BERKELEY, Calif., Sept. 19, 2022 /PRNewswire/ -- 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, as highlighted with the International Energy Agency's forecast that nuclear capacity will more than double between 2020 and 2050. Investor interest is following, with Clean Tech, ESG, and Climate investors increasingly leaning into advanced nuclear technologies.
One of the most significant enablers for the expanded use of nuclear power is nuclear waste disposal. 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 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 solution provides a new path for accessing the $667 billion addressable 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. With a deadline now set in In Europe, we offer the only timely, scalable, safe, cost-effective option for most countries to meet it."
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. Visit http://www.deepisolation.com to learn more.About Deep Isolation
Deep Isolation is a leading global innovator in nuclear waste disposal solutions. Driven by a passion for environmental stewardship and scientific ingenuity, the company's patented solution of advanced nuclear technologies enables global delivery through its partnerships with industry leaders as well as flexible IP licensing options.
Deep Isolation, Inc.
2001 Addison St., Suite 300
Berkeley, CA 94704
Source: Deep Isolation, Inc.