Deep Fission secures US$4 million to accelerate its underground reactors

Deep Fission obtains US$4 million in pre-seed funding to advance the commercialization of underground nuclear reactors, an innovative approach to optimizing cost and safety.

Share:

Subscribe for unlimited access to all energy sector news.

Over 150 multisector articles and analyses every week.

Your 1st year at 99 €*

then 199 €/year

*renews at 199€/year, cancel anytime before renewal.

Deep Fission raises USD 4 million in a pre-seed financing round.
The funding, led by the 8VC fund, is aimed at accelerating the company’s plans to develop underground nuclear reactors.
The main objective is to take advantage of natural underground conditions to design more compact facilities, while reducing infrastructure costs and improving operational safety.
Deep Fission’s approach is based on the use of conventional nuclear technologies, but in an unconventional environment.
Reactors are installed one mile below the surface, eliminating the need for large containment structures.
This configuration significantly reduces costs, while maintaining a high level of safety.
Unlike emerging nuclear reactors, which require specific supply chains, Deep Fission uses commercially available low-enriched fuel, which reduces the risks associated with development delays.

A strategic turning point for underground nuclear power

Founder and CEO, Elizabeth Muller, emphasizes that this round of funding will enable Deep Fission to focus on strengthening its teams, advancing its regulatory processes, and preparing the commercialization of its technology.
The company has already achieved several key milestones, including finalizing a conceptual design, submitting a regulatory commitment plan to the Nuclear Regulatory Commission (NRC) and organizing a review meeting with this body.
The decision to install the reactors underground is not just a technical innovation.
It is a strategic response to the demands of safety and economic competitiveness in the nuclear sector.
By integrating proven concepts in an optimized environment, Deep Fission offers an alternative that could redefine industry standards.
This initiative positions the company as a player capable of transforming current nuclear paradigms, offering more economical and safer solutions, while integrating harmoniously into existing infrastructures.

France and Germany have validated a joint energy roadmap, including a commitment to the non-discrimination of nuclear energy in European financing.
Russia and Iran seek to strengthen their nuclear cooperation as the E3 activates the sanctions mechanism against Tehran, reigniting tensions over compliance with the 2015 Vienna agreement.
US-based Natura Resources has secured strategic funding and key permits for its MSR-1 nuclear reactor, backed by public funds and enriched fuel allocation from the Department of Energy.
The United States and South Korea have agreed to initiate discussions on reprocessing spent nuclear fuel, marking a potential strategic shift in the long-standing bilateral agreement.
The United States Nuclear Regulatory Commission has granted a 40-year extension for the AP1000 reactor design certification, supporting its long-term construction domestically and deployment abroad.
Nano Nuclear Energy has signed a memorandum of understanding with Dioxitek, Argentina’s only uranium supplier for nuclear fuel, to assess the development of local conversion and enrichment capacities.
Stockholm plans to restart uranium extraction by lifting the 2018 ban, aiming to secure strategic supply chains and support domestic nuclear electricity production.
The French Atomic Energy Commission has signed a letter of intent with start-up Calogena to study the installation of a 30 MW thermal small nuclear reactor at its Cadarache site.
A Guidehouse Research report anticipates strong growth in the global nuclear modular reactor market, with revenues rising from $375.8 million in 2025 to $8.1 billion in 2034.
KHNP, Doosan, POSCO and Samsung C&T join US partners to develop 5 GW of modular reactors, expand uranium enrichment and build an 11 GW energy complex in Texas.
The US Department of Energy is creating an industrial consortium to accelerate domestic enriched uranium production and reduce reliance on foreign imports ahead of the Russian supply ban in 2027.
The kamikaze drone damaged an auxiliary transformer at the Kursk plant, halving the output of its only reactor in operation, according to Rosatom and the International Atomic Energy Agency.
The four production units at the Gravelines nuclear power plant, shut down in mid-August by a massive jellyfish incursion, are back online, restoring the site’s full capacity.
enCore Energy Corp. has completed a $115 million fundraising through convertible notes maturing in 2030, strengthening its financial capacity for upcoming operations.
Vattenfall advances its nuclear project in Sweden by selecting two modular reactor suppliers, GE Vernova and Rolls-Royce SMR, for a potential installation on the Värö Peninsula.
NANO Nuclear Energy has been selected to compete in the final round of xTechSearch 9, a US Army initiative aimed at identifying high-potential dual-use technology solutions.
Aalo Atomics completes Series B funding, bringing its total to USD 136 million, to build its first modular nuclear power plant dedicated to data centers.
The Malaysian government initiates a national assessment on nuclear energy feasibility, targeting regions facing energy supply constraints and integrating international regulatory requirements.
The merger between Premier American Uranium and Nuclear Fuels reaches a key milestone following final approval of the arrangement plan by the Supreme Court of British Columbia.
TVA, Google, and Kairos Power formalize an agreement to connect an advanced reactor to the grid, supporting data center energy growth and reinforcing the U.S. nuclear industry.

Log in to read this article

You'll also have access to a selection of our best content.

or

Go unlimited with our annual offer: €99 for the 1styear year, then € 199/year.