Webinar: The Economics of Deep Boreholes

Webinar, September 30, 2026

Webinar: The Economics of Deep Boreholes

In this webinar, Chris Parker and Matt Waples of Deep Isolation explored the economics of deep boreholes and why deep borehole disposal is the preferred strategy for the permanent management of used nuclear fuel and high-level radioactive waste, including the main factors that influence the cost of deep borehole disposal, using approaches that are consistent with international practice. The discussion examined how different design and operational choices can affect costs while maintaining a strong focus on safety. It also considered how deep borehole disposal compares with other long-term nuclear waste management options and the broader funding considerations for implementing these solutions.

Q&A: The Economics of Deep Boreholes

1. Regulation & Licensing

How would deep borehole disposal be regulated and licensed in the United States, and how would existing requirements apply to a borehole repository?

In the U.S., we would work within the federal framework for geologic disposal. EPA’s 40 CFR Part 191 establishes generally applicable environmental standards for disposal of spent nuclear fuel and high-level radioactive waste, while NRC’s 10 CFR Part 60 contains licensing criteria for geologic repositories.

The current framework was not written specifically for deep borehole disposal, so we would work with the relevant agencies to determine how existing requirements apply and whether additional guidance or rulemaking is needed. A project would also need to address applicable environmental review, drilling and construction requirements, groundwater protection, land use and other federal, state, and local requirements.

There is not one generic one-million-year performance criterion that applies to every U.S. repository. The applicable performance period and regulatory pathway would depend on the waste, site, ownership, and project structure.

10 CFR Part 60 contains a retrievability requirement, generally requiring the repository to preserve the ability to retrieve waste for up to 50 years after emplacement. Our design provides for retrieval during emplacement and the pre-closure operating period. A country’s retrievability requirement for DBD will ultimately dictate how long the borehole remains open (and monitored) before a license for repository closure is granted and acted upon.

Under the current Nuclear Waste Policy Act framework, Yucca Mountain is the designated site for the federal repository program for spent nuclear fuel and high-level radioactive waste, and DOE is restricted from conducting site-specific repository activities at another site without congressional authorization. Deployment of a deep borehole repository for commercial spent nuclear fuel under that federal program would therefore require congressional action, including changes to the NWPA. During Congressional hearings in September 2026, lawmakers and experts reviewed the Administration’s new NLIC framework. The proceedings emphasized a shared recognition between Congress and the Department of Energy that updating the NWPA is a near-term necessity to support these new regional waste management initiatives. Source: U.S. House Committee on Energy and Commerce, “Nuclear Spent Fuel Policy: Examining Nuclear Lifecycle Innovation Campuses,” Sept. 11, 2026, p. 6.

2. Repository Costs, Comparisons & Project Risk

How do the costs of deep borehole disposal compare with mined repositories, and how do factors such as repository size, drilling performance and project risk affect those comparisons?

Repository costs vary depending on inventory, geology, regulatory requirements, transportation, project scope and other factors.

The 2024 Amentum paper Cost Comparison for Deep Borehole Disposal as Alternative to Mined Repository compared published cost estimates for mined repositories and deep borehole disposal concepts across multiple countries. Our current cost analysis estimates deep borehole disposal at approximately $424,000 per metric ton of heavy metal for unprocessed spent fuel, compared with approximately $1.2 million per metric ton for mined disposal. Actual costs vary by inventory, geology, repository design and program scope, so these figures should be viewed as indicative rather than direct one-to-one comparisons.

A repository would be sized around the waste inventory, geology and preferred repository architecture, and a program could use one site or multiple sites. Licensing, infrastructure, and other fixed costs therefore need to be evaluated for the specific deployment strategy.

Drilling performance is another important factor in deep borehole economics. Our base economics use single borehole drilling cost estimates as a basis and apply economies of learning as applicable to larger borehole quantity repositories. Though this approach is intended to be conservative, estimates will continue to be refined with time and experience, and contingency budgets based on technology and commercial readiness levels of each applicable WBS item are also calculated in many of our economic studies.

As we collect field data through our full-scale demonstration program, including emplacement, retrieval and planned testing of off-normal conditions, we can use that experience to refine drilling schedules, operating assumptions, contingencies, probabilities, and future project cost estimates.

