Nuclear Industry expert Steve Nesbit joins Deep Isolation as Utilities Advisor

Berkeley — Steve Nesbit, an expert in policy relating to nuclear power, has joined Deep Isolation as a Utilities Advisor.

Nesbit is the founder of LMNT Consulting Company and joins Deep Isolation as a consultant after a 40-year career in the nuclear power industry.  Nesbit’s career included 37 years at Duke Energy, where he most recently served for nine years as Director of Nuclear Policy.  Prior to that he was Spent Fuel Manager for the company and was heavily involved in nuclear industry technical and policy initiatives related to used fuel management.  Nesbit also worked on several DOE projects including the Yucca Mountain Nuclear Waste Repository and the Centralized Interim Storage Facility Project.

Steve Nesbit Heashot
Steve Nesbit has joined Deep Isolation as a Utilities Advisor.

“It’s exciting to have yet another respected nuclear industry veteran join our team,” said Deep Isolation CEO Liz Muller. “His knowledge of how industry and government come together to address spent fuel management will play a critical role in progressing nuclear waste disposal.”

Nesbit received Bachelor of Science and Master of Engineering degrees in nuclear engineering from the University of Virginia. As a registered professional engineer in North Carolina, Nesbit was an adjunct faculty member at the University of North Carolina at Charlotte, where he taught nuclear engineering. Nesbit was ANS President from June 2021 to June 2022.

“It is essential that our country makes progress toward disposal of used nuclear fuel and high-level radioactive waste,” said Nesbit.  “I very much look forward to being part of the Deep Isolation team, which has done excellent work and is bringing much-needed innovative approaches to this area.”

After just four years as a public-facing company, Deep Isolation’s milestones include: contracts with a dozen countries across three continents, 18 patents and 90 notices of invention; a subsidiary in Europe; the acquisition of Freestone Environmental Services in the U.S.; and recently, two multi-million awards from the U.S. Government.

About Deep Isolation 

Deep Isolation is a leading global innovator in nuclear waste storage and 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.

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Zann Aeck
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Deep Isolation, Inc.
2001 Addison St, Ste. 300
Berkeley, CA 94704
www.deepisolation.com

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Blog by Jessica Chow, September 28, 2022

Empowering the Next Generation of Nuclear Professionals

By Jessica Chow

The rapid growth of nuclear start-ups in the past two decades indicates the changing nuclear industry: an industry in need of innovation. This industry needs fresh perspectives from professionals excited to engage with nuclear technology, especially in the face of the global challenge of climate change. 

The nuclear start-up life was the topic of a panel I joined recently at the Nuclear Innovation Bootcamp (NIB) in Madison, Wisconsin. Also participating were Tyler Bernstein of Zeno Power Systems, Alexia Mercier of OECD Nuclear Energy Agency, and Andy Morales of FireHydrant. We delved into the intersection of nuclear technology, innovation, and team building in the start-up space. Most of the questions we received from the Bootcamp attendees focused on how to not only succeed in the nuclear start-up space but thrive. Let’s discuss that. 

What does success look like in the nuclear industry? Success looks like the further deployment of nuclear energy technology to fight climate change, continued use of nuclear material for medical purposes, and future innovation in the nuclear industry.

So how do we get there and what changes to how we approach nuclear innovation will be needed to find this success? Based on the NIB panel discussion, it seems that young professionals believe new reactor designs are key to the future success of nuclear energy. It does make sense that young industry professionals who may be unfamiliar with the complex history of nuclear power would focus on the technical aspects of nuclear. But forgoing the industry’s history misses a key opportunity for growth: to find success in the nuclear industry, especially with innovation, we need to learn from the industry’s past, especially as it pertains to its engagement with the public. 

Success for the next generation of nuclear professionals must:

Listen. Learn. Adapt. 

We can pull a great example of this from my co-panelist, Tyler Bernstein of Zeno Power Systems who said, “Something I believe we’ve done well as we’ve grown our team is balancing bringing onboard team members with decades of experience with industry newcomers — who are frequently non-nuclear engineers. We’ve seen this combination work well as those who have more experience can impart wisdom on how things have been in the past, while industry newcomers bring fresh and creative ideas to the table. In fact, our founding team is comprised wholly of newcomers to the nuclear industry; I believe a good part of our success to date is a result of my co-founders and I coming together with new perspectives on old problems.”

