NuWell Energy Inc.
NuWell Energy Inc.
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About Us

Built By The People Who Build Wells

Subsurface expertise applied to the world's hardest energy problem

NuWells brings together well engineering, nuclear science, and energy-transition experience to solve the containment problem that has held nuclear power back for decades. 


We began with a simple question from well engineer, Paul Boone: the industry spends billions building artificial rock around nuclear reactors to keep them safe — why not use the real thing? 


Today, we are turning that question into a standardized, science-backed platform for deploying nuclear power and clean energy storage underground. 

Vision

Mission

Mission

A world where reliable nuclear energy can be deployed wherever it is needed, making nuclear power more accessible for the communities and industries that depend on it. 

Mission

Mission

Mission

To unlock nuclear at scale by transforming proven wellbore technology into standardized underground containment, shifting nuclear power from one-of-a-kind megaprojects to a repeatable industrial product.  

Leadership

Man with glasses smiles

Paul Boone

Dr. Derek Haas

Dr. Derek Haas

Co-Founder & Director


Paul has 13 years of experience in the energy industry, including more than a decade as a wells engineer with a global energy company, managing over US$100 million in well engineering projects across design, construction, maintenance, and decommissioning.


He holds a mechanical engineering degree from the University of 

Co-Founder & Director


Paul has 13 years of experience in the energy industry, including more than a decade as a wells engineer with a global energy company, managing over US$100 million in well engineering projects across design, construction, maintenance, and decommissioning.


He holds a mechanical engineering degree from the University of Calgary and a Master of Science in well design, where his research focused on large-bore wells for underground hydrogen storage. 

Dr. Derek Haas

Dr. Derek Haas

Dr. Derek Haas

Co-Founder & Chief Technology Officer


Derek is an Associate Professor at the University of Texas at Austin, where he earned his bachelor's, master's, and doctoral degrees. Before joining the faculty he spent eight years as a Senior Research Engineer in the National Security Directorate at Pacific Northwest National Laboratory. Derek suppor

Co-Founder & Chief Technology Officer


Derek is an Associate Professor at the University of Texas at Austin, where he earned his bachelor's, master's, and doctoral degrees. Before joining the faculty he spent eight years as a Senior Research Engineer in the National Security Directorate at Pacific Northwest National Laboratory. Derek supported the initial feasibility studies in 2020 and joined NuWells as CTO in 2024. His deep understanding of nuclear safety and regulatory requirements anchors NuWells' path to deployment.  

Lyndon Bunio

Dr. Derek Haas

Lyndon Bunio

Co-Founder

 

Lyndon has spent his career in the energy transition, with a focus on decarbonizing Alberta's oil and gas industry. He began in technology development, helping companies scale from benchtop to commercial deployment, and has supported major producers in developing their net-zero strategies.


Lyndon joined NuWells in 2024 as a co-f

Co-Founder

 

Lyndon has spent his career in the energy transition, with a focus on decarbonizing Alberta's oil and gas industry. He began in technology development, helping companies scale from benchtop to commercial deployment, and has supported major producers in developing their net-zero strategies.


Lyndon joined NuWells in 2024 as a co-founder, contributing to the company's early development and vision.

Avatar Innovations Team

Darren Arcuri

Darren Arcuri

Darren Arcuri

VP, Business Development 

Alena Foster

Darren Arcuri

Darren Arcuri

VP, Stakeholder Relations

Matt Foster

Darren Arcuri

Kaitlyn Korol

VP, Finance

Kaitlyn Korol

Darren Arcuri

Kaitlyn Korol

VP, Regulatory

Our Core Values

Safety before everything

Containment is our business. We design with the protection of people and the environment at the forefront. 

Proven over novel

We build on decades of drilling, mining and nuclear experience, applying proven approaches in new ways rather than reinventing what already works. 

Evidence leads

We challenge assumptions and make decisions grounded in sound science. Our ideas have to stand up to testing and scrutiny. 

Build at the speed of trust

Strong relationships are fundamental to how we work. We engage early, listen openly and invest in relationships for the long term. 

We succeed together

NuWells is designed to work with the nuclear industry, not around it. We create value by helping our partners move projects forward. 

Our Supporters

Advisors

Dave Boone

Chris Slubicki

Chris Slubicki

Former CEO, Barrick Energy

Chris Slubicki

Chris Slubicki

Chris Slubicki

Former CEO, Modern Resources

Cindy Taff

Chris Slubicki

Cindy Taff

CEO, Sage Geosystems

Industry Supporters

Avatar Innovations

North American Drillers

Dunedin Energy Systems

Dunedin Energy Systems

North American Drillers

Dunedin Energy Systems

 

North American Drillers

North American Drillers

North American Drillers

 

Sage Geosystems

North American Drillers

North American Drillers

Help us build what's next.

We're looking for great people to work with us.

Join the Team

NuWells Energy Inc.

#200 - 638 11 Ave SW, Calgary, AB, T2R 0E2

partnerships@nuwells.com

Copyright © 2026 NuWells Energy Inc. - All Rights Reserved.

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We’re taking the stage at Avatar Demo Day in Calgary on November 19th, and you're invited!

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