Deep Isolation, Amentum Sign MoU to Commercialize Nuclear Waste Disposal Technology
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.
August 10, 2022. By News Bureau
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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."
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