Deep Fission Inc., a nuclear energy company, has secured $4 million in pre-seed funding round, led by 8VC. Positioned at the forefront of advanced energy technology, Deep Fission aims to redefine the future of nuclear power with an unprecedented approach: placing reactors a mile underground.
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The Funding will accelerate efforts in hiring, regulatory approval, and the commercialization of Deep Fission’s revolutionary reactor technology.
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The world’s demand for energy is growing fast, driven by economic development as well as artificial intelligence, high performance computing, and data center requirements. We need energy that is clean, reliable, and affordable.
Nuclear power is clean and reliable but has historically been too expensive. New innovations have the potential to drive down costs, but many advanced reactors have supply chain difficulties – especially with regard to access to High Assay Low Enriched Uranium, often called “HALEU”. Deep Fission reduces the cost of nuclear power while using an existing supply chain and technology that is comparable to hundreds of nuclear power plants that have already been licensed and are now in operation around the world.
“I am thrilled to introduce Deep Fission and present our groundbreaking approach to affordable nuclear power,” said Elizabeth Muller, co-founder and CEO of Deep Fission. “Climate change has accelerated the need for clean energy, and nuclear must be cheaper in order to compete with coal and natural gas. We’ve innovated beyond other reactor designs and engaged early and often with the Nuclear Regulatory Commission to make atomic energy a viable option to power AI, industrial applications, as well as remote communities. We cannot wait to share our findings with the world and do our part to help with the clean energy transition.”
“Cheap energy fuels our prosperity and all of our technology,” said Joe Lonsdale, Managing Partner at 8VC. “With global demand escalating, we need more options. We invested in Deep Fission because they are engineering a way for nuclear power to be exceptionally safe, cost-effective, and reliable – and far enough underground that hopefully neither war nor regulators can turn it off!”
Deep Fission produces very safe and very low-cost nuclear power. It does this by bringing existing nuclear technology into an unconventional environment: deep rock a mile underground.
About Deep Fission
Deep Fission produces very safe and very low-cost nuclear power. It does this by bringing existing nuclear technology into an unconventional environment: deep rock a mile underground.