Interim storage will continue to play a role while permanent disposal facilities are developed. Deep borehole disposal does not eliminate the need for siting, characterization, licensing or community engagement, but its modular design allows construction and disposal to be phased borehole by borehole rather than requiring a large, continuous underground facility to be completed before disposal can begin. That flexibility may be especially relevant for countries or waste streams with smaller inventories.

Ultimately, disposal costs should be viewed in the context of the full lifecycle cost of nuclear energy. Cost is one consideration alongside safety, schedule, siting flexibility, transportation requirements, and implementation risk. Disclosure: Amentum is a licensee of Deep Isolation’s technology.

3. Fuel Handling, Repackaging & Disposal Operations

How would spent nuclear fuel be packaged, handled and ultimately disposed of in a deep borehole repository, and how do repackaging requirements affect the economics?

The approach would depend on the fuel inventory, existing storage system and final disposal package selected. Fuel already stored in existing systems may need to be removed from larger storage canisters and repackaged into disposal canisters suitable for emplacement in a deep borehole.

We evaluated the economics of that additional step in our 2025 paper, Economic Case for Universal Canister System (UCS) in Dry Storage, Transportation, and Disposal. In the reference case, repackaging for disposal was estimated at approximately $290,000 per metric ton of heavy metal. That estimate includes unloading and reloading the fuel, repackaging operations and maintenance, and the capital and decommissioning costs associated with an encapsulation facility. Actual costs would depend on the existing storage system, fuel, and final disposal configuration.

One reason we developed the Universal Canister System is to avoid that additional handling. The UCS is designed as a single canister that can be used across storage, transportation, and disposal, potentially eliminating the need to repackage fuel before disposal. We do, however, recognize that for SNF already packaged in high-capacity dry storage casks, that repackaging is necessary regardless of repository type.

At a deep borehole repository, disposal canisters would be emplaced in the disposal section of the borehole, far below shallow groundwater. Our design provides for retrievability during emplacement and the pre-closure operating period, and emplacement and retrieval are key elements of our full-scale demonstration program. Once disposal operations are complete and a repository is permanently closed, safety is to be maintained by long-term passive isolation.

For context, DOE’s GC-859 survey reports that 314,878 commercial spent-fuel assemblies, representing approximately 90,963 metric tons of initial heavy metal, had accumulated in wet and dry storage through the end of 2022. That does not mean all of those assemblies would need to be repackaged: the amount and type of repackaging required would depend on the storage systems in use and the disposal package ultimately selected.

4. Community Acceptance, Siting & Local Impacts

How does Deep Isolation approach community consent, public involvement and local impacts when considering a potential repository site?

Community consent is one of the guiding principles in our site-evaluation framework. We would engage early with communities, Tribal governments where applicable, regulators and other stakeholders and would provide access to the safety, environmental and economic information needed to evaluate a project. Independent experts and regulators also have an important role in reviewing the safety case and providing communities with information from sources beyond the project developer.

Community willingness cannot be reduced to a single probability or predetermined outcome; it depends on the project, location, engagement process and community itself. Nor is community acceptance simply a matter of “convincing” people. Our role is to provide clear information, engage transparently, and give communities a meaningful role in evaluating whether a project is right for them.

For a willing host community, potential benefits could include skilled employment, local procurement, infrastructure investment, and other economic benefits while providing a permanent solution for waste that may already be stored in the region. The nature and scale of those benefits would need to be developed transparently with the community and agreed to by them and the government rather than prescribed by the project developer.

Automation and remote handling may change the mix of jobs and reduce worker exposure, but a repository would still require skilled personnel across operations, maintenance, radiation protection, environmental monitoring, and other functions.

5. Safety, Safety, Safety

How does Deep Isolation evaluate long-term safety and technical risks such as seismicity, groundwater protection, criticality, and operational failures?

Safety begins long before any site is considered. Pre-closure equipment and processes have been designed and developed in a manner consistent with nuclear industry standards (considering mechanical, thermal, shielding, and criticality for normal and off-normal events). The equipment will be fabricated and procedures conducted and refined for our ongoing non-radioactive demonstration program, co-funded by the US Department of Energy.

