Carbon Alpha

What Carbon Alpha does

Carbon Alpha is a Calgary-based carbon capture and storage (CCS) developer founded in 2021 that builds carbon dioxide removal (CDR) and industrial CCS projects, with a primary focus on Bioenergy with Carbon Capture and Storage (BECCS). The company's flagship initiative is the North Star BECCS Project near Meadow Lake, Saskatchewan, co-developed with the Meadow Lake Tribal Council (nine First Nations as majority owners) and designed to capture up to 140,000 tonnes of CO2 annually in Phase 1, generating approximately 90,000 high-quality CDR credits per year once operational in late 2028/early 2029. Technology stack includes biogenic CO2 capture from FSC-certified forestry biomass, CO2 transportation via pipeline, geological storage in deep subsurface formations, and proprietary Measurement, Monitoring & Verification (MMV) systems, including the peer-reviewed Theseus 24D Optimized Seismic CCS MMV method published in the Canadian Journal of Earth Geoscience and a digital MRV solution deployed with Mangrove Systems.

Carbon Alpha monetizes primarily through long-term offtake agreements selling verified CDR credits to corporate buyers (anchored by a 15-year 626,000-tonne agreement with Microsoft, representing Microsoft's first Canadian BECCS offtake and first Indigenous-involvement deal of its kind) and through Canadian federal grant funding from Natural Resources Canada (C$10M for seismic MMV development and C$2.5M for North Star engineering). Credits are certified through Puro.earth, on whose platform North Star became Canada's first registered Future Facility in October 2024. Additional service work includes subsurface evaluation and storage-complex de-risking for third-party industrial CCS projects such as the Heartland Generation BRCH project. The company also lists Direct Air Capture (DAC) capability as part of a broader CDR product portfolio.

In March 2026, Svante Technologies Inc. acquired Carbon Alpha, and the company now operates as a wholly-owned subsidiary within Svante's fully integrated carbon management platform, retaining its Calgary headquarters and its subsidiaries Carbon Alpha Development Corp., North Star Carbon Solutions Corp., and the North Star Carbon Solutions LP joint venture with MLTC. As of the input data, the company is pre-revenue operationally, with no disclosed institutional equity rounds beyond government grants, and is structured as a B2B enterprise provider of CDR credits and CCS services targeting corporate climate buyers, Indigenous communities seeking economic participation, and industrial emitters.

Name

Carbon Alpha

Legal name

Carbon Alpha Corporation

Website

https://carbonalpha.com

Company type

Private

Founded year

2021

Operating status

Acquired

Headcount range

11–50 employees

Short description

Carbon Alpha is a Calgary-based CCS developer building carbon dioxide removal projects, anchored by the North Star BECCS project in Saskatchewan with the Meadow Lake Tribal Council. It sells verified CDR credits to corporate buyers like Microsoft and provides industrial CCS services, and was acquired by Svante Technologies in March 2026.

Ownership category

akta.pro rank

Product category

Carbon Capture and Storage Services

akta.pro primary industry

CO₂ Storage Site Development & Permitting (Characterization, Licensing, Stakeholder Engagement) (EUABAHAF)

akta.pro secondary industries

Project-Originated Carbon Credit Marketing & Offtake (Primary Market) (EUAGAIAC), Carbon Removal Measurement, Monitoring & Verification (Removal MRV & Durability) (EUABAFAK), Carbon Removal Credits Trading (DAC, BECCS, Biochar, Mineralization) (EUAGAIAL)

Keywords

• Carbon capture storage
• Carbon dioxide removal
• BECCS technology
• Carbon credit development
• Geological carbon sequestration

Headquarters

HQ city

Calgary

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Carbon Dioxide Removal (CDR) Credits Sales: Carbon Alpha generates revenue by selling CDR credits from the North Star BECCS project. The company has signed a 15-year agreement with Microsoft to purchase 626,000 metric tonnes of carbon removal credits, generating approximately 90,000 credits annually once operational. Credits are verified through Puro.earth's carbon removal platform.
2. Government Funding and Grants: Carbon Alpha receives federal funding from Natural Resources Canada for CCS research and development projects. Received $10 million for seismic survey designs for carbon capture storage MMV and $2.5 million for engineering and planning costs for the North Star BECCS Project.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Carbon Alpha develops carbon dioxide removal (CDR) projects and industrial carbon capture and storage (CCS) solutions from concept through to verified credit generation. Its flagship North Star project in Meadow Lake, Saskatchewan captures biogenic CO2 from sustainably sourced forestry biomass waste and permanently stores it in geological formations, producing high-quality, Puro.earth-verified CDR credits sold via long-term offtake agreements to enterprise buyers. The company also delivers subsurface evaluation, CO2 storage complex development, pipeline transportation, and proprietary Measurement, Monitoring & Verification (MMV) services.

