Startup Raises Funds to Use Oil Drilling Tech for Nuke Waste (1)

A nuclear technology startup raised $33 million in a private placement to test its system for storing radioactive waste deep underground.

Deep Isolation Nuclear Inc. uses drilling techniques developed for fracking by the oil and natural gas industry to dig boreholes where it can deposit spent nuclear fuel rods. The Berkeley, California-based company says its technology is nearly ready for use, though it has yet to fully test the system and still needs regulatory approval.

Interest in nuclear power is skyrocketing as the world’s electricity needs increase, particularly to power artificial intelligence. While the technology doesn’t emit carbon dioxide, ...