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- Deep Fission Emerges from Stealth Mode with $4M Pre-Seed Round
Deep Fission Emerges from Stealth Mode with $4M Pre-Seed Round
Slice of Energy Team
August 26, 2024
Key Highlights:
Deep Fission Inc. secures $4 million in pre-seed funding led by 8VC.
Innovative approach places nuclear reactors a mile underground, enhancing safety and reducing costs.
Co-founded by Elizabeth and Richard Muller in 2023, focusing on affordable, clean nuclear energy.
Early engagement with Nuclear Regulatory Commission to streamline regulatory approval.
Source (Business Wire)
Notable Quotes:
“I am thrilled to introduce Deep Fission and present our groundbreaking approach to affordable nuclear power. Climate change has accelerated the need for clean energy, and nuclear must be cheaper in order to compete with coal and natural gas.”
“Cheap energy fuels our prosperity and all of our technology. 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!”
Our Take:
Deep Fission’s approach to placing nuclear reactors a mile underground represents a significant shift in the nuclear energy landscape. By leveraging deep underground environments, the company not only cuts down on the costs traditionally associated with nuclear power but also sets new safety benchmarks. This innovative approach, coupled with early regulatory engagement, positions Deep Fission as a potential game-changer in the race towards clean, reliable, and affordable energy. The success of this project could accelerate the adoption of nuclear energy, crucial for meeting global energy demands and achieving climate goals.