Deep Fission NASDAQ: FISN is targeting commercial electricity generation from its first underground nuclear reactor in Parsons, Kansas, by the end of 2027, Chief Executive Officer Liz Muller said during a company presentation.
Deep Fission NASDAQ: FISN is pursuing an underground approach to advanced nuclear power, with plans to place pressurized water reactors in boreholes roughly a mile below the surface, Co-Founder and CEO Liz Muller said at Canaccord Genuity's 46th annual growth conference.
Deep Fission is rated 'Hold' due to limited operating history, no revenue, and a multi-year path to commercialization. FISN targets small modular nuclear reactors using established pressurized water technology, with DoE backing and pilot program inclusion. Significant capital requirements, expected equity dilution, and cash burn are key risks until commercialization, projected in three years.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| NA Nizar Araji National Bank Of Canada /FI/ | 200 | $2,208 | $1,590 | -$618 | -27.99% |
| Independent Power and Renewable Electricity Producers Industry | Utilities Sector | Elizabeth Muller CEO | NASDAQ (NMS) Exchange | 243927100 CUSIP |
| US Country | 51 Employees | - Last Dividend | - Last Split | - IPO Date |
Deep Fission is at the forefront of nuclear energy innovation, concentrating on the development of a small modular reactor (SMR) that utilizes well-established pressurized water reactor technology. This advanced reactor is designed to be placed in deep boreholes, approximately one mile beneath the Earth's surface, which presents a groundbreaking method for nuclear energy generation.
The concept of deep borehole deployment is integral to Deep Fission's approach, as it promises enhanced safety, minimal land use, and reduced environmental impact. Positioned deep underground, the reactors are shielded from external threats, while access to significant geothermal energy sources enhances their operational efficiency and sustainability.