Deep Sky becomes scale-up partner for XPRIZE carbon removal competition
by CM staff
The $100 Million XPRIZE Carbon Removal is a four-year global competition to incentivize carbon removal solutions across four tracks: air, oceans, land, and rocks.
MONTRÉAL and LOS ANGELES — Deep Sky, a Montreal-based venture commercializing carbon removal and storage solutions at scale, is partnering with XPRIZE, to accelerate the development of new carbon dioxide removal solutions to combat climate change.
Deep Sky is opening up an opportunity for XPRIZE Carbon Removal teams to pilot their carbon dioxide removal solutions at Deep Sky’s commercialization project, Alpha, as well as prototyping and licensing deals worth $1 million each. This offer is open to all competing teams who submit to the final round of the prize, regardless of whether they are named a finalist.
The $100 Million XPRIZE Carbon Removal, funded by the Musk Foundation, is a four-year global competition to incentivize carbon removal solutions across four tracks: air, oceans, land, and rocks.
In order to win, teams must remove and durably sequester 1000 tonnes of CO2 per year and demonstrate the ability to scale to gigaton level by 2050.
“Deep Sky is committed to reversing climate change, and becoming the world destination to launch carbon removal projects,” said Fred Lalonde, Co-Founder, Deep Sky. “XPRIZE Carbon Removal teams present a goldmine of technological and scientific talent that can make a positive impact on our planet. We’re thrilled to support the innovators working to make the impossible possible.”
Deep Sky is working to build large-scale carbon removal and storage infrastructure in Canada. Acting as a project developer, the company is bringing direct air and ocean capture technologies to deliver a supply of high quality carbon credits to the market. Powered by renewable energy, Deep Sky’s facilities are located in Québec.
“The bigger goal of the prize is to create a whole new industry around carbon dioxide removal,” said Nikki Batchelor, Executive Director, XPRIZE Carbon Removal. “We know that a range of thoroughly-tested carbon removal solutions will be necessary to meet global climate targets, and scaling this industry to gigatonne levels will not happen without the support and investment of visionary organizations like Deep Sky.”
