Deep Sky, the world’s first tech-agnostic Direct Air Capture (DAC) carbon removal project developer, has officially announced a strategic multi-year offtake and partnership with Rubicon Carbon, a leading carbon credit management firm.
According to certain reports, this agreement propels Deep Sky to become the first DAC provider in Rubicon Carbon’s pioneering carbon credit portfolios.
In case you weren’t aware, Rubicon Carbon has made a name for itself by curating high-integrity carbon credits and building diversified, risk-adjusted portfolios that, on their part, help organizations achieve climate and sustainability objectives. You see, thanks to the company’s platform, clients can seamlessly access a carefully vetted marketplace of carbon credit options which align with their specific goals, budget, and timeline.
As for Deep Sky, it practices an approach where the company directly partners with enterprise leaders to provide premium carbon removal solutions that minimize financial, operational, and reputational risks. The company is, at present, designing, building, and operating DAC projects across the country.
In fact, Deep Sky’s first facility i.e. Deep Sky Alpha, is set to launch this summer with an annual capture capacity of 3,000 tonnes. Leveraging the facility’s tech-agnostic model, Deep Sky should be able to identify and scale cutting-edge DAC technologies from around the world, giving clients early access to scalable, cost-effective carbon removal, while simultaneously accelerating commercialization and climate impact.
The company’s case is also made evident by the fact that it has, thus far, raised a sum of $130M in funding from various world class investors including Breakthrough Energy Catalyst, and counts RBC, and Microsoft as its founding buyers.
“We’re excited to work with Deep Sky and offer our clients early access to their innovative DAC projects. This collaboration reflects our mission to provide best-in-class carbon portfolios that help accelerate climate progress,” said Tom Montag, CEO at Rubicon Carbon.
Taking a closer look at the benefits of this partnership between Rubicon and Deep Sky, it will conceive early access to high quality DAC carbon removal credits. This translates to ownership in Deep Sky’s DAC credit supply, where deliveries from Deep Sky’s first facility, Alpha, have already begun in 2025.
Next up, we must expand upon the partnership’s unique portfolio approach, which chiefly brings forth exposure to Deep Sky’s “active portfolio within a portfolio” model that accelerates next-generation DAC innovation.
Another detail worth a mention is rooted in the potential for minimized delivery and counterparty risks. We get to say so because Deep Sky’s rigorous development process has duly met Rubicon’s extensive due diligence standards.
“Partnering with Rubicon Carbon enables us to bring our DAC project portfolio to a broader audience of enterprises. Rubicon’s platform and active portfolio management ensure that our credits reach businesses around the world, driving greater climate impact,” said Charlie Renzoni, VP Carbon Markets at Deep Sky.