Recruiting a diverse team is part of creating a culture where different stakeholders are listened to in a constructive and meaningful way. A diverse team provides an organization with the ability to approach conversations from different perspectives. Many of the attendees at NIB are in the process of starting their own nuclear startups. To empower their success, we must also empower young professionals to build teams diverse in expertise, backgrounds, age, and race. 

There is so much work to be done to prepare young professionals for the complex nuclear industry, but by questioning the traditions of the nuclear industry of the past, we can learn and change to find success in the future. 

A final thank you is deserved by the organizers of the 2022 Nuclear Innovation Bootcamp, especially River Bennett of Nuclear Innovation Alliance, the panel’s moderator for the panel. It is programs such as NIB that provide much-needed resources to the young generation of the nuclear inclusive clean energy future. 

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Berkeley —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 with 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 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 www.deepisolation.com/invest-in-deep-isolation to learn more and schedule an introductory meeting.

About Deep Isolation 

Deep Isolation is a leading global innovator in nuclear waste storage and 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.

Press Contacts

Zann Aeck — Deep Isolation
media@deepisolation.com

Deep Isolation, Inc.
2001 Addison St, Ste. 300
Berkeley, CA 94704
www.deepisolation.com

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Liz Muller’s portion begins at 22:40. Elizabeth Muller is CEO and co-founder of Deep Isolation, who talks about her background as an environmentalist and explains why she wanted to “solve” the issue of nuclear waste disposal so that the future growth of nuclear is not held back by negative public perception of the issue. She explains the company’s deep borehole repository system and sets out likely timescales, which means there could be a disposal site up and running within the next five to ten years.

Atomic Insights, August 9, 2022

The Power Hungry Podcast: Elizabeth Muller

Elizabeth Muller is the CEO of Deep Isolation, a Berkeley-based company that seeks to resolve America’s nuclear waste challenge by using technology borrowed from the oil and gas business. In this episode, she explains why the waste issue must be solved before the nuclear sector can have a full renaissance, why Deep Isolation must have success overseas before it succeeds here, the advantages of using boreholes instead of a mined repository (think Yucca Mountain), and why, when it comes to nuclear, “the world has shifted over the past six months.”

Partnership Formed to Capture Opportunities in $30 Billion Market

BERKELEY/GERMANTOWN – Deep Isolation Inc. and Amentum have signed a Memorandum of Agreement to work together to further the commercialization of Deep Isolation’s technology around the world. This agreement positions the companies as global leaders in a multi-billion-dollar nuclear waste disposal industry that promises to unlock the future of clean nuclear energy.

Initial targets for joint work include countries in Europe and the Pacific that represent a combined addressable market for geologic disposal of spent fuel and high-level waste worth more than $30 billion.

“Amentum has unparalleled engineering expertise and experience in the use of science and advanced technologies to successfully clean up highly complex nuclear sites,” said Jim Blankenhorn, Senior Vice President of Amentum. “This partnership strengthens our collective position in a growing market to provide innovative solutions for nuclear disposal around the world.”

There is a new sense of urgency to dispose of nuclear waste. Low-carbon nuclear energy is a powerful alternative to fossil fuels in the fight against climate change, but much of the world is requiring a waste solution to be in place before investments are made in new nuclear power installations. Deep Isolation’s advanced nuclear technology leverages directional drilling practices to safely and efficiently isolate waste deep underground in borehole repositories, providing many countries with an alternative to a traditional mined repository.

“The world is changing fast, and it’s imperative for the success of nuclear energy that we solve the nuclear waste challenge,” said Deep Isolation CEO Elizabeth Muller, an environmentalist and co-founder of the company. “Deploying the solution requires a large-scale team effort.”

Amentum, a premier global technical and engineering services provider, brings numerous proven strengths: maintaining complex and high hazard facilities and processes; delivering environmental solutions to customers worldwide; and capabilities in environmental management and waste management.

The agreement provides Amentum with access to more than 50 protected Deep Isolation inventions, as well as engineering specifications and know-how. This includes Deep Isolation’s detailed and compliant process based on IAEA guidance for tailoring a deep borehole repository to the specific regulatory requirements, waste inventory, stakeholder needs and local geology of each client.

Deep Isolation offers licenses that allow key industry players access to its protected intellectual property. The program features access to Deep Isolation’s patents and engineering work, as well as planning and operational processes that could be used independently of Deep Isolation technology.  “We are excited to work with Amentum to bring this solution to market,” Muller said. “We are pleased at the value they are placing in Deep Isolation’s solution by investing in this license.”

