About
Managed by Deployable Energy Funds Management.
Deployable Energy Fund Limited is managed by Deployable Energy Funds Management Pty Ltd, an Australian advisory firm working with wholesale investors, private capital and corporate counterparties.
The manager
Structure, diligence and governance.
Deployable Energy Funds Management secured the investment mandate from Deployable Energy and established the Fund as a special purpose vehicle to hold it for eligible wholesale investors in Australia.
The firm's role covers vehicle structure, investor eligibility verification, documentation, counterparty engagement and ongoing reporting to investors. Financial services in connection with the Fund are provided under the authorisation set out below.
- ManagerDeployable Energy Funds Management Pty Ltd (ACN 701 592 350 | ABN 38 701 592 350)
- AuthorisationCorporate Authorised Representative (CAR No. 1322961) of Deployable Energy AFSL Pty Ltd, AFSL No. 478547 — appointment recorded by ASIC on 22 August 2026
- Fund entityDeployable Energy Fund Limited (ACN 701 609 387 | ABN 31 701 609 387)
- Custodian and intermediaryMelbourne Securities Corporation Ltd (MSC), AFSL No. 428289, holds DEFL's assets through the custody arrangements and separately makes Subscription Offers under the executed Intermediary Authorisation Agreement. Subscription Amounts are not paid to the Manager; the separate Entry Fee is
- AdministratorMSC Abacus Pty Ltd (ACN 630 730 684), appointed under the executed Administration Agreement to maintain the register and provide investor administration
- Client baseAustralian-resident Wholesale Clients satisfying the applicable Chapter 7 and section 708 requirements of the Corporations Act 2001 who are also accredited investors under Rule 501(a) of the US Securities Act of 1933
People
Accountability sits with named individuals.
The same four Directors sit on the boards of Deployable Energy Fund Limited and Deployable Energy Funds Management, all appointed on 20 August 2026. Each is an authorised representative of Deployable Energy AFSL Pty Ltd (AFSL No. 478547). The Board is small and its members belong to one family; that is disclosed rather than disguised, and it is the reason the Fund's constitution reserves class rights to investors, requires unanimity whenever a Director is absent, and places the Fund's money and assets with an independent custodian.
David Gillespie
Founder Director, DEFL · Director, DEFM
Thirty-three years in medicine and a decade as a Federal Member of Parliament and Minister, with ministerial oversight of ARPANSA, Australia's radiation and nuclear safety regulator, and a five-year record of building bipartisan support for nuclear energy in Australia. Leads the Deployable Energy relationship. Adviser to Deployable Energy's chief executive, referred to by the company as its Managing Director, Australia and Asia Pacific.
John Gillespie
Director and Company Secretary, DEFL · Director, DEFM
Chartered accountant with more than thirty years in accounting and financial services; registered tax agent and ASIC agent. Leads the Fund's licensing, tax and compliance design, including the intermediary and custody arrangements.
Deployable Energy
Underlying company
Houston-based developer of the Unity Nuclear Battery, operating within the US DOE Nuclear Energy Launch Pad at Idaho National Laboratory. Deployable Energy is not the issuer of, and does not manage, the Fund.
Interests disclosed
Conflicts
The Directors have interests in Deployable Energy that investors should weigh. David, John and Charlotte Gillespie each hold a beneficial interest in SAFEs in Deployable Energy from earlier rounds (David and Charlotte from the Seed and US$30m rounds, John from the US$30m round), and Benjamin Gillespie holds a potential beneficial interest from the US$30m round. Each may invest separately in the Series A. Each Director also has an indirect beneficial interest in the Manager's ordinary shares and in DEFL's Management Shares, to which the Carried Interest is allocated, so the Directors may benefit from the Manager's fees and any Carried Interest. These interests are disclosed in full in Part E of the Information Memorandum, and Directors abstain from voting where the Corporations Act requires. Deployable Energy pays the Manager no fee.
Charlotte Gillespie and Benjamin Gillespie are also Directors of both DEFL and DEFM. Their backgrounds and interests are set out in the IM.
The Unity Battery
Third to criticality. Built to change the cost of nuclear power.
Deployable Energy’s Unity Battery was the third micro-modular reactor to reach zero-power criticality — controlled and sustained nuclear fission — at Idaho National Laboratory, on 30 June 2026. It was selected for the US Department of Energy’s Nuclear Energy Launch Pad programme, and Deployable Energy is now proceeding to demonstrate full-power generation and electricity on two further units, also at Idaho National Laboratory, targeting 4 July 2027 and 4 July 2028.
Deployable Energy’s design philosophy is to change the paradigm of nuclear energy, its cost and its capital intensity, to facilitate the whole decarbonisation agenda and to deliver energy security and affordability where it is needed. Unity uses commercially available materials and known supply chains so that it can eventually be manufactured at automotive scales of production in a factory, at vastly reduced capital cost, targeting cheaper electricity at about a 92% capacity factor for a single unit. Multiple units or a spare are expected to provide higher site-level availability during maintenance and fault time. Unique design features allow it to match the energy efficiency of larger SMRs and traditional large-scale nuclear units, and factory production and fuelling deliver vastly reduced capex and build time.
The designers avoided the exotic and expensive fuel forms and materials that many competitors labour under — TRISO, HALEU, molten salts, graphite and other specialist metals. Standard metal fabrication predominates, with no need for massive forgings, and Unity has inherent passive safety features by design.
Unity can be configured to produce AC or DC power continuously for five years, after which a fresh Unity Battery replaces it and the original is returned to the factory — like a swap-a-bottle LPG exchange — for refuelling and for recycling of used fuel at a central location. Electricity from diesel-fuelled generators is some of the most expensive electricity in the world, and the Unity Battery is intended to be the paradigm disrupter and replacement in that market.
Company statements as described by Deployable Energy; demonstration dates are the company’s targets.
Approach
Three commitments.
- Evidence firstClaims are tied to milestones that have been achieved and can be verified.
- Eligibility disciplineThe IM is available before an expression of interest or application. Wholesale status and identity are verified before an application is accepted.
- Plain documentationTerms are set out in definitive documents, not in marketing material.