Developing technology-based carbon removal projects at scale in Canada.

Deep Sky

Deep Sky announced our $75M CAD Series A raise this morning at a press conference in Quebec!

We're working at lightspeed with world class partners to deliver carbon removals at scale in Canada. So thankful for the support of this syndicate of visionary investors inducing Whitecap Venture Partners, Brightspark Ventures, OMERS Ventures, Investissement Québec, BDC, and others. 

Read more about our Series A here: https://lnkd.in/g6yAY-g2

If you're looking to make a difference in climate, come join our incredible team - our regularly updated job postings are here: https://lnkd.in/gkmF_swz

Ce matin, Pierre Fitzgibbon et Benoît Charette se sont joints à notre cofondateur Frederic Lalonde et à Sophie Forest, associée directrice de Brightspark Ventures pour partager les détails de notre ronde de financement de 75 millions de dollars.

Merci à Investissement Québec, Brightspark Ventures, Whitecap Venture Partners, OMERS Ventures et BDC pour leur engagement à éliminer les émissions de carbone afin d'inverser les effets des changements climatiques.

Today, alongside Pierre Fitzgibbon and Benoît Charette, we announced a $75M Series A funding round, co-led by Brightspark Ventures and Whitecap Venture Partners, with major participation from Investissement Québec ($25M), OMERS Ventures and BDC Climate Fund.

The fresh capital will be used to begin planning and construction of our first commercial facility; grow the team; build software for selling carbon credits; and fund our Alpha research facility, the world's first carbon removal research center.

And, we announced the addition of world class board members Elkland Capital CEO Sam Duboc and TC Energy EVP Annesley Wallace. Let's get to work!

Yesterday Deep Sky was in Val-Des-Sources, Quebec to visit our partner Exterra Carbon Solutions, who are using rocks from mine tailings to permanently lock away CO2 

We brought the team from Airhive - a UK-based carbon removals company building reactors to capture CO2 from the air, also using rocks

As a technology agnostic project developer, one of our superpowers is our convening power - bringing together different technologies into projects that are complimentary and help each other shine!

Big thanks to our Corporate Dev Advisor Ron Hirson for representing Deep Sky at CDR San Francisco at Swissnex in San Francisco last week, and delivering a sobering reminder of the urgent race to avert climate catastrophe.

In my latest Forbes article, "The Race is On: 5 Steps to Rapidly Develop Carbon Removal Technology", I reflect on and describe ways to accelerate this crucial lever in addressing the climate crisis.

I was inspired last week by Heirloom's commercial plant launch and the speed they were able to take technology from the lab to commercial scale. 

Following the lead of Tesla and SpaceX, I offer five steps carbon removal innovators can take to accelerate their deployment:

1. Revisit the requirements
2. Eliminate non-essential components
3. Simplify and optimize
4. Increase implementation speed
5. Automate when ready

Congrats again to Shashank Samala and Noah McQueen and the entire team - I hope you're the start of a massive wave of more innovators scaling fast! 

Read my latest article online now here:
https://lnkd.in/g_GqUWYf

Teaser for CLIMB pod from VSC Ventures is 🔥 -- episode featuring our co-founder Frederic Lalonde is coming soon!

HIRING ALERT: This is a big one friends, I'm looking to hire a Director of Capture Engineering to own the design and build of Deep Sky's first commercial 300,000 ton per year plant -  Deep Sky One!

Do you have experience building big industrial capital projects? Can you run through pre-feasibility to FEED to FID with the best of 'em? Have you managed projects in the hundreds of millions of dollars? Do you want to solve climate change? 

We're looking for builders and doers, those who aren't afraid to get their hands dirty and move uncomfortably fast. It's a race to scale this technology and we need superstar runners. 

If this sounds like you - or if you know anyone who is up to the challenge, please reach out to me or apply here now:
 
https://lnkd.in/g8J5Kv_5

🌊 Thanks to Axios for featuring our partnership with Equatic.tech today.

🌊 We're proud to deploy Equatic's innovative #CarbonRemoval tech at our pilot facility in Quebec, ultimately helping remove CO2 from the atmosphere to slow global warming. Equatic's innovative electrolytic process for atmospheric carbon dioxide removal, recently recognized by TIME as a Best Invention of 2023, leverages the size and scale of the oceans.

Check out 'Why Canada is Poised to Become a Carbon Removal Superpower' in Forbes, penned by our Chief Carbon Scientist & Head of Engineering, Phil De Luna.

Deep Sky is building infrastructure to scale carbon dioxide removal systems in a tangible way. They are focused on developing technology-based carbon removal projects at scale in Canada.

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Deep Sky