November 2018 Deep Isolation Investor pitch

1. Elizabeth Muller, CEO
Safe and Permanent Isolation
of Spent Nuclear Fuel

2. An Untapped $500 Billion Market
Waste Accumulates, No Disposal
• 470,000* tons of waste will require disposal
• Currently in temporary storage at reactor
sites
• No country has an operational disposal
facility
Increasing Market Potential
• $1-2 billion spent/year in addressing lawsuits in
USA; projected to increase to $25 billion over
next 10 years.
• >$100 billion disposal market in the United States
• International markets calculated at >$400 billion
dollars.
*Based on 2018 figures from International
Atomic Energy Agency, 2018.

3. Who cares?
#1 reason
Why Americans
are against nuclear
is because of the
“unsolved” nuclear
waste problem
[The waste problem has] put an albatross
around the neck of the nuclear industry.
~ Maria Korsnick, CEO of Nuclear Energy Institute
1 in 3 Americans
lives within 50 miles of a
surface storage location “
$2-3B/year
To be spent by
taxpayers over next
decade because there
is no disposal solution

4. Expertise Spans Strategic Fields
Full-Time Team Includes:
 MacArthur “Genius” and
Bloomberg “Innovative Thinker”
 Former CEO of Waste Control
Specialists
 Gov’t Affairs expert who has
briefed Pres. Obama and Pres.
Trump
 Outreach coordinator for the Blue
Ribbon Commission
Advisors Include:
 2 Nobel Laureates
 Former Secretary of Energy
(under Obama)
 Advisor to Director for Yucca
Mountain
 Member of Blue Ribbon
Commission
 Member of Nuclear Waste
Technical Review Board
 Political Influencers
Founded by a unique duo that unites
strategic vision with technical savvy.
A Father-Daughter team that co-founded
Berkeley Earth and has been working
together for the past decade.

6. A Unique Technology
• Shale has held volatile gas (methane) for
millions of years, making a prima facie case
for isolation
• No need for humans at depth
• Minimize transportation by siting near existing
nuclear reactors
• First patent issued for disposing in or under
shale layer; more pending, others in the
works.
• Spent fuel is compact; one drill hole can store
200 to 400 tons
• 3-4 drill holes per nuclear reactor lifetime
• Costs are low (details to be provided offline);
Nuclear Waste Fund = $300M per drill hole

7. Competition?
Mined Repository
Spent nuclear fuel is stored in a
single massive repository. Waste
transported from around the
country
Yucca Mountain: Parallel
storage tunnels, 18-feet in
diameter just 1000 feet
underground are arranged in
a 5-mile region
Deep Isolation
Directional drilling techniques secure
sealed containers remotely,
thousands of feet beneath
sedimentary rock.
Canisters sit in 2-mile-
long drill holes 14 inches in
diameter, and can be
retrieved if desired.

8. Yucca Repository?
• $15 billion already spent.
$96 billion to complete*.
• Opposed by Nevada.
Spends $3.5M/year legally
challenging its completion.
• Licensing and construction
halted in 2009.
• No funding for Yucca in 2018 or
2019. What is stronger
than NIMBYism?
NoTAMS –
“No Transportation
Across My State”
*Yucca cost source: US OMB

9. High Barriers to Entry
• Not currently possible for private
companies to apply for license to
dispose of commercial spent
nuclear fuel
• Licensing costs are high, meeting
NRC technical requirements is
tough
• Many examples of stakeholder
engagement failure
• Opposition from environmental
groups could cause delays and
increase cost
Why is nobody else in this market?

10. • We have a head start and anticipate
upcoming changes:
 NRC Letter and response; possible
legislative compromise for second
repository
 No legal barriers to dispose of defense
waste in USA
 Opportunities internationally for a tested
technology
• Total costs significantly lower for our
solution, saving governments $billions
• Stakeholder engagement is a core
competency
• Forging partnerships with environmental
groups; they are showing genuine interest
Why is nobody else in this market?

11. We Have Widespread Support
The Public
• 82% agree:
It would be better to
dispose of nuclear
waste at its current
location in our state
than transport it
across (and out of)
our state.*
Nuclear Sites
• 6 out of 7
nuclear reactor sites
visited want to learn
more about Deep
Isolation disposal in
their community.
Environmental and
Anti-Nuclear
Groups
• Have been mostly
open to talking to us.
• They are intrigued by
our solution and
approach.
*Source: GfK Omnibus Survey

12. 13 countries have markets >$10B

13. Go-to-Market Approach
Develop &
protect IP and
replicable
turnkey solution
for licensing to
owned and
partner
implementing
businesses
Enable/shape
US market
Identify prime
international
target markets
Secure
government
funding for
research
Form and
support
in-country
partnerships/
channels
Secure
defense-related
sales
Secure
contracts for
international
markets
Grow business
through US and
international
sales to
national
governments
and expand
offerings
CREATE
SOLUTION
1
ENABLE
MARKET
2
PROVE
SOLUTION
3
SALES
4
GLOBAL
AND US
GROWTH
5
>>>> IP, SALES, AND BUSINESS VALUE GROW >>>>

14. Time-to-Market
Design & protect
technology
Productize
turnkey solution
Research
projects to prove
solution
Defense waste
contract
Market shaping
Partnerships in
prime markets
Market shaping
DIRECT SALES TO US GOVERNMENT
CHANNEL SALES TO INTERNATIONAL GOVERNMENTS
LICENSE SALES TO OPERATING BUSINESSES
IP VALUE
GROWTH
NOW 2020 2023
Commercial waste
sales begin
Sale of licensing solutions to owned
and partner operating businesses
Defense and
commercial sales

15. Investments & 6-month Milestones
Q4
2017
Q1
2018
Q2
2018
Q3
2018
Q4 2018 Q1 2019
Productize
turnkey solution
+ sales
1-2 technical papers
submitted to peer reviewed
journals for publication
Contract signed with
industry partner for field test
Private test of Deep Isolation
technology
Additional patent submitted
INVESTMENTS
$ 2017: Angel Round (Oversubscribed at $600k)
$ 2018: Seed Round ($5m raised, $50m cap, no discount)
$ 2019: Series A Kickoff ($20m goal)
Public demonstration of
Deep Isolation Technology
Bid submitted to
demonstrate technology for
Department of Energy
waste
$ $ $

16. ~ Steve Chu
Former Secretary of
Energy, Nobel
Laureate
Deep Isolation is adapting recently developed drilling
technologies to make disposal of nuclear fuel less
expensive and even safer than other approaches.
This is a technology that could prove important, not
only in the US, but around the world.
“
“
Thank You!