US Power Grid

“And so in our mind, the only viable solution is to build large scale nuclear as fast as possible, which would mean it needs to come on in 2033 or 20 34, which is as soon as it can come on.”

“He was spending like 6000 dollars a day. It was an insane amount, but he scraped every single power plant in the U S every single transmission line above a certain voltage. And created this entire mapping of the entire US grid, as well as a lot of demand sourc…”

“We have an old grid. It could never handle the kind of numbers, the amount of electricity that's needed.”

“Getting a new project onto the grid today, you know, you sign up for interconnection, it could take a decade. There's a backlog of twenty-plus years to get a new transformer.”

“Our view is that if you fast forward you know, a decade or two, what you would find is that there might be enough generation out there. There might be enough, you know, nuclear companies that, that come online or wind and solar or natural gas. And there will b…”

“We don't, and I, you know, there's sort of an interesting phenomenon here, which is, you know, the Biden administration passed the IRA, the Inflation Reduction Act, and this was this huge stimulus bill that basically incentivized everyone to build solar and bu…”

“And so I don't know that it's going to be this like loud crisis that people anticipate. I think it's going to be a slow track for more renewable energy, more power on the grid. And we're just going to, we're going to plot our way there.”

“We're going to be, you know, putting a lot more both supply and demand on, and we're going to have a much more constrained grid, I think, for a good five years, and then depending on how long it takes us to build transmission, it could last longer.”

“There's about two terawatts of generation in the queue. It's almost all wind, solar, and storage. And there's only about a terawatt and a quarter of generating capacity operating on the grid right now.”