Bill Gates grant to fund Innisfail carbon capture project [Video]

A Canadian company that has received a US$40-million grant from Bill Gates’ climate solutions venture firm says its Alberta test site will be removing carbon directly from the atmosphere as early as this spring.

• Sign up for breaking news alerts from CTV News, right at your fingertips
• The information you need to know, sent directly to you: Download the CTV News App

Montreal-based startup Deep Sky announced Wednesday it was awarded funding from the Gates-founded Breakthrough Energy Catalyst to help finance what it calls its Deep Sky Alpha project.

Construction work at the project site, located north of Calgary in the town of Innisfail, is already under way, Deep Sky CEO Damien Steel said in an interview.

“This should be a proud moment for Canada. This facility in April of 2025 will be one of the first full-stack facilities in North America to actually remove CO2 from the atmosphere using …