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illuminem summarises for you the essential news of the day. Read the full piece on Axios or enjoy below:
🗞️ Driving the news: Deep Sky has launched North America's first direct air capture (DAC) facility with integrated underground carbon storage in Quebec, Canada
• The pilot site, announced on Friday, will test 10 carbon removal technologies in partnership with global innovators, positioning Canada at the forefront of engineered carbon removal solutions
🔭 The context: While several DAC plants exist globally, most notably Climeworks in Iceland, this is the first such facility in North America to pair carbon capture directly from ambient air with geological storage
• DAC is one of the few scalable approaches to achieving “negative emissions,” essential to offsetting residual emissions and historical carbon in the atmosphere
• Deep Sky, founded in 2022, has received growing investor interest amid global momentum around carbon removal
🌍 Why it matters for the planet: Direct air capture with storage (DAC+S) offers a durable method for carbon removal — crucial for balancing hard-to-abate emissions and reaching net zero
• However, DAC remains energy-intensive and expensive, with costs ranging from $600 to $1,200 per tonne of CO₂
• The success of Deep Sky’s pilot could drive down costs through innovation, inform regulatory pathways, and validate business models for scaling carbon removal across sectors
⏭️ What's next: Deep Sky plans to expand operations by selecting the most promising technologies from the pilot phase for commercial deployment
• Regulatory collaboration with Canadian authorities is ongoing to ensure compliance and permanence of storage
• The site will serve as a testbed for scalability, durability verification, and potential carbon credit issuance
• Global interest will likely follow, especially from companies seeking verifiable removals to meet climate targets
💬 One quote: “This site is where the world’s leading carbon removal technologies meet real-world deployment,” — Damien Steel, Co-CEO, Deep Sky
📈 One stat: The pilot facility aims to capture and permanently store 1,000 tonnes of CO₂ per year, with expansion plans targeting megatonne-scale removal within the next five years
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