The concept - called deep borehole disposal - has been developed primarily in the UK but is likely to see its first field trials in the US next year.
If the trials are successful, the US hopes to dispose of its 'hottest' and most radioactive waste - left over from plutonium production and currently stored at the Hanford site in Washington State - in a deep borehole.
"Deep borehole disposal is particularly suitable for high level nuclear waste, such as spent fuel, where high levels of radioactivity and heat make other alternatives very difficult," said Professor Fergus Gibb, of the University of Sheffield's Faculty of Engineering.
"Much of the drilling expertise and equipment to create the boreholes already exists in the oil and gas and geothermal industries. A demonstration borehole - such as is planned in the US - is what is now needed to move this technology forward," Gibb said.
Fundamental to the success of deep borehole disposal is the ability to seal the hole completely to prevent radionuclides getting back up to the surface.
Gibb has designed a method to do this which includes melting a layer of granite over the waste, which will re-solidify to have the same properties as natural rock.
Gibb's colleague at the University of Sheffield, Dr Nick Collier, has proposed a method of fixing and surrounding the waste within the borehole using specialist cements able to handle the temperatures and pressures at that depth.
A mined repository can cost from hundreds of millions to tens of billions of dollars to construct before any waste can be disposed of; DBD costs a few tens of millions of dollars per borehole.
Researchers said a borehole could be drilled, filled and sealed in less than five years, compared to the current timescale for a UK mined repository, which is to open in 2040 and take its first waste by 2075 (although a site has not yet been agreed).
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