Nuclear Industry

“If you're going to reboot nuclear and you're actually believe in, in the atomic energy century, which I absolutely do, it's probably not going to look like what it did in the sixties. It's not going to look like civil infrastructure. Because we're not that goo…”

“So if you look at the nuclear industry outside of Valor, it's mostly a modeling and simulation industry. Like, when you think of a nuclear company, right, there's, like, nuclear companies out there that everyone knows the name of, and you kind of look under th…”

“Everywhere you look, it's a fake industry that has not been building anything for 40 years, and the little bit that they have been building, they're charging a 100 X margin on.”

“We're trying to do this mission that requires us to go as quickly as possible and to deliver before end of decade for both The advanced reactor industry and the existing reactors on the grid”

“There just can't be a Cambrian explosion of new reactors. The, Industrial logic of the nuclear industry just doesn't lend itself to that. I think best case scenario, it's bad for the industry if you end up with, you know, four or five competing reactor designs…”

“To me, it's like, clearly, yes, they can take advantage of that in the sense that You can get a PPA at a price that is going to be hopefully sufficient to make the project economics work. Those things are big deals, right? Like that, I don't think that was tru…”

“I don't know that AGI specifically is really necessary. I think what we just have to do is just start building, and we have the technology in the nuclear industry already. The reactor designs are there, and it's just going to be a matter of deployment and cons…”

“We have these hordes of software developer billionaires thinking that they can disrupt the nuclear industry just like you can disrupt the software industry, and I think they're going to be sadly disappointed very soon.”

“All that said, this is a really hard industry, and I know we're going to get into this, but you know, if you're going to be an entrepreneur, choosing nuclear as your technology is literally choosing hard mode.”

“The nuclear industry has never had more financial or spiritual support from the U.S. Government or our populace whether it be the IRA's investment tax credit and production tax credits that are aimed towards the nuclear industry, whether it be the Bipartisan i…”

“We should be figuring out how to build AP 1000 instead of flailing around trying to find silver bullet designs that will rescue this industry.”

“The nuclear industry grid-connected About four gigawatts of nuclear to the grid this year.”

“What I don't want is the sort of generalized hype around SMRs to translate into just yet another round of a large and historically Corrupt and incompetent industry getting another giant round of subsidies dumped on its head for ultimately nothing, which is wha…”

“Most of them that are thought of as the SMRs in this generation are neither small, some of them are bigger than the original reactors, and they're not modular. Like, they are using traditional construction techniques that maybe have, like, a little bitty bit o…”

“Well, there's virtually nothing actually being built globally anywhere for anything other than the traditional reactors. There's a lot of press announcements. Our company is building stuff, but we can get to that later. And then everything else is very theoret…”

“The only reason that we don't have 10 times as much nuclear As we do today, both installed, but also being built, is simply because the way that we have decided to build them is terrible. Just overly complex construction, like, awful financial incentives, usua…”

“What you saw from 1968 to 1978 was a tenfold increase in price for the exact same product delivered because that was a tenfold increase in the profit that the companies were allowed to make.”