Deep Fission Locks In 25-Year Power Deal for 150 MW Kansas Project
FISN is trading near its 52-week low of $3.39 (9.8% above the low) on elevated volume (2.3× avg).
Summary
Deep Fission signed a binding 25-year Master Energy Purchase Agreement with the Great Plains Development Authority, converting the December 2025 letter of intent into a definitive contract for a commercial project at its Parsons, Kansas DOE pilot site; the agreement was completed October 16, 2026, and permits GPDA to assign its purchase obligations to qualifying tenants. The first phase targets 150 MW with commercial operation by September 30, 2028, scaling to 2,000 MW in later phases as demand grows. The catch: GPDA has no minimum purchase obligation, so the deal binds Deep Fission to build and supply but does not guarantee revenue. This follows the September 21 8-K on the Youngquist Brothers borehole drilling collaboration, and it is the company's first commercial offtake contract. It matters because a going-concern warning and $52.4 million net loss in the Q2 10-Q left investors questioning whether the reactor would ever reach customers; a signed offtake is the first hard evidence of demand. Management discusses the agreement on its business update call today at 11:00 a.m. ET.
Updated with an SEC 8-K filing · What changed
Updates
· SEC 8-K — The agreement was completed October 16, 2026, and permits GPDA to assign its purchase obligations to qualifying tenants.
At the time of this announcement, FISN was trading at $3.72 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $215.6M. The 52-week trading range was $3.39 to $15.50. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: BusinessWire.