Product overview

Carbon Alpha is a Canadian carbon capture and removal company that operates as a subsidiary of Svante Technologies following acquisition in March 2026. The company offers an integrated portfolio of carbon solutions centered on its flagship North Star BECCS project, which is Canada's first majority Indigenous-owned carbon removal project. Beyond North Star, Carbon Alpha provides end-to-end CDR and industrial CCS services spanning capture technology integration, geological CO2 storage, CO2 transport via pipeline, and Measurement, Monitoring & Verification (MMV) services. The company also develops capabilities in Direct Air Capture technology. All offerings are delivered through partnerships with Indigenous communities and industry stakeholders, with credits certified through Puro.earth.

Differentiator

Problem solved

Functional benefit

Products and services

• North Star BECCS Project Canada's first majority Indigenous-owned Bioenergy with Carbon Capture and Storage (BECCS) project located in Meadow Lake, Saskatchewan. Captures biogenic CO2 from sustainably sourced forestry biomass waste and permanently stores it underground in geological formations, generating approximately 90,000 high-quality, Puro.earth-verified carbon dioxide removal (CDR) credits annually. Sold to corporate buyers via long-term offtake agreements (e.g., 15-year Microsoft agreement for 626,000 tonnes).
• Carbon Dioxide Removal (CDR) Services End-to-end CDR project development services from concept through to credit generation, including carbon capture technology integration, geological CO2 storage, CO2 transportation, and high-quality CDR credit delivery to the marketplace. Designed for corporate buyers and project developers seeking verified, durable carbon removal outcomes.
• Industrial Carbon Capture and Storage (CCS) CCS solutions for industrial emissions, capturing CO2 from existing power and industrial plants and permanently storing it underground in geological formations. Includes subsurface evaluation, reservoir analysis, CO2 storage complex development, and pipeline transportation. Targeted at industrial emitters, energy companies, hydrogen production facilities, and power generation operators seeking to decarbonize hard-to-abate operations.

Quantifiable outcome

• 90,000 CDR credits generated annually once operational
• +2 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature4 records

Partnerships

Eight partnerships are on record, tiered core and supporting.

