Deep Isolation's deep borehole solution provides a new path forward for accessing the $667 billion addressable global nuclear waste disposal market.
BERKELEY, Calif., Sept. 19, 2022 /PRNewswire-PRWeb/ -- The lack of a viable spent fuel disposal solution remains an obstacle to the increasing global interest in nuclear power that guarantees energy security and helps enable a net zero world. Deep Isolation, a leading innovator in nuclear waste disposal solutions, is today kicking off an opportunity for investors to participate in the only scalable long-term solution for nuclear waste.
Deep Isolation's advanced disposal technology brings a promising option to break through the nuclear waste disposal stalemate, enabling a more certain future for nuclear energy developers seeking to capitalize on this ESG opportunity.
With much of Europe and the world increasingly viewing nuclear as necessary for addressing both energy security and climate change, the market is primed for significant expansion. This expansion is highlighted by the International Energy Agency forecasting that the world's nuclear capacity will more than double between 2020 and 2050 – most of that growth front-loaded. Investor interest is following, with Clean Tech, ESG, and Climate investors all increasingly leaning into advanced reactors, fusion, and ancillary services.
One of the most significant enablers for the expanded use of nuclear power is nuclear waste disposal. The U.S. is now investing heavily in nuclear back end, and starting January 1, 2023, all new nuclear power developers across the European Union will be required under the Complementary Climate Delegated Act to establish operational plans for a spent fuel disposal solution to meet Europe's climate change aspirations.
"Deep Isolation is solving the 'what about the waste?' problem. Their solution is elegant, effective, distributed and exactly what nuclear energy communities need," said Valerie Gardner, Managing Partner of Nucleation Capital. "Happily, we expect it to be available at the right price and the right time to help enable the growth of next-generation nuclear."
To date, Deep Isolation has raised $24 million, including a $21 million Series A raise in 2020 led by nuclear industry leader NAC International, Inc. The company's deep borehole solution provides a new path forward for accessing the $667 billion addressable global nuclear waste disposal market.
"Deep Isolation is well-positioned to deliver significant returns on investment in timeframes that are aligned with VC requirements," said Deep Isolation CEO and co-founder Liz Muller. "Nuclear has become not only a smart investment but a crucial one. In Europe, policymakers have now set a deadline for new nuclear investments to start disposing of their spent fuel by 2050 or earlier – and Deep Isolation offers the only timely, scalable, safe, cost-effective option for most countries to meet that deadline. Similar concerns about energy security and climate change are driving demand for our solution globally."
The company encourages interested parties to submit investment inquiries by September 23. It will be running a competitive process that will kick off on September 26. Please visit http://www.deepisolation.com/invest-in-deep-isolation to learn more and schedule an introductory meeting.
Media Contact
Zann Aeck, Deep Isolation, 1 415-915-6505, [email protected]
SOURCE Deep Isolation
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