After just four years as a public-facing company, Deep Isolation’s milestones include: work with a dozen countries across three continents; a subsidiary in Europe; the acquisition of Freestone Environmental Services; and recently, two multi-million awards from the U.S. Government.

About Deep Isolation 

Deep Isolation is a leading global innovator in nuclear waste storage and 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.

About Amentum

Amentum is a premier global technical and engineering services partner supporting critical programs of national significance across defense, security, intelligence, energy, and environment. The company has vast experience in the nuclear cleanup market with a successful track record in reducing risk and solving waste management challenges around the world. It draws from a century-old heritage of operational excellence, mission focus, and successful execution underpinned by a strong culture of safety and ethics. Visit us at amentum.com to explore how we deliver excellence for our customers’ most vital missions.

Press Contacts

Kari Hulac — Deep Isolation
media@deepisolation.com

Deep Isolation, Inc.
2001 Addison St, Ste. 300
Berkeley, CA 94704
www.deepisolation.com

Keith Wood — Amentum
keith.wood@amentum.com

(803) 502-5748

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SEOUL — As governments worldwide are prioritizing the development of nuclear energy, there is increasing interest in nuclear waste disposal.

So far, the U.S.-Korean partnership on nuclear has focused largely on power production (such as the collaboration between NuScale and Doosan). And now that Europe has determined that nuclear must have a waste solution to be “green,” there is increasing interest in innovative solutions for waste disposal.

Today, at the 2022 Asian Leadership Conference in Seoul, leaders will participate in a panel on Spent Nuclear Fuel and High-Level Wastes. The panel is moderated by Hwang Il Soon, Chair Professor at Ulsan National Institute of Science and Technology (UNIST). Hwang has been leading a Korea national R&D program on oil-free microreactors for zero-emission vessels in support of global climate protection.

Panel participants include Seong Ik Oh, Director for overseas construction at Korea’s Ministry of Land, Infrastructure and Development, as well as Elizabeth Muller and Richard Muller, co-founders and CEO and CSO of Deep Isolation, a private waste disposal company.

The International Energy Agency says that reaching net-zero will require nuclear capacity to double by 2050. At least 30 countries are considering, planning, or starting nuclear power programs, according to the World Nuclear Association, and developers of advanced nuclear are attracting significant investment dollars.

The world has not yet disposed of any of the quarter-million metric tons of spent fuel accumulated over the last 70 years, and building mined geologic repositories is not affordable or scalable for many countries.

This presents a significant barrier to nuclear energy. A poll by Reuters/Ipsos found that of those opposed to nuclear energy in America, 64 percent are concerned about the waste. The European Union’s recently approved taxonomy amendment says nuclear power plants will only qualify as green investments if developers have a spent fuel disposal plan in place.

“Innovation in borehole waste disposal allows for greater flexibility of location, as well as improved safety and lower implementation cost,” said Deep Isolation CEO and co-founder Liz Muller. Chief Science Officer Richard Muller added, “We are trying to help enable the future of nuclear power and believe that this is achievable in years – not the decades that were previously required.”

Deep Isolation’s business model offers commercial and government partners a range of flexible IP licensing options, including training, support, and supply chain services for its planning and operational processes and solution technology.

About Deep Isolation 
Deep Isolation is a leading global innovator in nuclear waste storage and 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.

Press Contacts

Kari Hulac — Deep Isolation
media@deepisolation.com

Deep Isolation, Inc.
2001 Addison St, Ste. 300
Berkeley, CA 94704
www.deepisolation.com

Press Contacts

Kari Hulac — Deep Isolation
media@deepisolation.com

Deep Isolation, Inc.
2001 Addison St, Ste. 300
Berkeley, CA 94704
www.deepisolation.com

101 Asset

Nuclear Waste 101

Understand more about nuclear waste and its implications for you and your community.

About Nuclear Waste

asset FAQ

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Event, July 13-14, 2022

2022 Asian Leadership Conference

The co-founders of Deep Isolation will discuss their technology and business model at a panel on Spent Nuclear Fuel and High-Level Wastes at this week’s 13th Asian Leadership Conference in Seoul. The panel is scheduled for July 13, 2022, and will be moderated by Hwang Il Soon, Chair Professor at Ulsan National Institute of Science and Technology (UNIST).

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Contact

For more information about our solution, please contact us.

info@deepisolation.com+1 415 915 6506

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