• MicrosoftcoreStrategic or Co-development Partner · 7 April 2026Microsoft signed a 15-year agreement to purchase 626,000 metric tonnes of carbon removal credits from the North Star BECCS project. This is Microsoft's first Canadian BECCS CDR offtake and the first such project in Canada involving Indigenous ownership. The deal enables Svante to secure funding for the project and forms part of Microsoft's strategy to become carbon negative by 2030.
• Svante TechnologiescoreStrategic or Co-development Partner · 4 March 2026Svante Technologies Inc. acquired Carbon Alpha Corporation and its subsidiaries in March 2026. The acquisition integrates Carbon Alpha's North Star BECCS project into Svante's portfolio, adding geological CO2 storage expertise, a regional pipeline, and access to a major geological storage hub to Svante's carbon management platform. Carbon Alpha operates as a subsidiary of Svante following the acquisition.
• Mangrove SystemssupportingTechnology or Integration · 29 April 2025Carbon Alpha partnered with Mangrove Systems to deploy a digital MRV (monitoring, reporting, and verification) solution for the North Star project. Mangrove's system enables real-time tracking and comprehensive data consolidation across the carbon removal process, ensuring transparency and accuracy in carbon credit verification.
• Puro.earthsupportingGTM or Marketing Partner · 7 October 2024North Star project passed Puro.earth's Preliminary Assessment and is registered as a Future Facility on Puro.earth's carbon removal platform. This is the first Canadian carbon removal project listed on the platform. The assessment involved review of project design documents addressing technical criteria, environmental safeguards, and biomass sustainability.
• Meadow Lake Tribal Council (MLTC)coreStrategic or Co-development Partner · 25 April 2024MLTC and Carbon Alpha are co-developing the North Star Project, a CDR project near Meadow Lake, Saskatchewan. The project builds upon MLTC's existing bioenergy centre that generates renewable power from waste biomass. MLTC is majority owner of the North Star project and all economic benefits flow to the nine First Nations. The project creates up to 125 construction jobs and 12 permanent positions.
• SeisWaresupportingTechnology or Integration · 18 September 2023Carbon Alpha collaborated with SeisWare on a Fireside Chat video series discussing seismic and CCS topics. Lee Hunt and Eric Street of Carbon Alpha participated in multiple episodes covering seismic surveys in carbon capture and storage.
• Heartland GenerationsupportingStrategic or Co-development Partner · 3 May 2023Carbon Alpha supported Heartland Generation to evaluate and advance the carbon storage component of the BRCH (Buffalo Buffalo Rule Heat) project. Carbon Alpha was the primary contractor for subsurface and drilling activities, de-risking a reservoir complex through seismic data interpretation and integration of well log data.
• North Star Carbon Solutions LPcoreStrategic or Co-development PartnerNorth Star Carbon Solutions Limited Partnership is the operating entity for the North Star BECCS project, formed as a partnership between Svante Technologies and Meadow Lake Tribal Council. The entity handles carbon dioxide removal credit generation and geological storage operations.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Svante Technologies: Svante is Carbon Alpha's parent company post-acquisition and a leading developer of sorbent-based carbon capture technology. Both companies operate in the CCS value chain with complementary capabilities — Svante in capture and Carbon Alpha in storage and MRV — making Svante the closest technical and strategic peer.
• Climeworks: Climeworks is the global leader in direct air capture (DAC) and sells CDR credits to enterprise buyers including Microsoft. Like Carbon Alpha, it monetizes durable CDR through long-term corporate offtake agreements and lists credits on registries such as Puro.earth.
• Heirloom Carbon Technologies: Heirloom is a DAC company using limestone-based enhanced weathering to capture atmospheric CO2. It is a direct peer in the durable CDR credits market with enterprise offtakes and Puro.earth certification, addressing the same corporate buyer pool as Carbon Alpha.
• CarbonCapture Inc. CarbonCapture Inc. develops DAC technology and sells verified CDR credits. As a US-based direct air capture developer with corporate offtake agreements, it competes with Carbon Alpha for the same enterprise demand for high-integrity durable carbon removal credits.
• 1PointFive (Occidental subsidiary): 1PointFive is building one of the world's largest DAC facilities (Stratos) and is developing geological CO2 storage hubs. It is a direct peer to Carbon Alpha in scaling durable CDR via geological sequestration and accessing corporate offtake buyers.
• CarbonOrO: CarbonOrO is a Swedish BECCS project developer partnering with biomass energy producers to add carbon capture. It is one of the closest pure-play BECCS peers to Carbon Alpha's North Star project and competes for global BECCS CDR offtake demand.

Regional players

• Stockholm Exergi: Stockholm Exergi is developing one of Europe's first large-scale BECCS projects at its Värtaverket plant. As a BECCS-first CDR developer based in Sweden, it is a strong regional peer with comparable technology (biomass combustion + geological storage) to Carbon Alpha's North Star.

Broad incumbents

• CarbonCure Technologies: CarbonCure is a Canadian company that injects captured CO2 into concrete for permanent mineralization. While a different storage pathway, it competes with Carbon Alpha for corporate demand for permanent carbon removal and overlaps in industrial CCS deployment in Canada.
• Carbon Engineering (now part of Occidental): Carbon Engineering pioneered large-scale DAC technology and is now integrated into Occidental's 1PointFive. It is a broad incumbent in the CDR industry and comparable to Carbon Alpha in developing durable, engineered carbon removal pathways with corporate offtakes.

Emerging players

• Mangrove Systems: Mangrove Systems is Carbon Alpha's digital MRV partner for the North Star project. As a CCS MRV software provider, it is an emerging peer/partner in the carbon storage monitoring stack that Carbon Alpha's Theseus 24D method also serves.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/Carbon.Alpha.CCS
• LinkedInlinkedin.com/company/carbon-alpha
• Instagraminstagram.com/carbon.alpha/?hl=en
• Xx.com/carbon_alpha

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries3 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Carbon Alpha