Deep Isolation and Amentum have signed a memorandum of agreement to work together to further the commercialisation of Deep Isolation’s nuclear waste disposal technology in what could be a multi-billion-dollar market around the world.
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 $30bn (€29bn), California, US-based Deep Isolation said.
The company said “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.
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