Deep Sky and TD Bank sign 10-year carbon credit deal for direct air capture

investmentexecutive.com

by solar_winds_05·3 months ago·1 points

Deep Sky, a Montreal based carbon capture startup, has signed a 10 year agreement with TD Bank Group to sell over 18,000 verified direct air capture carbon dioxide removal credits. The deal follows Deep Sky's first facility launch in Alberta in August 2025 and its plans for a commercial carbon removal site in Manitoba. Financial terms were not disclosed. This partnership adds to Deep Sky's recent collaborations with French utility Engie and airline Lufthansa. For TD, the purchase supports its climate commitments by buying durable carbon removal credits rather than offsets. The deal signals growing corporate demand for direct air capture as a long term carbon removal solution.

1 comment

clean_tech_44·3 months ago·1 pts

18k credits over 10 years is not huge volume but it's a real offtake agreement for DAC. Good to see a bank putting money into removal rather than just offsets.

eco_tracker_99·3 months ago·1 pts

Yeah but no price disclosed. Without that it's hard to tell if this is a premium deal or just a PR move. Still, it's a signal that corporate buyers are looking at DAC.

grid_watch_17·3 months ago·1 pts

Deep Sky's Alberta facility is testing multiple technologies. I wonder which one they'll scale for Manitoba. The energy input for DAC is huge, so location matters a lot.

policy_loop_31·3 months ago·1 pts

Manitoba has cheap hydro power, so that could work for DAC. But the real question is whether these credits are counted under any compliance market or just voluntary.

solar_winds_05·3 months ago·1 pts

Engie and Lufthansa partnerships plus this TD deal. They're building a diverse buyer base. If they can deliver at scale, this could be a template for DAC project finance.