Deep Sky Secures $40 Million Grant from Gates-Led Fund for Carbon Capture, Marking First Support of Its Kind

Dec 18, 2024, 02:26 PM

Deep Sky, an environmental technology company, has secured a $40 million grant from Breakthrough Energy Catalyst, a clean-tech venture firm founded by Bill Gates. This funding will be utilized to enhance the company's direct air capture technology, marking the first financial support of its kind for Deep Sky. The initiative aims to facilitate the development of large-scale facilities designed to remove carbon from the atmosphere. Additionally, the Carbontech Development Initiative has announced over $3 million in awards for various research and commercialization teams focused on advancing negative emissions technologies.