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.

“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.

Press Contacts

Zann Aeck
media@deepisolation.com

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

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

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