Deep Sky’s Direct Air Capture (DAC) Test Site Awarded $40 million by Bill Gate’s Breakthrough Energy
Bill Gates’s Breakthrough Energy Catalyst has awarded a $40 million grant to Deep Sky who is developing a Direct Air Capture (DAC) test site in Alberta, Canada.
This “Alpha” facility will accommodate eight companies to test and refine their carbon removal technologies, with operations commencing in spring 2025. The first seven of the eight DAC companies participating at the Alpha site are:
- NEG8 Carbon
- Airhive
- Mission Zero
- Skyrenu
- Skytree
- Greenlyte
- Phlair
Speaking of Direct Air Capture, Mario Fernandez, head of Breakthrough Energy Catalyst, stated:
“The overall mission of Catalyst is to drive down the green premium and move these technologies towards profitability.”
Deep Sky’s CEO, Damien Steel, mentioned that the company is concurrently developing commercial-scale DAC plants in Canada and aims to use the Alpha test ground to identify efficient new technologies.
This initiative aims to accelerate the development of DAC technologies, which are essential for removing existing CO₂ from the atmosphere. Despite challenges such as high energy consumption and costs, the project seeks to enhance the efficiency and scalability of these solutions.
For the full article: Bill Gates firm gives $40 million for Canadian carbon tech test bed
For more:
- Direct Air Capture Cost Compared to Cost of Inaction on Climate Change
- Hard to Abate Industries and the Decarbonization Challenge
- With Direct Air Capture, We Can Avoid €20bn in Emissions Fines
- Carbon Dioxide Removal (CDR) Glossary of Terms