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Deep Isolation closes $20m funding round

Nuclear waste disposal start-up Deep Isolation has announced the close of its $20m Series A raise, which was led by NAC International Inc.

Based in Berkeley, California, Deep Isolation aims to provide a solution to the issue of safe nuclear waste disposal with its directional drilling technology, which isolates nuclear waste deep underground. 

No country has managed to successfully dispose of high-level nuclear waste or spent nuclear fuel, a factor seen as a significant barrier to the nuclear waste industry, and the reason often cited for opposition of nuclear energy.

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“The Deep Isolation method in our view is safer and more efficient than prior competing alternatives and avoids the complexities and risks of putting people underground to emplace and monitor the wastes,” said Kent Cole, president and CEO of NAC International. “We are eager to work with Deep Isolation and its other strategic partners to break through the barriers that have previously constrained implementation of disposal solutions.”

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