A few operational-related questions merit discussion here. First, the borehole will be continuously cased and cemented, providing a barrier between the canisters and surrounding rocks. At the beginning of drilling, additional layers of casing and cement are applied at shallower depths to, among other reasons, further isolate the drilling and later emplacement activities from any potential drinking water aquifer. The continuous casing of a set diameter, coupled with the fact that the borehole will be filled with fluid for emplacement operations and the fact that the canister is designed with smooth walls and rounded features, greatly reduces the likelihood of a stuck canister during emplacement operations. This will be tested in the ongoing demonstration program, but it’s also worth noting the canister is designed to withstand a large pulling or pushing force, if needed in a stuck event, and that further contingent procedures will be developed. Post-closure criticality is also often asked about, though it is generally less of a concern than in most other arrangements. The borehole restricts canisters to axial loading only, making critical mass difficult to reach.  Moreover, criticality controls such as fixed neutron poisons, could be inserted into canisters during loading if deemed necessary, similar to how they may be applied in dry storage casks which utilize far tighter radial packing than boreholes. A final common question is what happens if a canister is dropped.  The canister is designed with this in mind, so even though procedures and equipment greatly reduce the likelihood of such an event, the canister is also designed to withstand such hypotheticals.

For post-closure safety, we have developed models and published several reports on DBD in generic, adjustable sedimentary and crystalline geologies.  These reports include sensitivity studies which have in turn informed our site evaluation framework (i.e., what are the key drivers for safety and how can we quantify limits for site screening). Using our framework, we can conduct preliminary regional-level screening to assess technical and economic factors such as seismicity, volcanism, groundwater depth and behavior, proximity to natural resources, and proximity to transport infrastructure. Following an initial screening, a more formal siting process can begin. This would involve discussions with communities and, for willing communities screened earlier as suitable, potential characterization well drilling.  These are small diameter boreholes not to be used for disposal, simply characterizing local geology at different depths.  Post-closure safety models and drilling estimates can be re-run with site-specific data.  Provided technical acceptability in safety and drilling feasibility and community acceptance, sites may be downselected and a selected site may have additional characterization and monitoring conducted depending on the envisioned footprint of a repository.  Explicit borehole designs, inventory assessments, geologic data, and other information will need to be packaged in a license application before any construction can begin.  Even after construction, another round of NRC licensure is required before any operations can begin.  Following operations, another licensure round is needed for closure.  This information is provided to show that repository siting, construction, operation, and closure are phased processes which can take years requiring community and regulator buy in before each step of the process.

Institutional controls, such as records, markers, monitoring, land-use restrictions, or government control, will be part of the process particularly post-closure.  These controls may be active or passive and are intended to reduce the risk of inadvertent human intrusion after closure. Long-term repository safety, however, is intended to rely on geologic barriers with defense in depth afforded by engineered barriers.

Our full-scale demonstration program is testing emplacement and retrieval and is planned to include off-normal conditions and failure response. The goal is to generate field data that can support the operational procedures and site-specific safety case required for future deployment.

Webinar Presenters:

Chris Parker Bio Pic

Chris Parker
Chief Commercialization Officer

Formerly a senior civil servant reporting directly to the British Prime Minister on the digital transformation of the UK’s economy and public services, Parker has a track record of nurturing public-private partnerships to drive market innovation, working at board level with government leaders and blue-chip companies across 40 countries. With more than 30 years of experience in stakeholder engagement, governance and partnership development for innovative solutions, Parker has led commercialization of Deep Isolation’s (OTCQB: DBHL) technologies since 2020.

Matt Waples profile

Matt Waples
Director of Engineering

Matt brings a breadth and depth of expertise in mechanical engineering (MS, PE), materials science & engineering (BS), project management (PMP) to his career focused on the back end of the nuclear fuel cycle. He spent the majority of his tenure at Naval Reactors Headquarters managing expended core examinations before gaining experience in utilities strategy consulting. Since 2022, Mr. Waples has led DOE-funded projects, international studies, regulatory and economic analyses, and various other tasks at Deep Isolation.

Event, November 11-12, 2026 in Golden, CO

Mines Nuclear Energy Symposium

Deep Isolation’s Jesse Sloane will join the inaugural Mines Nuclear Energy Symposium: “Colorado’s Nuclear Future” on November 12, 2026, at the Colorado School of Mines in Golden, Colorado. Jesse will participate in the panel “Closing the Loop: Recycling and Waste Management in the U.S. Fuel Cycle,” discussing nuclear fuel recycling, waste management, and the role of deep borehole disposal in safely managing high-level nuclear waste.

