breakthrough Energy Catalyst has been focusing on accelerating the pace of development and deployment of clean energy solutions based on advances in terms of green technology cost levels that can support such adoption at a commercial level.

It would go a long way in soliciting funds for Deep Sky that would assist in overcoming the technical and economic challenges that the DAC poses towards working towards general efforts in curbing climate change.

Future Consequences
The Alberta test site is the very first important step in scale-up toward eventual implementation into global strategies of climate protection. Deep Sky is of the view that in extreme conditions of environmental extremes, the systems should well be operationalized.

If successful, these technologies may, in the end, help contribute toward large-scale removal of CO2 from the atmosphere and bridge the gap between current emissions and the level needed to meet international climate targets.

This activity tends to mark the need for more innovation and a shared effort of getting through the enormous challenges climate change poses. This young startup is teaming up with breakthrough energy catalyst with the best firms in climate technologies and taking on DAC as it is now visualized to be quite practical and actionable towards lowering world carbon levels.
Source: Press Releases from Deep Sky and Breakthrough Energy.

Source: Deep Sky and Breakthrough Energy Press Releases

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