Climate Insider Brief:
- Skytree Expands into North America: Skytree, a Dutch climate tech company specializing in CO2 capture and utilization, is opening its North American headquarters in Toronto, Canada, with a secondary office in Nashville, Tennessee, to support its business development in the US.
- Innovative Carbon Solutions: The company provides local, onsite CO2 generation, offering a sustainable alternative to fossil fuel-based CO2 supply chains, targeting industries like indoor farming and e-fuels. Their technology also supports large-scale carbon storage for negative emissions.
- Partnerships and Growth: Skytree has established partnerships with Canadian businesses such as Deep Sky and Fieldless Farms and plans to create at least 80 new jobs in Canada over the next three years, with future plans for a manufacturing facility.
PRESS RELEASE – October 17, 2024 – Skytree, a pioneering Dutch climate tech company specializing in carbon utilization and removal solutions, is today announcing the opening of its North American HQ in Toronto and a new office in Nashville, Tennessee.
Born out of the European Space Agency (ESA), Skytree has spent the last decade perfecting its onsite CO2 generation technology for European markets. Building on this success, the company is bringing its leading technology to North America by establishing its presence in Toronto and Nashville.
Skytree is leading a transition away from fossil fuels, providing local, onsite CO2 generation across multiple markets. CO2 is a crucial commodity used in many industries, including indoor farming, greenhouses, food & beverage and e-fuels. The company is driving the circular economy by transforming CO2 from a waste product into a valuable resource, generating CO2 from the atmosphere, at the location where that CO2 is needed. This helps to negate the need for transport and disrupts existing fossil fuel based CO2 supply chains by offering secure future CO2 supply at stable prices, in a marketplace where fossil fuel CO2 supply chains are increasingly interrupted. In addition, Skytree’s modular technology is also ideal for large scale carbon storage projects through mineralization or storage in empty oil/gas fields, generating negative emissions.
Skytree is announcing the opening of its new Canadian HQ in Toronto, following a successful few years of expansion in the Netherlands where the team has grown from 20 to 90 employees. Skytree chose a North American HQ destination that is strongly connected to large-scale climate mitigation efforts and with a substantial academic and industrial ecosystem for collaboration as well as talent recruitment. Nashville was chosen as a secondary base for the North America team, and will be focused on connecting with customers in the United States, headed up by Camille Hanna, business development director.
Skytree has already established a presence in North America through connections with Canadian businesses and has announced partnerships with Deep Sky and Fieldless Farms, with Skytree’s DAC technology already deployed in the field. Skytree is looking to continue developing partnerships with sustainable utilization or removal businesses across the region. The company’s regional headquarters in Canada is expected to employ at least 80 people in the next three years in business development, services, operations and R&D. In the future, Skytree has plans to open a second location in Canada as a manufacturing facility, creating more high-value jobs in the country.
Skytree’s Vice President of Strategy for North America, Elena Nikonova, will lead the Toronto office and its expansion. “As we continue our expansion into North America, we are very pleased to announce the location of our North American HQ. This is an important next step for Skytree, following the announcement of two customers in Canada. Our Toronto office will serve as the hub for our activity in North America as we look to partner with more climate businesses with CO2 utilization and removal goals,” Elena Nikonova said. “Both the US and Canadian markets show strong interest in our DAC solutions. We will further develop this pipeline of projects and provide assistance to our US business development team based in Nashville.”
“Congratulations to Skytree on this significant expansion into North America. Reducing fossil fuel reliance is a priority as we all work towards a sustainable, net-zero future. As part of Toronto’s passionate climate-focused tech community, I am confident that Skytree will make a meaningful impact not only here but across the globe,” said Toronto Mayor Olivia Chow.
“Skytree’s innovative carbon capture solutions will undoubtedly contribute to a cleaner, more sustainable future. This move strengthens the strong relationship between the Netherlands and Canada, both committed to combating climate change through collaboration. We are proud to see Dutch companies like Skytree lead the way in making a global impact, and I warmly welcome their presence in Toronto, a hub of green innovation and technology,” said Margriet Vonno, Ambassador of the Netherlands to Canada.
Skytree worked closely with Toronto Global, the investment services agency for the Toronto Region, in selecting a location for its North American HQ, navigating the expansion process and making connections in the Toronto Region.
“We are thrilled to welcome a forward-thinking company like Skytree to the Toronto Region. Skytree’s entry into the Canadian market will not only help to boost our economy, but its initiatives will help create an immeasurable social and environmental impact for years to come. We are proud to have guided Skytree throughout this expansion process,” said Toronto Global CEO Stephen Lund.
SOURCE: Skytree
Featured Image: Credit: Skytree
