Mentioned:
Deep Fission is officially one step closer to getting their small modular reactors approved in America.
What’s happening:
- Deep Fission (NASDAQ: FISN) has received a new approval from the United States Department of Energy for their Nuclear Safety Design Agreement for their flagship small modular reactor known as the Gravity Reactor
Why it matters:
- The new approval from the United States Department of Energy will allow Deep Fission to submit a safety analysis to advance their Gravity Reactor closer to full authorization to build and operate their pilot react in Parsons, Kansas
Going deeper:
- Deep Fission’s Gravity Reactor has 15 megawatts of electric power capacity and is purpose built to operate one mile underground in boreholes
- Deep Fission just recently completed an IPO financing round to list on the Nasdaq and has multiple notable early stage investors, including Palantir (NASDAQ: PLTR) co-founder Joe Lonsdale’s venture capital fund 8VC
The intrigue:
- Deep Fission has publicly stated that they have signed contracts for 15 gigawatts of total deployments for their Gravity Reactors with data centres and strategic infrastructure partners
The fine print:
- Deep Fission still ultimately will require the United States Department of Energy to grant authorization to build and operate their first pilot reactor as well as a separate license from the Nuclear Regulatory Commission before they can commercially deploy their Gravity Reactors
