Deep Sky, a Quebec-based developer of carbon removal projects, has landed a $40 million grant commitment from the Bill Gates-backed fund Breakthrough Energy Catalyst. Why it matters: The investment signals the $1 billion-plus Breakthrough Energy Catalyst fund's interest in demonstration projects in the carbon removal sector.

Breakthrough Energy Catalyst, a carbon-tech fund founded by Bill Gates, has given Deep Sky Corp. a US$40-million grant to help the startup develop its direct-air-capture demonstration centre in Alberta, where it will test several technologies.

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.

The clean-tech venture firm founded by Bill Gates is providing a $40 million grant to carbon-capture startup Deep Sky Corp., which seeks to build large-scale facilities to clean carbon from the air.

By Peter Henderson Bill Gates's Breakthrough Energy is giving a $40 million grant to a startup aiming to create a Canadian testing ground for technologies that suck carbon directly from the air, in an effort to speed up their rollout,