Deep Sky Announces Multi-Year Offtake Agreement with Rubicon Carbon

Deep Sky Becomes First DAC Developer in Rubicon Carbon's Portfolio

MONTREAL, June 16, 2025 /PRNewswire/ -- Deep Sky, the world's first tech-agnostic Direct Air Capture (DAC) carbon removal project developer, today announced a strategic multi-year offtake and partnership with Rubicon Carbon, a leading carbon credit management firm. This agreement marks a significant milestone as Deep Sky becomes the first DAC provider in Rubicon Carbon's pioneering carbon credit portfolios.

Rubicon Carbon is known for curating high-integrity carbon credits and building diversified, risk-adjusted portfolios that help organizations achieve their climate and sustainability objectives. Through Rubicon Carbon's platform, clients access a carefully vetted marketplace of carbon credit options that align with their specific goals, budget, and timeline. This partnership introduces Deep Sky's permanent carbon removal credits into Rubicon Carbon's offering, with deliveries scheduled between 2025 and 2033.

Deep Sky partners directly with enterprise leaders to provide premium carbon removal solutions that minimize financial, operational, and reputational risks. Headquartered in Canada, Deep Sky is designing, building, and operating DAC projects across the country. Its first facility, Deep Sky Alpha, is set to launch this summer with an annual capture capacity of 3,000 tonnes. Leveraging its tech-agnostic model, Deep Sky identifies and scales cutting-edge DAC technologies from around the world—giving clients early access to scalable, cost-effective carbon removal while accelerating commercialization and climate impact.

Canada's abundant renewable energy, favorable carbon storage geology, and strong policy support uniquely position Deep Sky to lead in global DAC deployment. In just two years, the company has raised over $100 million to advance its national project pipeline.

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Value for Rubicon Carbon Customers

Through this collaboration, Rubicon Carbon customers will benefit from:

• Early Access to High Quality DAC Carbon Removal Credits: Ownership in Deep Sky's DAC credit supply, where deliveries from Deep Sky's first facility, Alpha, begin in 2025.

• Innovative Portfolio Approach: Exposure to Deep Sky's "active portfolio within a portfolio" model that accelerates next-generation DAC innovation.

• Minimized Delivery and Counterparty Risks: Deep Sky's rigorous development process has met Rubicon's extensive due diligence standards.

• Strategic Canadian Advantage: DAC solutions grounded in Canada's stable geopolitical landscape, low-carbon grid, and strong regulatory support.

A Pioneering Collaboration for a Sustainable Future

This partnership underscores both Deep Sky's leadership in DAC project development and Rubicon Carbon's commitment to portfolio excellence. Together, the two firms are helping enterprises meet decarbonization goals through high-integrity, scalable carbon removal pathways.

Quotes

Charlie Renzoni, VP Carbon Markets at Deep Sky: "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."

Tom Montag, CEO at Rubicon Carbon: "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."

About Deep Sky

Canada-based Deep Sky is the world's first tech-agnostic carbon removal project developer aiming to remove gigatons of carbon from the atmosphere and permanently store it underground. As a project developer, Deep Sky brings together the most promising direct air capture companies under one roof to bring the largest supply of high quality carbon credits to the market, commercializing and catalyzing carbon removal and storage solutions like never before. Deep Sky raised $130M in funding from world class investors including Breakthrough Energy Catalyst, and counts RBC and Microsoft as its founding buyers.

About Rubicon Carbon

Rubicon Carbon is a carbon credit management firm that empowers the world's largest enterprises to achieve their sustainability goals by addressing carbon emissions and driving global climate finance. Backed by TPG Rise Climate and led by top executives from across finance, technology, and climate science, Rubicon Carbon delivers innovative carbon credit solutions to global businesses while unlocking carbon avoidance and removal projects at scale, all backed by rigorous in-house scientific diligence. For more information, visit www.rubiconcarbon.com.

SOURCE Deep Sky