Deep Isolation will participate in the Clean Energy Metals Virtual Investor Conference, hosted by the OTCQB Venture Market, on August 27.

“The Clean Energy Metals Virtual Investor Conference brings together companies working across battery technology, copper, and critical minerals, all part of a supply chain investors are watching closely,” said Greg Young, VP, Corporate Services, OTC Markets Group. “These companies will have the opportunity to engage directly with a global investor audience through live presentations and one-on-one meetings.”

Join Rod Baltzer, CEO, and Joe Nelson, CFO, at 10:00 a.m. ET for a presentation on Deep Isolation and our innovative approach to the safe, scalable disposal of nuclear waste. The Virtual Investor Conference provides an interactive forum connecting publicly traded companies with a global audience of retail and institutional investors.

Date:
August 27 


Time:
10:00 a.m. ET 


Presenters:
Rod Baltzer, CEO, and Joe Nelson, CFO

Event, September 23-24, 2026 in Knoxville, TN

2nd Annual Nuclear Innovation Summit

This exclusive two-day in-person event will connect dynamic private and public companies from the Nuclear Energy sector with Benchmark-StoneX’s network of institutional investors. The Manhattan Project in Oak Ridge played a crucial role in developing the first nuclear weapons, and today, the city remains a global epicenter for nuclear innovation and industry, home to Oak Ridge National Laboratory and cutting-edge advancements in energy, defense, and medical isotopes.

The event will consist of the following:

  • Site Visits: Attendees will have the opportunity to visit Oak Ridge National Laboratory and participating companies’ facilities in Oak Ridge, gaining firsthand insight into cutting-edge research and industry operations.
  • Panel Discussions: Expert-led discussions on market trends, regulatory developments, and technological advancements.
  • Keynote Speaker(s): High-profile industry executives and policymakers sharing insights on the nuclear sector.
  • 1×1 Meetings: Pre-scheduled private meetings between investors and management teams.

Event, June 22, 2026 via Webinar

UBS Energy Transition Call Series

Nuclear Waste with Deep Isolation – Monday, June 22nd at 11am-12pm EDT. 

Deep Isolation develops technology solutions for the permanent disposal of nuclear waste using deep borehole repositories. Its approach utilizes directional drilling and engineered canisters to isolate high-level radioactive waste deep underground in stable geologic formations, offering an alternative to conventional repository designs. On the call, we will discuss the role of advanced disposal technologies in supporting nuclear expansion, particularly as new reactors and fuel cycles increase the need for scalable, long-term waste management solutions.

Joining the call from Deep Isolation is Rod Baltzer, CEO and Joe Nelson, CFO. The discussion will be hosted by Jon Windham, CFA, UBS U.S. Clean Energy Analyst.

Event, May 27-28, 2026 in New York, NY

Bank of America – Power, Utilities and Cleantech Conference

Fireside Chat with Deep Isolation Inc.

Thursday, May 28th, 2026 at 9:00 am Eastern Daylight Time

Speaker

Rod Baltzer
President & CEO, Deep Isolation Inc

Moderator

Ross Fowler
Head of North America Power & Regulated Utilities Equity Research, BofA Securities


The annual conference brings together corporate executives, institutional investors, analysts, and energy industry leaders to discuss trends shaping the power, utilities, and cleantech sectors. Discussions this year are expected to focus on energy infrastructure investment, utility transformation, capital formation, and rising electricity demand driven by AI, electrification, and advanced manufacturing.

Deep Isolation President and CEO Rod Baltzer will join a fireside chat on Thursday, May 28 at 9:00 a.m. EDT with Ross Fowler, Head of North America Power & Regulated Utilities Equity Research at Bank of America Securities, to discuss the growing role of nuclear waste management in supporting advanced nuclear deployment and long-term energy infrastructure planning.

Subscribe to Receive Our Newsletter

* indicates required

Email Preferences




Contact

For more information about our solution, please contact us.

info@deepisolation.com+1 415 915 6506

Deep Isolation, Inc.
2120 University Avenue, Ste. 623
Berkeley, CA 94704