Greenlyte and Deep Sky partner up for carbon sequestration in Canada

Deep Sky Inks Next DAC Deal in Germany with Greenlyte Carbon Technologies

MONTRÉAL and ESSEN, GERMANY (January 17, 2024) — Deep Sky, a Montreal-based gigaton-scale carbon removal project developer, and Greenlyte Carbon Technologies, a Germany-based DAC company, have partnered to install carbon removal technology in Canada. As part of its partnership with Deep Sky, Greenlyte will deliver and install a DAC unit with the capacity to remove 100 tons of CO₂.

As the world's first gigaton-scale carbon removal company, Deep Sky will operate Greenlyte’s DAC system as part of its Labs test facility. The system will be installed in Quebec in 2025, leveraging the region's vast renewable hydroelectric energy reserves. Greenlyte has developed a breakthrough direct air capture technology that captures CO₂ from ambient air at high energy efficiency while producing hydrogen as a co-product. After converting CO₂ to salt in the capture process, Greenlyte then uses electrolysis to turn the salt into concentrated CO₂ and hydrogen streams, which together can be used to create drop-in replacements to fossil fuels or to create negative emissions. Founded by two serial entrepreneurs and an experienced DAC researcher from University of Duisburg-Essen, the company is based in Essen, Germany’s industrial center.

Once in operation, the partners will monitor the performance of the DAC unit at Deep Sky’s Labs facility. Data will be collected on the performance of the unit in terms of carbon dioxide removal (CDR), energy consumption, and more. Together, the partners aim to validate the technology for commercial deployment in Canada as part of Deep Sky's mission to develop Canada into a world-leading hub for carbon removal.

“Our commercial customers want high-quality carbon credits that help them achieve their emission targets while simultaneously improving the health of our planet,” said Damien Steel, Deep Sky CEO. “Alongside innovative tech providers like Greenlyte, that’s exactly what we’re doing – sucking harmful CO₂ out of the air using the least amount of energy. This partnership is a win for carbon credit purchasers and the planet alike.”

“We share Deep Sky’s vision to help reverse global warming by removing gigatons of CO₂ from the atmosphere,” said Florian Hildebrand, Greenlyte CEO. “We are excited to bring our second generation technology to Canada to turn back the clock on climate change.”

Together, Deep Sky and Greenlyte are committed to developing and deploying cutting-edge carbon dioxide removal (CDR) technologies. High-quality CDR is essential for achieving net zero emissions goals and mitigating the impacts of climate change.Powered by renewable energy, Deep Sky's facilities are strategically located in Québec, a region with an abundance of hydroelectric power, immense wind power potential and a vast territory with the rich geological makeup required for carbon capture.

About Greenlyte Carbon Technologies

‍Greenlyte was founded in September 2022 with the ambition to develop a low-cost, robust Direct Air Capture technology that captures CO₂ at world-leading energy rates, whilst supplying hydrogen as a by-product. The company’s vision is to become a DAC technology platform to leverage network effects in reaching gigaton scale in less than 25 years. Since its founding, the company has raised €11 million in funding from leading venture capitalists, renowned business angels and grants. For more information, visit Greenlyte.tech.

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‍About Deep Sky

‍Montreal-based Deep Sky is the world’s first gigaton-scale carbon removal company, removing billions of tons of carbon from the atmosphere and permanently storing it underground. As a project developer, Deep Sky brings together the most promising direct air and ocean carbon capture companies under one roof to bring the largest supply of high quality carbon credits to the market and commercialize carbon removal and storage solutions like never before. With $75M in funding, Deep Sky is backed by world class investors including Investissement Québec, Brightspark Ventures, Whitecap Venture Partners, OMERS Ventures, BDC Climate Fund, and more. For more information, visit deepskyclimate.com.

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‍Media Contacts
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‍Brooks Wallace
Deep Sky
‍brooks@deepskyclimate.com

‍Florian Hildebrand
Greenlyte
fh@greenlyte.tech

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